Browse Tag: Budgeting

Put budgets into practice

Successful Budgets Pt 2

Successful Budgets Pt 2

 
 
00:00 / 00:20:07
 
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In our previous episode, we shared five different types of budgets you can use to understand the finances at your company. While these budgets can do a lot to shape the way people think about your company’s finances, they won’t do much good if they don’t lead to action. 

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Types of Budgets

Successful Budgets Pt. 1

Successful Budgets Pt. 1

 
 
00:00 / 00:23:58
 
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Most successful managers know that you can’t make fiscally sound decisions without checking the numbers. In an effort to help managers make wise decisions, companies put a budget in place and check it against the numbers. If you have the numbers and the budget, you might be tempted to think you have all the information you need.  

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Reining in Your Procurement Budget

Procurement budget

Budgeting is, of course, one of the most critical aspects of running any business. Albeit, maybe not the most glamorous. A budget tells us what we can and can’t afford—and serves to inform our purchasing strategy. While a budget can warn us when finances spiral out of control, they can’t prevent us from buying anything.

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