04/01/2021

In Joanna's LinkedIn article "Budgeting Tools for Bettering Your Business" she provides very practical insights on how we can help our clients see the value in budgeting. Here's the introduction to the article with the link to the full article below:
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At Adirondack Management Services, we are big believers in budgeting. Yet, we’ve heard the pushback: “What use is a budget? I have no control over the markets or what’s going to blow up today let along six months from now.”

Maybe you’re putting too much stock in the budget. A budget is not a crystal ball. It does not predict the future, nor does restrict what you can do in response to whatever is coming your way (see also: 2020). Quite the contrary, it can help identify alternatives for a path forward if necessary.

A budget is a tool that can help guide your business – whether it’s in the planning or controlling mode of management. Sure, your banker or financial backers may like to see one, but wouldn’t it be great if it also went to work for you?
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Link to full article here

Joanna Lidback on LinkedIn