Solben sells technology to use in the production of biodiesel. Company founder Daniel Gmez Iiguez stresses the

Question:

Solben sells technology to use in the production of biodiesel. Company founder Daniel Gómez Iñiguez stresses the importance of planning and budgeting for business success.
Required
1. How can budgeting help Daniel efficiently develop and operate his business?
2. Daniel plans to expand his business. How can a budget be useful in expanding a business’s operations?