Creating a Budget
Budget control checklist 5. Collect and source information
Contact and consult any parties which may influence or impact the budget creation process, and do a final check against your practice’s objectives and targets, to ensure they align. Ensure you do final checks on all external and internal factors, which may have a bearing on your practice’s performance, and then ask yourself the following important questions:
Am I clear about strategic objectives and what their impact is?
Have I accurately forecast the number of people to meet the objectives?
Are there likely or can I foresee any future changes?
Am i clear about the income?
Am I clear about the outgoings?
Are there any upcoming factors which may have significant implications on the budget?
Future Practice Owner.
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