Faith is nice…. on Sunday…. in church… for believers.
But we’re not doing budgets on Sunday …in church …as for managers as “believers”? Yes, perhaps too often they’ve been drinking the corporate kool-aid.
I suppose I’m starting to sound pretty predictable, but all my experience leads me to one fundamental recommendation: don’t build your budget on wishful thinking. Don’t let management team “group think” mess with your forecast, and resist the temptation to build in the “obvious” growth curve. Even if you’re correct, growing volumes too often serve to hide growing inefficiencies.
Minimize the influence of the forecast, focus on efficiency improvements.
Budget well, and prosper….
