There are two steps in the budget process: Budget creation and budget execution.
You need both to achieve your financial goals.
In the budget creation step you build the financial road map. It shows how you’re going to get there.
In the budget execution step you implement the plan, every day, every week, every month.
Budget execution is a consistent and relentless pursuit of your financial goals.
Two steps:
- Budget creation
- Budget execution
To get started quickly, use this budget outline to define the team, timing, and to-do’s for your budgeting process.
The most important thing you can do right now is to set a deadline. Nothing focuses the mind like a deadline.
Do this next…
- Watch the short video below on budget creation and execution
- Join our Beer Business Finance membership, a network of beer business owners and managers creating and executing financial excellence
- Already a member? Members get unlimited access to our library of wholesaler training courses, videos and resources from past financial round table meetings, along with financial models, templates and spreadsheets to help you transform financial results in your beer business
