Budgeting is a reality check on your plans and ambitions. It allows you to convert your strategy into a financial plan creating a road map to financial success. Not budgeting sets your organization up to several potential financial problems down the road including restricting possible growth. Budgeting enables your strategic planning process by reviewing its affordability. During planning, you will be able to determine the potential profitability and resource requirements of your strategy. Your budget will help in decision making including the affordability of hiring new staff, purchasing new plant...