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All About Budgeting: Common Challenges & Solutions

 
  Mark S. Becker, Partner, CFO Edge, LLC  
   
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  Article Summary  
From being the financial blueprint to providing views into capital availability and profitability, the budget is one of the most important elements for driving and managing successful businesses.

In our work with small and mid-sized businesses, we see a number of budgeting challenges that, when not addressed correctly, can cause inaccuracies and flaws to ripple out and negatively impact all aspects of finances and operations.

When budgeting frequency, resources, focus, purpose and buy-in are proactively addressed, four high-level positive outcomes occur.

Los Angeles and Southern California executives looking at how their budgeting processes can be improved may be interested in talking with a provider of outsourced CFO services.

A former enterprise CFO brings budgeting expertise that includes deep understanding of successful budgeting protocols.

A CFO professional can recommend budgeting best practices around timing and measurement, as well as work with operational managers to help them run their departments better.

  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
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