Andrew Robison, Petrus president, is back on this week's epidsode of the Petrus Development Show! Andrew and Rhen spend their time together discussing the all-important topic of budgeting. While budgeting may not seem like a terribly excting interview topic, Andrew and Rhen outline why the budgeting process can be transformational for your development office.
In this episode, Andrew and Rhen answer the following questions:
- Why should you spend time on the budgeting process?
- What is the budeting prcoess? How do you set numbers for income and expenses?
- If you're a new development office, what is reasonable expected growth for your first few years?
- Do you have specific estimates for expected growth over the years?
- What is a good expenses to income ratio for a development office?
- What kind of spreadsheet tool can you use to assist with budgeting?
As Rhen mentions at the end of the episode, Petrus is offering free access to our recommended budgeting template. If you'd like to receive this resource, please click
here for more information.
