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How Can You Manage Your Business’s Budget Better in 2024?

Strategy Driven

Although you might excel at managing your employees and overseeing the creation of new products, as a business leader, it can be much harder to cope with your start-up’s budget and ensure that your company and its expenses stay within it. If improving your budget management is on your list of goals for 2024, read on.

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How to Set Zero-Based Goals

thoughtLEADERS, LLC

Use this common budgeting technique to set goals that are more relevant and actionable. When you’re setting goals, you can borrow a technique from a common budgeting process called zero-based budgeting. Every dollar you’re going to spend in the budget is justified.

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Providing Resources to Reach Goals

thoughtLEADERS, LLC

If you don’t give your teams the resources they need, they’re not going to hit their goals. Once your goals are set, you have a responsibility to provide the team the resources it needs to achieve those goals. These resources should be identified during the goal-setting process.

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5 Steps to Develop Team Goals

Skip Prichard

The first approach is involving others to develop high- quality team goals that produce results. The leader can distill the team’s direction into a list of proposed team goals. But input from team members is important to create high-quality team goals because different perspectives increase the value that can be produced by the team.

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How to grow sales on a downsized marketing budget

Strategy Driven

Businesses are often quick to slash marketing budgets in times of disruption, and the response to the recent economic upheaval has been no different. Global ad spend is predicted to fall by nearly $50 billion in 2020, with major organizations like Google cutting marketing budgets in half for the rest of the year.

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How to Structure an Internal Communications Team the Right Way

leaderCommunicator

Consider that 86% of chief communications officers (CCOs) do not control their operational budgets, and roughly half struggle to maintain the workload and staffing required. Even when CCOs have the perfect structure in mind, they still have to lobby for budget and orchestrate with key business partners to gain buy-in.

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Strategies to Get Your Employee Training Budget Approved

Niagara Institute

From increased productivity and engagement to fewer errors and rework, the better-equipped employees are, the more likely they will be able to contribute to achieving the goals and mandates of your team and organization. It’s no secret investing in employee training can reap big rewards.