Get Out the Green Eyeshades: Budget Season Looms

Every year we go through the process of setting the next year’s marketing budget.

Even though we know it’s coming, we are seldom prepared. As a result, the budgeting process becomes a defensive scramble to justify spend, and often the way it’s approached is to open this year’s budget spreadsheet and click on “File/Save As” to create next year’s template.

Besides the fact that the document you just copied is probably not an accurate reflection of spend to date, just re-spinning last year’s model isn’t going to help drive your marketing organization to greater levels of efficiency and effectiveness.

Here are a few suggestions for getting the budgeting process off to a better start

The Red Queen Economy, Running in Place Faster

The Red Queen gets an undeservedly bad rap in most modern theatrical presentations.

Remember though, she is still a queen, able to move in any direction over the entire surface of the chess board, and despite all this talk of running in place, she is there at the end to celebrate Alice’s own promotion to queen as she reaches the edge of the board. This treadmill economy won’t last forever, and with proper preparation, you may even be able to step off yourself before the rest of your industry catches on.