If anyone don't understand this basic thing such as budgeting then they should not be in business or have anything to do with finance. OP you did a good job but have honestly post like this are basic, this type of post will have a good fitting for beginners and help. This is a vast forum and the economy board of the forum talking about very basic thing like this that is obvious as day light is a bit cringe.
Budgeting will make you to utilise your money very well, some people doesn't like make a budget in anything they're doing and that has being the challenges they are having and that makes them to be spending unnecessarily, so therefore we need to understand that, I'm using gambling as a reference, in gambling you need to budget yourself very well before you gamble and likewise any other thing you do, without having a budget you will spend your money beyond your budget and that is why any average person have to know that they need to make plans that will help them to achieve their targets, many people is poor today they did not have a foresight from the beginning and today they are regretting seriously
People should try to make budget of their business because it is required to be successful in life and business idea also matters a lot in life to make impression in life . People try to make budget for the grocery which is not such as important as business but they are not making any statement for that . People are making effort for the money and they are in the search of job and that is reason they are facing trouble in life. People have to make things which will give them profit in life and they have to place money on side for the future investment but most of people don't know about that .Gambling is not good for the finance of anybody because it can destroy you because you could lose your all money in a moment and that is risky thing.