There are many deep-rooted misunderstandings about budgeting, which is the main reason why the practice is often misunderstood and undervalued. The truths about budgeting are not found in classes and books about money, however. And the reason most organizations’ budgeting is flawed is due to a failure to view the practice from the perspective of leadership—not cash.
Join business and finance industry expert Ron Rael as he unveils a new way to strengthen your budgeting method by making it a responsive process that works through continuous improvement and feedback. This practical-minded program will present specific solutions to budgeting challenges, including the revenues budget, the expense budget, and budget accountability.
After attending this audio event, you will be able to apply 5 strategies to change your budgeting perspective from short-term to long-range, employ 18 critical techniques to understanding your company’s financial risks, and ultimately build a realistic—and honest—budget. Plus, you’ll be able to spot flaws in your organizations’ current budgeting practices and know how to correct them. And you’ll be equipped to include your team in your efforts by understanding how to craft a reward structure that ensures accountability and focus. Budgets begin and end with leadership—once you learn that, you’ll be able to see the task from a new, productive, and revenue-building perspective.
Here is a taste of what you will uncover:
Detailed ways to strengthen the budget planning process.
An action plan tool to prioritize next year's goals.
The source of specific firm-wide risks that cost money.
A specific reward structure that ensures accountability and focus.
The rolling forecast to ensure long-term focus.
Budgeting as a responsive process through continuous improvement and feedback.
Ron Rael is usually irreverent, sometimes satirical, and always provocative!
Ron brings forth fresh perspectives and amazing insights to leadership. He emphasizes how good and bad leadership affects the issues and challenges you face. He offers solutions that address the human element of business and tools...