Pay it Right

I’m currently reading “Discovery-Driven Growth” by Rita McGrath & Ian McMillan and came across this quote which I thought was so appropriate for today’s post:  “Whenever you see someone doing something really stupid in business, there’s a good chance that he thinks he’s being rewarded for it.”  We all know this scenario and it doesn’t [...]

Being Flexible: Using a flex budget

As mentioned in last week’s post on budgeting, the issue with the static budget is that it is out of date before the first month-end makes its appearance.  When this happens, a tremendous of amount of energy is spent month after month “explaining the numbers” when they may not need to be explained or can [...]

New Year, New Budget … but is it the right tool?

There is always something exciting about starting a new year.  It’s like having a clean slate so to speak.  Oh, it doesn’t mean that what has happened to you in the past disappears but it’s a point from which to start measuring new challenges and new initiatives.  This is true whether you are an individual [...]