Control Costs through Budgeting

Amanda Keetley

1 QUESTION FOR YOU

Is your business delivering sufficient returns in line with industry benchmarks and capital employed?

2 QUOTES FROM OTHERS

  • Marissa Mayer (CEO, Yahoo.com)
    “It’s not a key result unless it has a number.”
  • Someone
    “Cost control is the practice of identifying and reducing business expenses to increase profits, and it starts with the budgeting process.”

3 IDEAS FROM ME

  • Focus is the art of knowing what to ignore; use exception analysis to determine where action is required.
  • On Transparency: Reporting against the budget must be done accurately and timely at least monthly.
  • On Accountability: Those who are to be measured by a budget must have ownership of the budget inputs and outcomes.

About 888X:

888X provides business advisory services focussed on productivity and growth to accelerate your business profit and resilience.

888X takes an innovative, agile and positive approach to business transformation and improvement. We are focussed on, and committed to, our client’s business success. Our expert business advice is delivered with optimism and encouragement. 888X embraces efficient, digital tools that reduce costs and increase revenue.