It's that time again – the time to plan for the coming year and figure out our budgets. However, this year’s planning will be quite different from what we’ve experienced in the past. Most of us have no idea what to expect in 2010. And that is all the more reason to start the planning process early.
In our October issue, contributor Alan G. Badey provides tips on how you can prepare for the upcoming year. For example, many firms have had a difficult time maintaining their available credit in the down economy; so if your business plan requires an infusion of capital in 2010, now is the time to research your company’s options. Meet with your banker or other financial advisors as soon as possible to find out what needs to be done before a loan is actually needed. For more tips, read on.