Why Budgets Are Not Forecasts

Why Budgets Are Not Forecasts

Most public company executives and private company owners arrive at the annual budget season with the wrong mindset. They believe a budget is some type of forecast and that sinking feeling comes over them. Why bother? The good news here is that it is not a forecast....
I’ve no budget

I’ve no budget

How often does your sales team tell you the deal fell over because there was no budget? We need to drill down on that a little further. When a budget is created do you think that every single line item has a supplier’s name penciled in? In fact often the type of...
I’ve no budget

Building the Perfect 2012 Budget!

For many management teams the month of December represents the Budget sign off time. However they are so often badly done. Frankly they are recklessly compiled representing the classic “hope over experience” document instead of an operational blueprint....
Building the Perfect Budget!

Building the Perfect Budget!

For many management teams the month of December represents the Budget sign off time. In this climate you might be wondering does it matter, why bother? Well I think it does matter as long as it is prepared with the following mindset. A Budget is a set of rigorously...

Sales Tip – The Fallacy of Budgets

How many times have we heard the phrase – I’m sorry but there is no budget for your proposal/idea! Of course there is no budget. If you are leading your sales teams to look for budget you really are going to be very disappointed. Look at it this way, what...