When I reached a certain point in my career where my success had given me some resources to work with, my dad gave me a great piece of advice. He told me, “You can now do anything you want to. But, you can’t do everything you want.” This sage advice meant I had to make some choices about how I would spend my time and money.
This was not only great advice for me personally, it’s also great advice for anyone running a business. It helps explain why you need to have a budget for your business.