Budgeting with purpose webinar – Stevie Maora

Toiere members joined for a webinar with Stevie Maora, she shared practical insights into budgeting for small businesses.

Goal for this webinar – to empower small business owners with practical budgeting skills and confidence in financial management.

Key Components of a Budget:

• Income
• Expenses
• Profit

Benefits of Budgeting:

• Avoid financial surprises
• Make better business decisions
• Reduce stress
• Plan for growth
• Supporting growth planning
• Budgeting doesn’t have to be complex

Tips for Creating a Budget 

• Start small and be realistic
• Review past financial data
• Include a buffer for unexpected expenses
• Update your budget regularly

Budgeting for a New Business

How to budget without knowing all the costs upfront?

Stevie’s Advice:

• Estimate based on research
• Adjust as more data becomes available
• Focus on pricing strategies
• Keep costs affordable while aiming for sustainability

Tools Shared:

• Xero’s Budget Manager feature demo
• Free budget template offered to participants