BUDGET SYSTEMIZATION 101 | Founder Foundations Mini-Series | Steve Simonson
Channel: Steve Simonson
Date: 2022-12-20

Budget Systemization - What is it?

In this episode, Steve talks about a very "sexy" topic. We often discuss budgeting in our firm, and I often write about budgeting because it is such an important topic in any company. 

Good news: Valuable strategic element of the business
bad News: IT TAKES WORK

Having a budget will help you manage your business and will help you remove the day-to-day "tasks" on your plate and to create a successful budget, every Founder/Leader or business owner needs to:
- Establish Strategic Objective that gives you your roadmap - knowing the revenue and the associated overhead expenses.
- Set goals and objectives that push for growth and efficiency, but keep those goals and objectives realistic. There is nothing more demoralizing than to have an unachievable goal.
- Start your budget planning process early. For a calendar with year end at December, start no later than August of the current year.
- Measure your actual results every month versus budget, and hold people accountable.

Ready to learn about Budget Systemization? Let's go!

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