Finance expert Mike Periu on how to Budget-Oriented Culture in Your Business.
Create a budget-friendly business for your employees.
Early stage businesses govern their operations more by vision than by a budget. This makes sense, because without a track record it’s difficult to develop a credible budget. But over time as the business expands, it needs structure to grow successfully.
If your employees are not accustomed to working with a budget, it could lead to culture shock and the false impression that you are stifling growth or becoming too stodgy. That’s why its important to shape your company’s culture early on to accept budgets and related controls. First make sure that key employees are familiar with financial statements and how their decisions impact them. Next teach employees how budgeting works, emphasizing that they are flexible and will adapt as the business requires.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
A little about Mike Periu
Periu founded Proximo, LLC nearly 15 years ago. The company provides small business education and training services with an emphasis on finance and technology.
Periu teaches empowerment through entrepreneurship and economic opportunity. He regularly appears on television and radio talking about these subjects.
Periu also writes for leading blogs about finance. These include: American Express OpenForum, Yahoo! Finanzas and the Huffington Post.
Periu studied Finance and International Business at Georgetown University. He is a Board member at the Council for Economic Education.
