Waste your Time...Budgeting
A Leader's Biggest Timewasters
Business leaders carry out many time consuming activities that yield little value.
They are, in reverse order of wasted time:
5. Budgeting
The annual budget round has at times descended into farce, in particular:
• Guessing the cost and benefit of projects
• Hiding the cost of training inside other cost codes, as it is the first target for cutback
• Ensuring that as end of year approaches the budget is spent in full, for fear that coming in under budget will lead to it being reduced the following year.
Tip: Be clear on what you want to achieve first, then budget, not the other way around
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