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.
This content is for members only.
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