The Essential Guide to Business Budgeting
What you'll learn
- In this 2-part course we will cover both the operating budgeting process and the capital budgeting process. By the end of this course, you'll feel fully equipped to prepare an operating budget which helps you successfully execute your strategy as well as know how to navigate your company's capital budgeting process when you need to gain approval for a capital expenditure.
- No requirements! Just a willingness to do some work, because you cannot strengthen & develop your budgeting skills by just watching the class videos. The real learning is in completing the accompanying exercises which are build into this class. So you have to be willing and able to take some time to complete those exercises.
- You do not require previous knowledge on this topic - I will take you step by step through the different concepts presented in this course
This 2-part course covers both the operational budgeting process and the capital budgeting process.
In part 1 of this course we focus on how to prepare an operating budget. Done well, a budget provides a clear flight plan for where the organization wants to go in a given year, what route it plans to take there and what resources it will need to do so. However, unfortunately few budgets are done well and even fewer leaders use their budget effectively on a day-to-day basis to manage their department, business unit or division.
So, to help you buck that trend we will teach you a 4 step process to help you prepare a really good budget and we will also discuss in detail how to use your budget as an effective management tool.
In part 2 we then focus on the capital budgeting process. This is the process of allocating resources for major capital expenditure or investment expenditures. Leaders throughout a company will need to know how to work through this process as and when their strategic plans for their department or division involve significant capital investments. It varies by company what the actual threshold is at which a company requires its leaders to go through this process for approval. It can be as low as $1000 or as high as $50,000.
We will explore in detail how to analyze any proposed capital expenditure and how to make recommendations based on the outcomes of those analyses. This will involve a review of the following 4 capital budgeting methods:
Net Present Value
Internal rate of return (IRR)
After working through this part of the course you should feel fully equipped to successfully handle your company’s capital budgeting process as and when you need to gain approval for key capital expenditures.
Note: At the end of each section you'll find a downloadable copy of the syllabus for that section of the course.
Who this course is for:
- Any non-financial manager or leader who wants to master the art of effective budgeting
Brenda van Camp is the founder and CEO of SharpAlice Inc., an organizational & leadership development platform which designs and delivers leadership development programs specifically focused on enabling women to lead as well as working with organizations to help their women & men in leadership work more effectively together.
Prior to founding SharpAlice, Brenda earned her stripes working as a marketing executive for consumer companies. Most recently she was the Chief Marketing Officer of Blurb – the leading online self-publishing platform based in San Francisco. Prior to that, Brenda was the SVP, International Head of Marketing for the international auction house Christie’s. Earlier in her career, Brenda honed her business skills as a consultant for Booz Allen & Hamilton and Publicis Consultants and as an Investment Director for two European venture capital firms.
Having worked & lived in the US, Europe, Asia, and the Middle East, Brenda has a strong international orientation.
Brenda holds a BA and MA in Economics from the University of Amsterdam and professional coaching training from CTI’s Co-Active Coach® Training Program, The Leadership Practices Inventory® (LPI) Coach program and the Presence-Based Coaching® program.