** Introduction**Many businesses have collapsed like structures erected with poor quality materials. At first these structures look like they will thrive because of how glittery they are. But as time progresses the real deal sets in. Factors that were not considered during construction like the soil texture, land topography, poor quality control would start acting up and affect the structure leading to its collapse. Many businesses today thrive within the first and second year of its existence, but due to some factors the business will accelerate in the opposite direction. Some do not have sales books, not to talk of credit or debit records. Some spend extravagantly with the intention that they will always make sales and replace whatever amount they spend. Little do they know that they are feasting on their capital. When unforeseen financial shipwreck sets in, their business sinks in as if it never existed. One reason may be responsible for this-poor Budgeting.
