Budgeting is a valuable tool for business developers. It is used to estimate future income and expenditures for a project of business. Budgeting can take many forms and is used to answer an array of economic and financial questions. For example, budgeting can be used to estimate profitability under an array of price and production assumptions.
Understanding Partial Budgeting provides you with a method for estimating the profitability of a change in your business. A worksheet on Partial Budgeting is provided to help you make the estimates for your business.
For more information on budgeting see the box at the right. Also see the budgeting worksheets and calculators available at the Business Workbench.