If you’ve ever heard the term “zero based budgeting” and wondered what that meant, it is just one of 3 basic approaches to the process of preparing a budget.  The other 2 are “incremental budgeting”

  Businesses that don't budget assume the costs outweigh the benefits and organizations that do prepare budgets may at times question the benefits.  Budgeting contributes much more to the manageme

  Recently a friend of mine who is part owner of a small manufacturing business asked me to help him with the sale of his business.  He was trying to figure out how much the business was worth.  W

I think one of the most compelling arguments for building a budget is that when you create a budget you’re also creating a model of your business.  A model that enables you to evaluate alternative “wh