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How to budget for your company so you can grow forever

Incremental budgets

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

Step 1

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.

Step 2

Design and communicate the process for getting additional budget.

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