Each year, we put together a financial budget for the upcoming year. We try to anticipate what the new year will bring in Revenues and Expenses, whether that is by calculations, growth patterns, or wish list items. We add variable expenditures not knowing if they will get priority or not.
Avoid the back and forth questioning regarding approval by the executive team.
You need to make sure you have the funding to do the items you planned for, and that you are not funding something that has no alignment with your Annual Plan. Therefore, Plan – then, budget to have a great year!