Improving the Budget You Already Have

You’ve done the challenging part of assembling a budget. You’ve done the introspection and soul-searching, looked at your venture from every angle, and tailored your budget to diligently aim your business to meet the goals you’ve set for it. It may not be perfect, but you’re confident that it will continue the operation down the path you’ve set for it. …

View Post

How Branding Protects Your Business’s Budget

Not so long ago, brand-building was easier to manage than in today’s omnichannel digital environment. Go back three decades and count the communications vehicles: businesses could choose from newspapers, magazines, television, and radio, enjoying substantial control over all of them. With relatively few channels, consumer audiences engaged in consistent popular media. Digital channels, operating on search and behavior algorithms, offer …

View Post

Building a Budgeting Team

Building a budget is not just an accounting function. The more engagement and buy-in you have in the budget building process, the more commitment and success you will have executing the budget. Don’t make the mistake of isolating the budget building to the accounting team. Begin by assigning sole ownership of the budgeting process to one person. This person, the …

View Post

Budget Tips for Businesses

Running a business is electrifying, exhilarating, and even a bit scary. An often overlooked area for entrepreneurial companies is the financial side of the business. Yes, we’re talking about your budget (come on – budgets can be exciting too!). Companies with no budgets have no financial roadmap and therefore, no plan for profitability. Below are a few tips to consider …

View Post