EditorialsBy Matt Bud, Chairman, The FENG

Just in time budgeting

From our daily member newsletter on April 4, 2017

One of the many concepts I learned when I worked for a large corporation (that will go nameless) was “just in time budgeting.” When I worked for this firm I thought it was a bad idea, but as life has gone by, I have come to appreciate some of its finer qualities and applicability. You see, they never seemed to get around to finishing the annual budget process at this firm, so, each month’s actual was just assumed to be “budget.” The beauty of the approach, of course, was that there were never any variances. No variances, and therefore, nothing to explain. The applicability to job search is the whole concept of the unnecessary expectations we set for ourselves. What [ Read more… ]

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