How to balance the budget with the business
As I mentioned in my most recent post – The budget is set so no brilliant ideas until next year –…
As I mentioned in my most recent post – The budget is set so no brilliant ideas until next year –…
I just wrote about the failings of the Budget Tyrant CEO. Here’s a real-life example of the consequences of this…
The tyranny of the annual budget reigns supreme over a business ruled by the Budget Tyrant. Treating the budget like…
I recently asked how CEOs can gain the efficiencies of a rules-based organization while maintaining the flexibility of a values-based…
Monkey See, Monkey Doomed One day a researcher put five monkeys in a cage. In the middle of the cage…
One of my favorite bloggers – Fred Wilson of A VC – wrote an article back in January called “The Fiscal Mess: Death By A Thousand Cuts.” As I look back on this post, it reminds me of several decisions I made as CEO. At the time of the sequester, everyone claimed that if it went through the economy would tank and we would plunge back into recession. Now six months later the effects of the sequester appear minor at worse.
Many times when I had to make significant cuts in the budget based on economic conditions, I worried what the impact on the company would be. Each time – in hindsight – I was surprised how small the impact was, and in some cases it even made the company better. Don’t let fear of the future stop you from making the necessary decisions in a timely manner.