Budgets are great. They can help us project our income, plan for known expenses, and anticipate our revenues and profit.
Budgets can be a great management tool, but they are not managers themselves. They are inanimate.
Still, many companies operate as if the final say on any major or desired activity is the budget.
Money in the budget or specific line item activities should be a guide, not the deciding factor.
In my podcast message, "IT'S NOT IN THE BUDGET," I discuss how management decisions are often made based not on the impact of that decision on the company but by whether or not it's in the budget.
Similarly, unnecessary expenses are often made because the money is in the budget.
Bottom line, you control the budget - not the other way.
For more information about my consulting, teaching, and coaching services visit my website at stevehoffacker.com. I also maintain a blog (Sales Quips) on the real estate network Active Rain, and you can begin participating in this great forum by visiting here. I also write and maintain blogs for Gold Coast SMC and Florida SMC.
© 2009, Steve Hoffacker. All Rights Reserved.
Budgets can be a great management tool, but they are not managers themselves. They are inanimate.
Still, many companies operate as if the final say on any major or desired activity is the budget.
Money in the budget or specific line item activities should be a guide, not the deciding factor.
In my podcast message, "IT'S NOT IN THE BUDGET," I discuss how management decisions are often made based not on the impact of that decision on the company but by whether or not it's in the budget.
Similarly, unnecessary expenses are often made because the money is in the budget.
Bottom line, you control the budget - not the other way.
For more information about my consulting, teaching, and coaching services visit my website at stevehoffacker.com. I also maintain a blog (Sales Quips) on the real estate network Active Rain, and you can begin participating in this great forum by visiting here. I also write and maintain blogs for Gold Coast SMC and Florida SMC.
© 2009, Steve Hoffacker. All Rights Reserved.
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