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