Budgets: Part 3 - Enterprise / Job / Projects

After our last posting of operational budgets for a business we received numerous calls and emails. Many of you wanted to know more about budgeting by different parts of the total business.

Great examples of budget needs for parts or areas of a business are the following:

• Agriculture - By crop or livestock operation, to a field level or farm.
• Agri-Business - By differing operations or locations
• Construction - By type of job, such as remodels, new homes, commercial
• Service Business - By truck, van, different communities, routes
• Consulting Business - By customer, marketing area or projects
• Software Developers - By project, product, updates or marketing area
• Web designers - By customer, web site, updates or maintenance
• Graphics projects - By customer, client, project
• Property Management - By apartment, rental building, etc.

Budgets can be developed either manually or with the use of software. Budgets that are part of the total operation are invaluable to achieve the goals or cost management of a business.

Remember, parts of the business make up the total business. If you can identify success or failures at the lower levels of a business you, the owner or manager, can make quicker adjustments in controlling costs, time, materials or the marketing sales price of your products.

This level of overview of budget vs actual for components of the total business is once again a proven method to a successfully run business.