Empowerment: Teach budgeting skills to empower staff

Budgeting is an important skill for people to become proficient at. Very few people you hire will be trained in budgeting. Budgets that are inaccurate, inflated or purposely understated are counterproductive. People spend a lot of organizational time and resources on bud-geting. Invest upfront in teaching people how to effectively budget and manage from budgets. Budgeting will become an empowering tool.

Related Best Practices

• Accounting System
• Cost Controls
• Cash flow problem
• Employee Training

Author

The author of this page is Terry Gardiner

Terry Gardiner is the founder and President of Silver Lining Seafoods and NorQuest Seafoods - a medium-size Alaska seafood processing company; and currently a Board member of the Anvil Corporation, an employee-owned company specializing in oil and gas engineering.

His co-operative experiences include member director of the Commercial Fishermen Co-operative association; creation of legislation for the Alaska Commercial Fishing and Agriculture Bank; and advisor to the US Dept of Health and Social Services for the state Health CO-OPs.

Terry served ten years as a member of the Alaska House of Representatives -several legislative committee chairmanships, Speaker of the House, Chairman of the Alaska Criminal Code Commission and board member on various state and federal boards and commissions.

His non-profit experiences include National Policy Director for the Small Business Majority in Washington DC; working with the Herndon Alliance and ForTerra.

Terry authored the leadership book, "Six-Word Lessons to Build Effective Leaders: 100 Lessons to Equip Your People to Create Winning Organizations".

For more check: Terry Gardiner Long bio