Budgeting sets out your financial expectations for the business. While it’s not possible to know exactly what the future holds, budgeting reduces the level of uncertainty and helps you anticipate problems.
Actively using your budgets, and comparing them to the actual outcome, also lets you learn from the past and improve your ability to control the business.
Gain unlimited access to all of the resources and factsheets on IoD.com by joining as a member.
IoD membership can help you reach your full potential through its various membership packages.
Are you ready to become part of the UK's most dynamic community for business leaders?
Find out more about IoD membership
Join now Login
A range of essential products and services handpicked for you.
Save 5% on specialist business insurances including Cyber & Data Risks, Office and Professional Indemnity
Best exchange rate guarantee and no fees on money transfers
10% discount on rentals and free membership of rental loyalty programme
Going on holiday this winter? Protect your possessions worldwide for up to 60 days at a time