How to budget for your company so you can grow forever
Incremental budgets start with a certain amount allocated for a given area. After that, additional budget room needs to be applied for through a process (each company is likely to have a unique process.
How to budget using incremental budgets
Start out by identifying the “floor” for each area of the business. This could be determined by the previous years’ spend, the annual plan from leadership, or a specific commitment from the company.
Design and communicate the process for getting additional budget.
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