From the course: Video Budgeting
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The dos and don'ts of budgeting
- In my years of running my own companies, I've learned quite a few dos and don'ts in how you prepare, and present a budget. Here's my top five. Do present your budget in writing. Don't give your budget verbally. See memory is a funny thing when it comes to an agreed upon budget. Always present your budget in writing, so there's absolutely no question on what you and your client agreed upon. I like presenting the budget on company letter head, but even an e-mail has everything in writing. Do present your client a concise budget. Don't present a long, meandering budget with too much detail. See the budget you create for yourself should be fully line itemized, with lots of details. However, the budget you present to your client should be in a clean, concise manner, that is easy for your client to understand. A budget that shows every little detail can be confusing, and even frustrating, especially to corporate clients. When it comes to presenting a budget, unless a line item budget is…
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