How do you get managers own their budget?
Start by outlining the budget tools, team, timing and information that will be shared with managers.
- Tools – What financial budget models will you use?
- Team – Who is leading the budget process?
- Timing – When will you start / finish the financial plan?
- Information – How will details flow to (and from) your managers?
The key to getting budget buy-in from managers is to set clear expectations, provide support and structure, and deliver practical financial literacy training.
Financial literacy is the ability to read and understand the numbers of your business (and each business department). This is critically important for non-financial managers. Which is to say, most managers in your beer business.
Do this next:
- Watch the short video below: Tactics to train managers in budget responsibility
- Learn more about our Beer Wholesaler Financial Training Program – financial literacy training for everyone in your beer business. The full program is included with your Beer Business Finance membership
