Best Practices and Considerations for a Successful,

Agile Corporate Budget

It may seem like the word “agile” and “budget” are inherently oppositions– isn’t a budget something that you carefully plan so you can stick to it well? And isn’t mismanaged or insufficient cash flow a top contributor to business failure?

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It may seem like the word “agile” and “budget” are inherently oppositions– isn’t a budget something that you carefully plan so you can stick to it well? And isn’t mismanaged or insufficient cash flow a top contributor to business failure?

While those points are undoubtedly essential to discussing company success rates, there could be a link between rigid budgets and company stagnation– or even failure.

A budget isn’t a strict prescription for financial health. It’s more like a projected roadmap detailing a clear destination. But this difference allows companies to be usefully prepared for inevitable obstacles and changes.

In this ebook, we’ll cover the following:

Part One: A Typical Budget Creation Process

  • Benchmarking estimated spending
  • Create Growth and Development Goals
  • Compile a Single, Cohesive Budget
  • Send for Approval and Comments
  • Make Adjustments Until Final Approval

Part Two: Reduce Friction and Increase Utility of Final Budget

  • Create Employee Buy-in
  • Use the Best Systems for Needs
  • Give Your Budget a Story
  • Incorporate Proper Forecasting