Scott Peeples

The exercise of thinking through what will be required before beginning a project (i.e., counting the cost) is pretty ancient wisdom, it's not just about estimating expenses either; it can end up shaping the strategy of the whole company.

The obvious consequence of failing to make a budget is the increased probability of running out of resources to meet your objective-, like ending up with a half-built house, track your cash flow and adjust your budgets every quarter. Learn from the numbers.