Category Archives: Budgeting

Budgeting & Setting Targets

Budgeting & Setting Targets

Budgets: Setting Targets Budgeting involves setting targets.  Clear targets motivate people to high performance levels. Budgets are your stories of tomorrow. They show choices, aims and objectives. Targets are typically shown in terms of money, i.e. income, costs and profits.  Tough targets play their part in motivation and performance. One use of budgets is to measure business performance.  If income

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Budgets and Planning

Budgets and Planning

Budgets are planning are part of the same tribe,  Planning is a great part of your business mindset.  Business Budgeting and planning has to be in your business toolbox. Introduction Every organisation needs sound financial management as part its strategy, finances underpin every aspect of this work. Each activity should be planned and costed, resources must be considered. The budget

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The Art of Budgeting

The Art of Budgeting

A budget is a plan expressed in money.  Your budget tells your future story in monetary terms. Budgeting is one of the most powerful business and management tools around. It plays a key part in planning, control, and decision-making. In the beginning Firstly, decide who is going to be involved in the budgeting process, include those who will deliver specific

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