A balanced budget can mean several things. It can have the traditional meaning of balancing your expenses and income so that you do not run a deficit. But it can also mean balancing your time and business resources during the budgeting process. Your budget tells a story about your business…

You already know that you need to sell your products or services to your customers, but did you also know that you need to sell your budget to your team? As we wrote about last week, budget accountability is everyone’s responsibility. Good corporate governance depends on getting your team on…

Make Sure Your Strategic Planning and Budget are Aligned Every business needs a budget, right? But how do you know if your budget is right for your business? For most organizations, it is not enough to simply track all of its expenses and revenue. For your business budget (and your…

Your business intelligence strategy is a roadmap for your business’s success — and so is your corporate budget. Therefore, it makes good sense for the two to be connected. But further than that, your business intelligence strategy and budget shouldn’t exist as separate entities. They should co-exist and inform one…

Did you have to take a class in college that covered Microsoft Excel? I did, and by the end of it, I couldn’t believe how useful Excel turned out to be! I mean – it’s a pretty amazing program that allows you to do lots of different tasks – everything…

Strategic company budgets are absolutely critical. After all, they allow you to establish goals, assess your company finances, and make accurate (and exciting!) growth plans for the future. And yes – we understand that business budgeting isn’t the most thrilling thing in the world. But remember – just because you…

Strategy. Chess players use it to win tournaments time and time again. Basketball players use it to create and run plays that win games. Poker players use it to consistnely win insane amounts of money. And you use it – when you’re creating your business budget! Yep – that’s right!…

Think for a second. Where do you see your business in 5 years? 10 years? …20 years? If you’re imagining major growth and big things for your company, you’re probably not alone. Most business owners have big plans for the future! But what a lot of business owners don’t have…

Oh, the strategic budgeting grind. It’s absolutely necessary, but if you don’t have the right tools and software handy, it can be a huge pain! Let’s face it – there’s new software being developed constantly. That makes it pretty difficult for businesses to figure out how to choose the best…