Use prior financial statements as a guide to prepare budgets and long-range projections.Actual results should be compared to these projections to highlight areas needing attention before major problems develop.By Tami Benus|2015-07-01T14:45:30-05:00July 1st, 2015|Current Tips|Share This Story, Choose Your Platform!FacebookTwitterRedditLinkedInWhatsAppTumblrPinterestVkEmail About the Author: Tami Benus Related Posts Use your advisors wisely. Use your advisors wisely. Watch those numbers. Watch those numbers. Keep payroll costs under control. Keep payroll costs under control. Learn from other small businesspeople. Learn from other small businesspeople. Collect past-due receivables. Collect past-due receivables.