Budgeting is not an exercise that limits the ability for a department or business to perform. It is a tool used to help set and support expectations and then monitor and manage the results.
Budget Development Assistance
Developing a clearly defined budget is another critical aspect of routine business operations that is often neglected or completely overlooked. Through years of budgeting experience and a variety of tools such as financial benchmarking analysis and zero-based budgeting techniques, Crown advisors offer extensive guidance in establishing realistic, workable budgets that enable the business to maximize profitability and the owner’s benefit from the business.
Overhead (Cost) Control Design and Implementation
Once a budget is established, if the budget is not going to be controlled, what is the point in having it? Crown advisors can identify or design, if necessary, operational metrics that impact key budget components. Additionally, they can train management to appropriately monitor these metrics and implement corrective action in a timely manner.