http://managementblog.org/2006/11/08/vivid-budgeting/ Managerial Leadership Practices based on the Time Span research of Elliott Jaques. Thu, 24 May 2012 21:08:36 +0000 hourly 1 http://wordpress.com/ http://managementblog.org/2006/11/08/vivid-budgeting/#comment-1244 Wed, 08 Nov 2006 23:28:15 +0000 http://www.managementblog.org/archives/2006/11/08/vivid-budgeting/#comment-1244 Cathy,
You bring us to an important insight. Without a budget, it is extremely difficult to make management decisions. Without a budget, it is difficult to manage risk or take advantage of opportunities.

]]> http://managementblog.org/2006/11/08/vivid-budgeting/#comment-1243 Wed, 08 Nov 2006 15:16:08 +0000 http://www.managementblog.org/archives/2006/11/08/vivid-budgeting/#comment-1243 After being in business for more than 35 years without a budgeting process, we began budgeting last year. I had my doubts going into the process, but now I actually LOVE it! I even love doing my own part of the budget. It is fantastic to know in advance how much money you can spend on “nice to haves but not necessary” and how to prserve cash for “must haves”. So to anyone who hasn’t used budgeting yet, I offer my experience as encouragement!

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