{"version":"1.0.0","segments":[{"speaker":"Stephen McLain","startTime":5.52,"endTime":7.35,"body":"Do you look"},{"speaker":"Stephen McLain","startTime":5.52,"endTime":7.35,"body":"forward to your annual budget"},{"speaker":"Stephen McLain","startTime":7.35,"endTime":10.86,"body":"development process? Or do you"},{"speaker":"Stephen McLain","startTime":7.35,"endTime":10.86,"body":"want to run from it every year?"},{"speaker":"Stephen McLain","startTime":11.19,"endTime":14.22,"body":"A successful budget development"},{"speaker":"Stephen McLain","startTime":11.19,"endTime":14.22,"body":"cycle begins with clearly"},{"speaker":"Stephen McLain","startTime":14.22,"endTime":18.48,"body":"communicated expectations and"},{"speaker":"Stephen McLain","startTime":14.22,"endTime":18.48,"body":"coherently executed leadership."},{"speaker":"Stephen McLain","startTime":18.9,"endTime":21.78,"body":"You must partner with other"},{"speaker":"Stephen McLain","startTime":18.9,"endTime":21.78,"body":"leaders to minimize conflict,"},{"speaker":"Stephen McLain","startTime":22.11,"endTime":26.25,"body":"meet senior leader guidance and"},{"speaker":"Stephen McLain","startTime":22.11,"endTime":26.25,"body":"deliver a budget plan that is on"},{"speaker":"Stephen McLain","startTime":26.25,"endTime":30.33,"body":"target and make sense and share"},{"speaker":"Stephen McLain","startTime":26.25,"endTime":30.33,"body":"you apply the strategy to the"},{"speaker":"Stephen McLain","startTime":30.33,"endTime":34.47,"body":"budget development process to"},{"speaker":"Stephen McLain","startTime":30.33,"endTime":34.47,"body":"prioritize and maximize the"},{"speaker":"Stephen McLain","startTime":34.47,"endTime":38.73,"body":"committed resources. Please"},{"speaker":"Stephen McLain","startTime":34.47,"endTime":38.73,"body":"enjoy the episode. Welcome to"},{"speaker":"Stephen McLain","startTime":38.73,"endTime":41.79,"body":"the finance leader podcast where"},{"speaker":"Stephen McLain","startTime":38.73,"endTime":41.79,"body":"leadership is bigger than the"},{"speaker":"Stephen McLain","startTime":41.79,"endTime":46.17,"body":"numbers. I am your host, Stephen"},{"speaker":"Stephen McLain","startTime":41.79,"endTime":46.17,"body":"McLean. This is the podcast for"},{"speaker":"Stephen McLain","startTime":46.17,"endTime":50.25,"body":"developing leaders in finance"},{"speaker":"Stephen McLain","startTime":46.17,"endTime":50.25,"body":"and accounting. Please consider"},{"speaker":"Stephen McLain","startTime":50.25,"endTime":53.34,"body":"following me on Twitter,"},{"speaker":"Stephen McLain","startTime":50.25,"endTime":53.34,"body":"Facebook, Instagram and"},{"speaker":"Stephen McLain","startTime":53.34,"endTime":57.54,"body":"LinkedIn. My usernames and the"},{"speaker":"Stephen McLain","startTime":53.34,"endTime":57.54,"body":"links are in this episode's show"},{"speaker":"Stephen McLain","startTime":57.54,"endTime":61.74,"body":"notes. And also, please join the"},{"speaker":"Stephen McLain","startTime":57.54,"endTime":61.74,"body":"Facebook group I have for this"},{"speaker":"Stephen McLain","startTime":61.74,"endTime":63.84,"body":"podcast community. Thank you."},{"speaker":"Stephen McLain","startTime":64.5,"endTime":68.19,"body":"This is episode number 95. And"},{"speaker":"Stephen McLain","startTime":64.5,"endTime":68.19,"body":"I'll be talking about leading"},{"speaker":"Stephen McLain","startTime":68.19,"endTime":71.4,"body":"during the annual budget"},{"speaker":"Stephen McLain","startTime":68.19,"endTime":71.4,"body":"process, and I will highlight"},{"speaker":"Stephen McLain","startTime":71.4,"endTime":75.45,"body":"the following topics. Number one"},{"speaker":"Stephen McLain","startTime":71.4,"endTime":75.45,"body":"link the budget requirements to"},{"speaker":"Stephen McLain","startTime":75.45,"endTime":79.98,"body":"the Strategy number two,"},{"speaker":"Stephen McLain","startTime":75.45,"endTime":79.98,"body":"communicate expectations early"},{"speaker":"Stephen McLain","startTime":80.01,"endTime":84.63,"body":"clearly and often. Number three,"},{"speaker":"Stephen McLain","startTime":80.01,"endTime":84.63,"body":"ensure your budgeting tools meet"},{"speaker":"Stephen McLain","startTime":84.63,"endTime":90.12,"body":"your needs. Four have a conflict"},{"speaker":"Stephen McLain","startTime":84.63,"endTime":90.12,"body":"resolution process in place, and"},{"speaker":"Stephen McLain","startTime":90.12,"endTime":93.84,"body":"five develop an effective"},{"speaker":"Stephen McLain","startTime":90.12,"endTime":93.84,"body":"partnership across the company."},{"speaker":"Stephen McLain","startTime":94.26,"endTime":98.52,"body":"Author Michael Porter said the"},{"speaker":"Stephen McLain","startTime":94.26,"endTime":98.52,"body":"essence of strategy is choosing"},{"speaker":"Stephen McLain","startTime":98.55,"endTime":102.54,"body":"what not to do. I am excited to"},{"speaker":"Stephen McLain","startTime":98.55,"endTime":102.54,"body":"talk about the topic this week."},{"speaker":"Stephen McLain","startTime":102.54,"endTime":105.96,"body":"Because I spent many years in"},{"speaker":"Stephen McLain","startTime":102.54,"endTime":105.96,"body":"budgeting and resource"},{"speaker":"Stephen McLain","startTime":105.96,"endTime":109.95,"body":"management. It's work that is my"},{"speaker":"Stephen McLain","startTime":105.96,"endTime":109.95,"body":"heart and soul. A budget may"},{"speaker":"Stephen McLain","startTime":109.95,"endTime":113.34,"body":"seem like a list of items and"},{"speaker":"Stephen McLain","startTime":109.95,"endTime":113.34,"body":"funding amounts. But it is more"},{"speaker":"Stephen McLain","startTime":113.34,"endTime":116.7,"body":"than that a budget may seem"},{"speaker":"Stephen McLain","startTime":113.34,"endTime":116.7,"body":"restrictive, but it really"},{"speaker":"Stephen McLain","startTime":116.7,"endTime":121.29,"body":"isn't. A budget is about"},{"speaker":"Stephen McLain","startTime":116.7,"endTime":121.29,"body":"prioritizing Choices, choices"},{"speaker":"Stephen McLain","startTime":121.29,"endTime":125.1,"body":"about what you can do with the"},{"speaker":"Stephen McLain","startTime":121.29,"endTime":125.1,"body":"resources you have. A budget"},{"speaker":"Stephen McLain","startTime":125.1,"endTime":129.33,"body":"represents possibilities and"},{"speaker":"Stephen McLain","startTime":125.1,"endTime":129.33,"body":"opportunities within a strategic"},{"speaker":"Stephen McLain","startTime":129.33,"endTime":133.17,"body":"framework. It's a plan that"},{"speaker":"Stephen McLain","startTime":129.33,"endTime":133.17,"body":"helps your organization get a"},{"speaker":"Stephen McLain","startTime":133.17,"endTime":137.01,"body":"little closer to achieving its"},{"speaker":"Stephen McLain","startTime":133.17,"endTime":137.01,"body":"long term goal. And that is a"},{"speaker":"Stephen McLain","startTime":137.01,"endTime":140.7,"body":"very exciting. This week, I am"},{"speaker":"Stephen McLain","startTime":137.01,"endTime":140.7,"body":"talking about developing the"},{"speaker":"Stephen McLain","startTime":140.7,"endTime":144.78,"body":"annual budget which means a"},{"speaker":"Stephen McLain","startTime":140.7,"endTime":144.78,"body":"fight for limited resources"},{"speaker":"Stephen McLain","startTime":144.81,"endTime":147.66,"body":"where every department head"},{"speaker":"Stephen McLain","startTime":144.81,"endTime":147.66,"body":"wants and believes they need"},{"speaker":"Stephen McLain","startTime":147.66,"endTime":151.65,"body":"more money. A successful budget"},{"speaker":"Stephen McLain","startTime":147.66,"endTime":151.65,"body":"process requires clear and"},{"speaker":"Stephen McLain","startTime":151.65,"endTime":156.12,"body":"constant communication. begin"},{"speaker":"Stephen McLain","startTime":151.65,"endTime":156.12,"body":"communicating expectations early"},{"speaker":"Stephen McLain","startTime":156.36,"endTime":160.38,"body":"and teach and guide department"},{"speaker":"Stephen McLain","startTime":156.36,"endTime":160.38,"body":"heads plus those who will input"},{"speaker":"Stephen McLain","startTime":160.38,"endTime":164.28,"body":"the budget on what the guidance"},{"speaker":"Stephen McLain","startTime":160.38,"endTime":164.28,"body":"is in what to do to plan"},{"speaker":"Stephen McLain","startTime":164.28,"endTime":167.61,"body":"effective targets and"},{"speaker":"Stephen McLain","startTime":164.28,"endTime":167.61,"body":"requirements. If you are on an"},{"speaker":"Stephen McLain","startTime":167.61,"endTime":170.76,"body":"FPN a team, this is the time in"},{"speaker":"Stephen McLain","startTime":167.61,"endTime":170.76,"body":"the year that you get to endure"},{"speaker":"Stephen McLain","startTime":170.76,"endTime":174.03,"body":"conflicts more than ever,"},{"speaker":"Stephen McLain","startTime":170.76,"endTime":174.03,"body":"because it's about trying to"},{"speaker":"Stephen McLain","startTime":174.03,"endTime":177.96,"body":"meet a strategy within a set"},{"speaker":"Stephen McLain","startTime":174.03,"endTime":177.96,"body":"amount of resources. Depending"},{"speaker":"Stephen McLain","startTime":177.96,"endTime":181.71,"body":"upon your company's situation."},{"speaker":"Stephen McLain","startTime":177.96,"endTime":181.71,"body":"Of course, any discussion of"},{"speaker":"Stephen McLain","startTime":181.71,"endTime":184.95,"body":"developing the budget must"},{"speaker":"Stephen McLain","startTime":181.71,"endTime":184.95,"body":"include a review of how strategy"},{"speaker":"Stephen McLain","startTime":184.95,"endTime":189.57,"body":"applies to this concept. We need"},{"speaker":"Stephen McLain","startTime":184.95,"endTime":189.57,"body":"a top level mission and vision"},{"speaker":"Stephen McLain","startTime":189.81,"endTime":193.41,"body":"for the business because we need"},{"speaker":"Stephen McLain","startTime":189.81,"endTime":193.41,"body":"to know what we are doing and"},{"speaker":"Stephen McLain","startTime":193.41,"endTime":197.19,"body":"where we are going. We need a"},{"speaker":"Stephen McLain","startTime":193.41,"endTime":197.19,"body":"SWOT analysis that is our"},{"speaker":"Stephen McLain","startTime":197.19,"endTime":201.42,"body":"strengths or weaknesses, or"},{"speaker":"Stephen McLain","startTime":197.19,"endTime":201.42,"body":"opportunities in our threats."},{"speaker":"Stephen McLain","startTime":201.87,"endTime":204.9,"body":"And we need to know how the"},{"speaker":"Stephen McLain","startTime":201.87,"endTime":204.9,"body":"strategy is developed, which"},{"speaker":"Stephen McLain","startTime":204.9,"endTime":208.38,"body":"means how we are structured,"},{"speaker":"Stephen McLain","startTime":204.9,"endTime":208.38,"body":"what products and services we"},{"speaker":"Stephen McLain","startTime":208.38,"endTime":212.7,"body":"offer, what markets we compete"},{"speaker":"Stephen McLain","startTime":208.38,"endTime":212.7,"body":"in, what is our long term goal?"},{"speaker":"Stephen McLain","startTime":212.91,"endTime":216.69,"body":"And what resources do we have"},{"speaker":"Stephen McLain","startTime":212.91,"endTime":216.69,"body":"and how will these resources be"},{"speaker":"Stephen McLain","startTime":216.69,"endTime":219.9,"body":"prioritized? Though I do not"},{"speaker":"Stephen McLain","startTime":216.69,"endTime":219.9,"body":"want to get too technical in"},{"speaker":"Stephen McLain","startTime":219.9,"endTime":223.17,"body":"this discussion, we do need to"},{"speaker":"Stephen McLain","startTime":219.9,"endTime":223.17,"body":"talk about the basic methods of"},{"speaker":"Stephen McLain","startTime":223.17,"endTime":226.53,"body":"budgeting. One is the more"},{"speaker":"Stephen McLain","startTime":223.17,"endTime":226.53,"body":"traditional method, which is to"},{"speaker":"Stephen McLain","startTime":226.53,"endTime":230.91,"body":"use your current year's budget"},{"speaker":"Stephen McLain","startTime":226.53,"endTime":230.91,"body":"and last year's actuals. To use"},{"speaker":"Stephen McLain","startTime":230.91,"endTime":235.11,"body":"as a starting point. I do like"},{"speaker":"Stephen McLain","startTime":230.91,"endTime":235.11,"body":"to use last year's actuals since"},{"speaker":"Stephen McLain","startTime":235.11,"endTime":238.62,"body":"you will have an entire year's"},{"speaker":"Stephen McLain","startTime":235.11,"endTime":238.62,"body":"worth of data to pull. But for"},{"speaker":"Stephen McLain","startTime":238.62,"endTime":242.13,"body":"the current year, you may not"},{"speaker":"Stephen McLain","startTime":238.62,"endTime":242.13,"body":"know yet where you will land"},{"speaker":"Stephen McLain","startTime":242.16,"endTime":246.12,"body":"with a on target, or maybe"},{"speaker":"Stephen McLain","startTime":242.16,"endTime":246.12,"body":"slightly above or below, but"},{"speaker":"Stephen McLain","startTime":246.12,"endTime":249.18,"body":"current year must be considered"},{"speaker":"Stephen McLain","startTime":246.12,"endTime":249.18,"body":"too, you should be able to pull"},{"speaker":"Stephen McLain","startTime":249.18,"endTime":252.99,"body":"actuals and maybe variances for"},{"speaker":"Stephen McLain","startTime":249.18,"endTime":252.99,"body":"possibly two to three quarters,"},{"speaker":"Stephen McLain","startTime":253.32,"endTime":257.31,"body":"depending on where you begin."},{"speaker":"Stephen McLain","startTime":253.32,"endTime":257.31,"body":"The other common method is zero"},{"speaker":"Stephen McLain","startTime":257.31,"endTime":260.85,"body":"based budgeting where we of"},{"speaker":"Stephen McLain","startTime":257.31,"endTime":260.85,"body":"course start from zero. The"},{"speaker":"Stephen McLain","startTime":260.85,"endTime":263.85,"body":"benefit of that will be more"},{"speaker":"Stephen McLain","startTime":260.85,"endTime":263.85,"body":"accurate budget that is based on"},{"speaker":"Stephen McLain","startTime":263.85,"endTime":267.75,"body":"strategic requirements. You"},{"speaker":"Stephen McLain","startTime":263.85,"endTime":267.75,"body":"build and align every dollar"},{"speaker":"Stephen McLain","startTime":267.75,"endTime":271.86,"body":"starting at zero and matched to"},{"speaker":"Stephen McLain","startTime":267.75,"endTime":271.86,"body":"this year's goals. To be"},{"speaker":"Stephen McLain","startTime":271.86,"endTime":276.03,"body":"effective a zero based budget"},{"speaker":"Stephen McLain","startTime":271.86,"endTime":276.03,"body":"must have a thorough review and"},{"speaker":"Stephen McLain","startTime":276.03,"endTime":279.93,"body":"analysis of the prior year's"},{"speaker":"Stephen McLain","startTime":276.03,"endTime":279.93,"body":"execution. The new budget will"},{"speaker":"Stephen McLain","startTime":279.93,"endTime":283.74,"body":"be based on specific goals,"},{"speaker":"Stephen McLain","startTime":279.93,"endTime":283.74,"body":"targets and anything that needs"},{"speaker":"Stephen McLain","startTime":283.74,"endTime":287.25,"body":"to be improved. This method may"},{"speaker":"Stephen McLain","startTime":283.74,"endTime":287.25,"body":"be more time consuming because"},{"speaker":"Stephen McLain","startTime":287.25,"endTime":291.3,"body":"it will require more analysis,"},{"speaker":"Stephen McLain","startTime":287.25,"endTime":291.3,"body":"discussion and leadership to"},{"speaker":"Stephen McLain","startTime":291.3,"endTime":294.72,"body":"arrive at the appropriate"},{"speaker":"Stephen McLain","startTime":291.3,"endTime":294.72,"body":"resourcing levels in each"},{"speaker":"Stephen McLain","startTime":294.72,"endTime":298.74,"body":"category and line item. We"},{"speaker":"Stephen McLain","startTime":294.72,"endTime":298.74,"body":"always desire to get everything"},{"speaker":"Stephen McLain","startTime":298.74,"endTime":302.43,"body":"we want in the budget But we"},{"speaker":"Stephen McLain","startTime":298.74,"endTime":302.43,"body":"have to prioritize and maximize"},{"speaker":"Stephen McLain","startTime":302.79,"endTime":305.67,"body":"what we have to achieve the"},{"speaker":"Stephen McLain","startTime":302.79,"endTime":305.67,"body":"targets within our strategic"},{"speaker":"Stephen McLain","startTime":305.67,"endTime":310.08,"body":"plan. Budgeting many times"},{"speaker":"Stephen McLain","startTime":305.67,"endTime":310.08,"body":"involves trades or offsets,"},{"speaker":"Stephen McLain","startTime":310.44,"endTime":313.77,"body":"meaning if someone wants to"},{"speaker":"Stephen McLain","startTime":310.44,"endTime":313.77,"body":"increase the budget in one area,"},{"speaker":"Stephen McLain","startTime":314.07,"endTime":317.61,"body":"then you must find a bill payer"},{"speaker":"Stephen McLain","startTime":314.07,"endTime":317.61,"body":"in another area. So the net"},{"speaker":"Stephen McLain","startTime":317.61,"endTime":320.76,"body":"effect is zero to the overall"},{"speaker":"Stephen McLain","startTime":317.61,"endTime":320.76,"body":"budget. This requires"},{"speaker":"Stephen McLain","startTime":320.76,"endTime":324.9,"body":"communication, and leadership to"},{"speaker":"Stephen McLain","startTime":320.76,"endTime":324.9,"body":"make all parties happy, you may"},{"speaker":"Stephen McLain","startTime":324.9,"endTime":328.74,"body":"need to commit future funds to"},{"speaker":"Stephen McLain","startTime":324.9,"endTime":328.74,"body":"make up for cuts in the upcoming"},{"speaker":"Stephen McLain","startTime":328.74,"endTime":333.39,"body":"budget. And effective process"},{"speaker":"Stephen McLain","startTime":328.74,"endTime":333.39,"body":"begins and ends with open and"},{"speaker":"Stephen McLain","startTime":333.39,"endTime":337.08,"body":"constant communication. The CFO"},{"speaker":"Stephen McLain","startTime":333.39,"endTime":337.08,"body":"should be issuing budget"},{"speaker":"Stephen McLain","startTime":337.08,"endTime":340.68,"body":"guidance with targets and also"},{"speaker":"Stephen McLain","startTime":337.08,"endTime":340.68,"body":"be discussing the upcoming goals"},{"speaker":"Stephen McLain","startTime":341.01,"endTime":344.73,"body":"and priorities and where we"},{"speaker":"Stephen McLain","startTime":341.01,"endTime":344.73,"body":"expect our budget planning to"},{"speaker":"Stephen McLain","startTime":344.73,"endTime":347.85,"body":"land as it relates to the"},{"speaker":"Stephen McLain","startTime":344.73,"endTime":347.85,"body":"comparison to the year of"},{"speaker":"Stephen McLain","startTime":347.85,"endTime":351.24,"body":"execution. What are the"},{"speaker":"Stephen McLain","startTime":347.85,"endTime":351.24,"body":"priorities for next year?"},{"speaker":"Stephen McLain","startTime":351.27,"endTime":355.08,"body":"What projects are we adding?"},{"speaker":"Stephen McLain","startTime":351.27,"endTime":355.08,"body":"Which ones are we dropping? And"},{"speaker":"Stephen McLain","startTime":355.08,"endTime":358.62,"body":"where will we be going in the"},{"speaker":"Stephen McLain","startTime":355.08,"endTime":358.62,"body":"next three to five years. This"},{"speaker":"Stephen McLain","startTime":358.62,"endTime":361.56,"body":"should translate into how each"},{"speaker":"Stephen McLain","startTime":358.62,"endTime":361.56,"body":"department's budget should look"},{"speaker":"Stephen McLain","startTime":361.56,"endTime":365.37,"body":"like. So make sure we issue"},{"speaker":"Stephen McLain","startTime":361.56,"endTime":365.37,"body":"specific guidance to each budget"},{"speaker":"Stephen McLain","startTime":365.37,"endTime":369.81,"body":"holder on where their budget"},{"speaker":"Stephen McLain","startTime":365.37,"endTime":369.81,"body":"should align to. Also the annual"},{"speaker":"Stephen McLain","startTime":369.81,"endTime":373.35,"body":"budget process will always"},{"speaker":"Stephen McLain","startTime":369.81,"endTime":373.35,"body":"involve conflict. How do you"},{"speaker":"Stephen McLain","startTime":373.35,"endTime":377.31,"body":"work through this conflict? A"},{"speaker":"Stephen McLain","startTime":373.35,"endTime":377.31,"body":"budget represents choices and"},{"speaker":"Stephen McLain","startTime":377.31,"endTime":381.15,"body":"priorities, and not everyone"},{"speaker":"Stephen McLain","startTime":377.31,"endTime":381.15,"body":"will be happy. That's why I"},{"speaker":"Stephen McLain","startTime":381.15,"endTime":384.81,"body":"mentioned communication is so"},{"speaker":"Stephen McLain","startTime":381.15,"endTime":384.81,"body":"important. Each department head"},{"speaker":"Stephen McLain","startTime":384.84,"endTime":389.13,"body":"or budget account holder has to"},{"speaker":"Stephen McLain","startTime":384.84,"endTime":389.13,"body":"prioritize their own budget, and"},{"speaker":"Stephen McLain","startTime":389.13,"endTime":392.73,"body":"also meet the budget guidance"},{"speaker":"Stephen McLain","startTime":389.13,"endTime":392.73,"body":"and targets issued by the CFO."},{"speaker":"Stephen McLain","startTime":393.15,"endTime":396.96,"body":"But how do you resolve this? I"},{"speaker":"Stephen McLain","startTime":393.15,"endTime":396.96,"body":"will talk more about this later."},{"speaker":"Stephen McLain","startTime":397.44,"endTime":400.68,"body":"I have been through many budget"},{"speaker":"Stephen McLain","startTime":397.44,"endTime":400.68,"body":"cycles. It begins with a plan."},{"speaker":"Stephen McLain","startTime":401.25,"endTime":404.58,"body":"Where do we want to go? And how"},{"speaker":"Stephen McLain","startTime":401.25,"endTime":404.58,"body":"should we use the resources we"},{"speaker":"Stephen McLain","startTime":404.58,"endTime":408.54,"body":"have to get there? We don't have"},{"speaker":"Stephen McLain","startTime":404.58,"endTime":408.54,"body":"unlimited resources. So we need"},{"speaker":"Stephen McLain","startTime":408.54,"endTime":412.74,"body":"to prioritize? What do we look"},{"speaker":"Stephen McLain","startTime":408.54,"endTime":412.74,"body":"like now in terms of capability"},{"speaker":"Stephen McLain","startTime":413.04,"endTime":416.76,"body":"our offers and how we meet the"},{"speaker":"Stephen McLain","startTime":413.04,"endTime":416.76,"body":"needs of our customers? How do"},{"speaker":"Stephen McLain","startTime":416.76,"endTime":420.54,"body":"we create value within that"},{"speaker":"Stephen McLain","startTime":416.76,"endTime":420.54,"body":"framework? Now let's talk about"},{"speaker":"Stephen McLain","startTime":420.54,"endTime":424.02,"body":"using leadership during the"},{"speaker":"Stephen McLain","startTime":420.54,"endTime":424.02,"body":"annual budget process. Number"},{"speaker":"Stephen McLain","startTime":424.02,"endTime":427.8,"body":"one, link the budget"},{"speaker":"Stephen McLain","startTime":424.02,"endTime":427.8,"body":"requirements to the strategy. A"},{"speaker":"Stephen McLain","startTime":427.8,"endTime":431.37,"body":"direct product of strategy"},{"speaker":"Stephen McLain","startTime":427.8,"endTime":431.37,"body":"development is a budget to show"},{"speaker":"Stephen McLain","startTime":431.37,"endTime":434.67,"body":"where we will commit our"},{"speaker":"Stephen McLain","startTime":431.37,"endTime":434.67,"body":"resources. We can't fund"},{"speaker":"Stephen McLain","startTime":434.67,"endTime":438.63,"body":"everything unless you somehow"},{"speaker":"Stephen McLain","startTime":434.67,"endTime":438.63,"body":"have unlimited resources, which"},{"speaker":"Stephen McLain","startTime":438.63,"endTime":442.26,"body":"is very unrealistic. So we have"},{"speaker":"Stephen McLain","startTime":438.63,"endTime":442.26,"body":"to make choices and then"},{"speaker":"Stephen McLain","startTime":442.26,"endTime":446.01,"body":"prioritize them. We must"},{"speaker":"Stephen McLain","startTime":442.26,"endTime":446.01,"body":"prioritize our projects in our"},{"speaker":"Stephen McLain","startTime":446.01,"endTime":449.94,"body":"efforts to where will we commit"},{"speaker":"Stephen McLain","startTime":446.01,"endTime":449.94,"body":"our dollars, our time our"},{"speaker":"Stephen McLain","startTime":449.94,"endTime":454.38,"body":"facilities and equipment and our"},{"speaker":"Stephen McLain","startTime":449.94,"endTime":454.38,"body":"team. How we do this will result"},{"speaker":"Stephen McLain","startTime":454.38,"endTime":458.73,"body":"in success, failure or just"},{"speaker":"Stephen McLain","startTime":454.38,"endTime":458.73,"body":"everyday mediocrity. Your budget"},{"speaker":"Stephen McLain","startTime":458.76,"endTime":461.73,"body":"must have some meaning behind"},{"speaker":"Stephen McLain","startTime":458.76,"endTime":461.73,"body":"it. Every line item in your"},{"speaker":"Stephen McLain","startTime":461.73,"endTime":465.72,"body":"budget should contribute to the"},{"speaker":"Stephen McLain","startTime":461.73,"endTime":465.72,"body":"strategy and to creating value."},{"speaker":"Stephen McLain","startTime":466.11,"endTime":469.89,"body":"Your requirements should fit the"},{"speaker":"Stephen McLain","startTime":466.11,"endTime":469.89,"body":"priorities of the organization."},{"speaker":"Stephen McLain","startTime":470.46,"endTime":473.43,"body":"We also need to anticipate what"},{"speaker":"Stephen McLain","startTime":470.46,"endTime":473.43,"body":"may be necessary to ready"},{"speaker":"Stephen McLain","startTime":473.43,"endTime":476.76,"body":"ourselves for something in the"},{"speaker":"Stephen McLain","startTime":473.43,"endTime":476.76,"body":"future. A budget will always"},{"speaker":"Stephen McLain","startTime":476.76,"endTime":480.9,"body":"represent possibilities, how can"},{"speaker":"Stephen McLain","startTime":476.76,"endTime":480.9,"body":"we maximize our resources to"},{"speaker":"Stephen McLain","startTime":480.9,"endTime":484.77,"body":"create something great, and that"},{"speaker":"Stephen McLain","startTime":480.9,"endTime":484.77,"body":"is why I love budgets. It's the"},{"speaker":"Stephen McLain","startTime":484.77,"endTime":488.31,"body":"possibilities of what you can do"},{"speaker":"Stephen McLain","startTime":484.77,"endTime":488.31,"body":"when you prioritize what you"},{"speaker":"Stephen McLain","startTime":488.31,"endTime":493.05,"body":"have. Number two, communicate"},{"speaker":"Stephen McLain","startTime":488.31,"endTime":493.05,"body":"expectations early clearly. And"},{"speaker":"Stephen McLain","startTime":493.05,"endTime":497.04,"body":"often. A key component of the"},{"speaker":"Stephen McLain","startTime":493.05,"endTime":497.04,"body":"budget process is to communicate"},{"speaker":"Stephen McLain","startTime":497.04,"endTime":500.67,"body":"expectations. And do this often"},{"speaker":"Stephen McLain","startTime":497.04,"endTime":500.67,"body":"and not just in the budget"},{"speaker":"Stephen McLain","startTime":500.67,"endTime":504.51,"body":"process. But with every action"},{"speaker":"Stephen McLain","startTime":500.67,"endTime":504.51,"body":"we move forward on and every"},{"speaker":"Stephen McLain","startTime":504.51,"endTime":508.2,"body":"task we undertake. While you are"},{"speaker":"Stephen McLain","startTime":504.51,"endTime":508.2,"body":"developing the budget and budget"},{"speaker":"Stephen McLain","startTime":508.2,"endTime":511.77,"body":"holders are submitting their"},{"speaker":"Stephen McLain","startTime":508.2,"endTime":511.77,"body":"line items. Do a review and ask"},{"speaker":"Stephen McLain","startTime":511.77,"endTime":515.25,"body":"the team to review for anything"},{"speaker":"Stephen McLain","startTime":511.77,"endTime":515.25,"body":"that doesn't quite make sense or"},{"speaker":"Stephen McLain","startTime":515.25,"endTime":519.06,"body":"doesn't meet guidance. Have the"},{"speaker":"Stephen McLain","startTime":515.25,"endTime":519.06,"body":"conversation if necessary to"},{"speaker":"Stephen McLain","startTime":519.06,"endTime":523.02,"body":"align with the expectations and"},{"speaker":"Stephen McLain","startTime":519.06,"endTime":523.02,"body":"make the changes. Be involved in"},{"speaker":"Stephen McLain","startTime":523.02,"endTime":526.5,"body":"the process. Do the reviews in"},{"speaker":"Stephen McLain","startTime":523.02,"endTime":526.5,"body":"the middle of the process too."},{"speaker":"Stephen McLain","startTime":526.74,"endTime":530.01,"body":"And give updates across"},{"speaker":"Stephen McLain","startTime":526.74,"endTime":530.01,"body":"leadership to continue to align"},{"speaker":"Stephen McLain","startTime":530.25,"endTime":533.67,"body":"what is expected to what is"},{"speaker":"Stephen McLain","startTime":530.25,"endTime":533.67,"body":"being produced. This is"},{"speaker":"Stephen McLain","startTime":533.67,"endTime":537.21,"body":"leadership, we are trying to"},{"speaker":"Stephen McLain","startTime":533.67,"endTime":537.21,"body":"align expectations with the"},{"speaker":"Stephen McLain","startTime":537.21,"endTime":540.48,"body":"needs of the organization."},{"speaker":"Stephen McLain","startTime":537.21,"endTime":540.48,"body":"Number three and share your"},{"speaker":"Stephen McLain","startTime":540.48,"endTime":543.54,"body":"budgeting tools meet your needs."},{"speaker":"Stephen McLain","startTime":540.48,"endTime":543.54,"body":"I have a few quick thoughts"},{"speaker":"Stephen McLain","startTime":543.54,"endTime":546.36,"body":"about your budget tools. There"},{"speaker":"Stephen McLain","startTime":543.54,"endTime":546.36,"body":"are many budgeting tools"},{"speaker":"Stephen McLain","startTime":546.39,"endTime":549.78,"body":"commercially available I have"},{"speaker":"Stephen McLain","startTime":546.39,"endTime":549.78,"body":"used many of them. Your"},{"speaker":"Stephen McLain","startTime":549.78,"endTime":554.1,"body":"budgeting tools must be easy to"},{"speaker":"Stephen McLain","startTime":549.78,"endTime":554.1,"body":"use, and be flexible, be visual,"},{"speaker":"Stephen McLain","startTime":554.1,"endTime":557.97,"body":"if possible, and provide"},{"speaker":"Stephen McLain","startTime":554.1,"endTime":557.97,"body":"insights such as variances that"},{"speaker":"Stephen McLain","startTime":557.97,"endTime":561.63,"body":"may be out of tolerance. Your"},{"speaker":"Stephen McLain","startTime":557.97,"endTime":561.63,"body":"tool should not create more work"},{"speaker":"Stephen McLain","startTime":561.63,"endTime":565.53,"body":"to navigate. Ask those who use"},{"speaker":"Stephen McLain","startTime":561.63,"endTime":565.53,"body":"it to critique it. We want"},{"speaker":"Stephen McLain","startTime":565.53,"endTime":569.07,"body":"something powerful but not"},{"speaker":"Stephen McLain","startTime":565.53,"endTime":569.07,"body":"cumbersome and difficult to use."},{"speaker":"Stephen McLain","startTime":569.22,"endTime":572.97,"body":"Number four have a conflict"},{"speaker":"Stephen McLain","startTime":569.22,"endTime":572.97,"body":"resolution process in place."},{"speaker":"Stephen McLain","startTime":573.15,"endTime":575.67,"body":"What happens when a budget"},{"speaker":"Stephen McLain","startTime":573.15,"endTime":575.67,"body":"request doesn't align with"},{"speaker":"Stephen McLain","startTime":575.67,"endTime":579.63,"body":"expectations or an account"},{"speaker":"Stephen McLain","startTime":575.67,"endTime":579.63,"body":"holder insists on committing"},{"speaker":"Stephen McLain","startTime":579.63,"endTime":583.92,"body":"funds? That does not make sense"},{"speaker":"Stephen McLain","startTime":579.63,"endTime":583.92,"body":"in the next year? Well, first we"},{"speaker":"Stephen McLain","startTime":583.92,"endTime":587.43,"body":"need to figure out why. So we"},{"speaker":"Stephen McLain","startTime":583.92,"endTime":587.43,"body":"have a conversation and then try"},{"speaker":"Stephen McLain","startTime":587.43,"endTime":590.97,"body":"to find some common ground. We"},{"speaker":"Stephen McLain","startTime":587.43,"endTime":590.97,"body":"do often have to spend money for"},{"speaker":"Stephen McLain","startTime":590.97,"endTime":594.51,"body":"something in the future that may"},{"speaker":"Stephen McLain","startTime":590.97,"endTime":594.51,"body":"not initially line up with the"},{"speaker":"Stephen McLain","startTime":594.51,"endTime":597.54,"body":"present priorities of the"},{"speaker":"Stephen McLain","startTime":594.51,"endTime":597.54,"body":"organization. This happens"},{"speaker":"Stephen McLain","startTime":597.57,"endTime":600.84,"body":"often. I would hope that"},{"speaker":"Stephen McLain","startTime":597.57,"endTime":600.84,"body":"conversation would occur at the"},{"speaker":"Stephen McLain","startTime":600.84,"endTime":605.52,"body":"senior level, depending upon the"},{"speaker":"Stephen McLain","startTime":600.84,"endTime":605.52,"body":"magnitude of the request. Small"},{"speaker":"Stephen McLain","startTime":605.52,"endTime":608.19,"body":"amounts are not a worry, but if"},{"speaker":"Stephen McLain","startTime":605.52,"endTime":608.19,"body":"we are looking at committing a"},{"speaker":"Stephen McLain","startTime":608.19,"endTime":611.64,"body":"significant amount of resources"},{"speaker":"Stephen McLain","startTime":608.19,"endTime":611.64,"body":"on a project that is not"},{"speaker":"Stephen McLain","startTime":611.64,"endTime":615.15,"body":"approved yet, then we need to"},{"speaker":"Stephen McLain","startTime":611.64,"endTime":615.15,"body":"figure out a compromise and make"},{"speaker":"Stephen McLain","startTime":615.15,"endTime":619.5,"body":"note of it. I always believe in"},{"speaker":"Stephen McLain","startTime":615.15,"endTime":619.5,"body":"getting buy in very early and to"},{"speaker":"Stephen McLain","startTime":619.5,"endTime":622.92,"body":"not have surprises as we are"},{"speaker":"Stephen McLain","startTime":619.5,"endTime":622.92,"body":"developing next year's budget."},{"speaker":"Stephen McLain","startTime":623.43,"endTime":627.0,"body":"If we do decide to move forward,"},{"speaker":"Stephen McLain","startTime":623.43,"endTime":627.0,"body":"we may need to find an offset"},{"speaker":"Stephen McLain","startTime":627.0,"endTime":630.69,"body":"somewhere maybe even in the"},{"speaker":"Stephen McLain","startTime":627.0,"endTime":630.69,"body":"requesters budget, or we need to"},{"speaker":"Stephen McLain","startTime":630.69,"endTime":633.45,"body":"develop a longer plan of"},{"speaker":"Stephen McLain","startTime":630.69,"endTime":633.45,"body":"execution to spread out the"},{"speaker":"Stephen McLain","startTime":633.45,"endTime":637.56,"body":"project. This may involve senior"},{"speaker":"Stephen McLain","startTime":633.45,"endTime":637.56,"body":"leaders to decide having"},{"speaker":"Stephen McLain","startTime":637.56,"endTime":640.83,"body":"expectations and communicating"},{"speaker":"Stephen McLain","startTime":637.56,"endTime":640.83,"body":"them often is critical to a"},{"speaker":"Stephen McLain","startTime":640.83,"endTime":644.4,"body":"smooth budget development"},{"speaker":"Stephen McLain","startTime":640.83,"endTime":644.4,"body":"process, have the mid process"},{"speaker":"Stephen McLain","startTime":644.4,"endTime":649.77,"body":"reviews and call out out of"},{"speaker":"Stephen McLain","startTime":644.4,"endTime":649.77,"body":"tolerance variances. Number five"},{"speaker":"Stephen McLain","startTime":649.8,"endTime":653.64,"body":"develop an effective partnership"},{"speaker":"Stephen McLain","startTime":649.8,"endTime":653.64,"body":"across the company. The annual"},{"speaker":"Stephen McLain","startTime":653.64,"endTime":656.07,"body":"budget process requires"},{"speaker":"Stephen McLain","startTime":653.64,"endTime":656.07,"body":"effective leadership and"},{"speaker":"Stephen McLain","startTime":656.07,"endTime":659.31,"body":"communication. I will always"},{"speaker":"Stephen McLain","startTime":656.07,"endTime":659.31,"body":"advocate for partnering with"},{"speaker":"Stephen McLain","startTime":659.31,"endTime":662.88,"body":"leaders across the organization."},{"speaker":"Stephen McLain","startTime":659.31,"endTime":662.88,"body":"Some people avoid this because"},{"speaker":"Stephen McLain","startTime":662.88,"endTime":665.91,"body":"they feel it may be more"},{"speaker":"Stephen McLain","startTime":662.88,"endTime":665.91,"body":"difficult to say no. When you"},{"speaker":"Stephen McLain","startTime":665.91,"endTime":668.64,"body":"get close to people so they"},{"speaker":"Stephen McLain","startTime":665.91,"endTime":668.64,"body":"avoid the unnecessary"},{"speaker":"Stephen McLain","startTime":668.64,"endTime":672.9,"body":"discussions. I feel the opposite"},{"speaker":"Stephen McLain","startTime":668.64,"endTime":672.9,"body":"is true. Because we can create"},{"speaker":"Stephen McLain","startTime":672.9,"endTime":676.44,"body":"opportunities to shape the"},{"speaker":"Stephen McLain","startTime":672.9,"endTime":676.44,"body":"future and achieve the vision"},{"speaker":"Stephen McLain","startTime":676.44,"endTime":680.13,"body":"and strategy together."},{"speaker":"Stephen McLain","startTime":676.44,"endTime":680.13,"body":"Leadership is about creating an"},{"speaker":"Stephen McLain","startTime":680.13,"endTime":683.67,"body":"influencing more positive"},{"speaker":"Stephen McLain","startTime":680.13,"endTime":683.67,"body":"outcomes. The more conversations"},{"speaker":"Stephen McLain","startTime":683.67,"endTime":686.61,"body":"you have about these topics, the"},{"speaker":"Stephen McLain","startTime":683.67,"endTime":686.61,"body":"more barriers you break down,"},{"speaker":"Stephen McLain","startTime":686.94,"endTime":690.12,"body":"the more communication you have."},{"speaker":"Stephen McLain","startTime":686.94,"endTime":690.12,"body":"You figure out where people are"},{"speaker":"Stephen McLain","startTime":690.12,"endTime":693.63,"body":"motivated and how you can help"},{"speaker":"Stephen McLain","startTime":690.12,"endTime":693.63,"body":"them achieve their goals. And"},{"speaker":"Stephen McLain","startTime":693.63,"endTime":697.95,"body":"they can help you achieve yours"},{"speaker":"Stephen McLain","startTime":693.63,"endTime":697.95,"body":"a win win solution and culture."},{"speaker":"Stephen McLain","startTime":698.34,"endTime":701.28,"body":"Let's not get stuck in"},{"speaker":"Stephen McLain","startTime":698.34,"endTime":701.28,"body":"department silos, expand your"},{"speaker":"Stephen McLain","startTime":701.28,"endTime":705.12,"body":"network and expand your reach to"},{"speaker":"Stephen McLain","startTime":701.28,"endTime":705.12,"body":"influence those positive"},{"speaker":"Stephen McLain","startTime":705.12,"endTime":707.49,"body":"outcomes. Now for action today,"},{"speaker":"Stephen McLain","startTime":707.73,"endTime":711.36,"body":"how does your organization"},{"speaker":"Stephen McLain","startTime":707.73,"endTime":711.36,"body":"develop its annual budget? Do"},{"speaker":"Stephen McLain","startTime":711.36,"endTime":714.45,"body":"you use a more traditional"},{"speaker":"Stephen McLain","startTime":711.36,"endTime":714.45,"body":"method or maybe a zero based"},{"speaker":"Stephen McLain","startTime":714.45,"endTime":718.08,"body":"budget? No matter which method I"},{"speaker":"Stephen McLain","startTime":714.45,"endTime":718.08,"body":"do recommend that you set"},{"speaker":"Stephen McLain","startTime":718.08,"endTime":721.47,"body":"expectations early. If you have"},{"speaker":"Stephen McLain","startTime":718.08,"endTime":721.47,"body":"a role in the development"},{"speaker":"Stephen McLain","startTime":721.47,"endTime":725.37,"body":"process, communicate early and"},{"speaker":"Stephen McLain","startTime":721.47,"endTime":725.37,"body":"often and ensure there are no"},{"speaker":"Stephen McLain","startTime":725.37,"endTime":729.21,"body":"surprises and work across the"},{"speaker":"Stephen McLain","startTime":725.37,"endTime":729.21,"body":"company. So you have a method to"},{"speaker":"Stephen McLain","startTime":729.21,"endTime":732.78,"body":"work out conflicts, the budget"},{"speaker":"Stephen McLain","startTime":729.21,"endTime":732.78,"body":"process can become a daily fight"},{"speaker":"Stephen McLain","startTime":732.78,"endTime":736.62,"body":"for future resources. So be"},{"speaker":"Stephen McLain","startTime":732.78,"endTime":736.62,"body":"ready to exercise leadership to"},{"speaker":"Stephen McLain","startTime":736.62,"endTime":740.16,"body":"arrive at a budget that makes"},{"speaker":"Stephen McLain","startTime":736.62,"endTime":740.16,"body":"sense regarding strategy and for"},{"speaker":"Stephen McLain","startTime":740.16,"endTime":743.79,"body":"creating value. Don't forget to"},{"speaker":"Stephen McLain","startTime":740.16,"endTime":743.79,"body":"grab my free guide for you"},{"speaker":"Stephen McLain","startTime":743.79,"endTime":747.0,"body":"called the leadership growth"},{"speaker":"Stephen McLain","startTime":743.79,"endTime":747.0,"body":"blueprint for finance and"},{"speaker":"Stephen McLain","startTime":747.0,"endTime":749.76,"body":"accounting managers. Are you a"},{"speaker":"Stephen McLain","startTime":747.0,"endTime":749.76,"body":"finance or accounting"},{"speaker":"Stephen McLain","startTime":749.76,"endTime":753.39,"body":"professional who is also leading"},{"speaker":"Stephen McLain","startTime":749.76,"endTime":753.39,"body":"people, but have questions about"},{"speaker":"Stephen McLain","startTime":753.39,"endTime":756.84,"body":"how to lead more effectively. I"},{"speaker":"Stephen McLain","startTime":753.39,"endTime":756.84,"body":"know you are expected to be the"},{"speaker":"Stephen McLain","startTime":756.84,"endTime":760.32,"body":"technical expert in our field."},{"speaker":"Stephen McLain","startTime":756.84,"endTime":760.32,"body":"Learning leadership can set you"},{"speaker":"Stephen McLain","startTime":760.32,"endTime":763.53,"body":"apart from your peers, which can"},{"speaker":"Stephen McLain","startTime":760.32,"endTime":763.53,"body":"then lead you to more"},{"speaker":"Stephen McLain","startTime":763.53,"endTime":767.28,"body":"opportunities. In the free guide"},{"speaker":"Stephen McLain","startTime":763.53,"endTime":767.28,"body":"I talked about three leadership"},{"speaker":"Stephen McLain","startTime":767.28,"endTime":771.93,"body":"areas communication, team"},{"speaker":"Stephen McLain","startTime":767.28,"endTime":771.93,"body":"development and empowerment."},{"speaker":"Stephen McLain","startTime":772.26,"endTime":774.87,"body":"Plus a few recommendations"},{"speaker":"Stephen McLain","startTime":772.26,"endTime":774.87,"body":"around challenges with the"},{"speaker":"Stephen McLain","startTime":774.87,"endTime":778.59,"body":"financial systems you are using"},{"speaker":"Stephen McLain","startTime":774.87,"endTime":778.59,"body":"to complete your work. The link"},{"speaker":"Stephen McLain","startTime":778.59,"endTime":782.61,"body":"to this free guide is in the"},{"speaker":"Stephen McLain","startTime":778.59,"endTime":782.61,"body":"post or the bio. You can also go"},{"speaker":"Stephen McLain","startTime":782.61,"endTime":786.3,"body":"to Finance leader academy.com."},{"speaker":"Stephen McLain","startTime":782.61,"endTime":786.3,"body":"To download it. Please use the"},{"speaker":"Stephen McLain","startTime":786.3,"endTime":790.08,"body":"guide to help you with a few"},{"speaker":"Stephen McLain","startTime":786.3,"endTime":790.08,"body":"leadership wins today. Thank"},{"speaker":"Stephen McLain","startTime":790.08,"endTime":793.56,"body":"you. So today I talked about"},{"speaker":"Stephen McLain","startTime":790.08,"endTime":793.56,"body":"using leadership during the"},{"speaker":"Stephen McLain","startTime":793.56,"endTime":796.32,"body":"annual budget process and I"},{"speaker":"Stephen McLain","startTime":793.56,"endTime":796.32,"body":"highlighted the following"},{"speaker":"Stephen McLain","startTime":796.32,"endTime":799.71,"body":"points. Number one link the"},{"speaker":"Stephen McLain","startTime":796.32,"endTime":799.71,"body":"budget requirements to the"},{"speaker":"Stephen McLain","startTime":799.71,"endTime":804.9,"body":"Strategy number two, communicate"},{"speaker":"Stephen McLain","startTime":799.71,"endTime":804.9,"body":"expectations early, clearly and"},{"speaker":"Stephen McLain","startTime":804.9,"endTime":809.07,"body":"often. Number three, ensure your"},{"speaker":"Stephen McLain","startTime":804.9,"endTime":809.07,"body":"budgeting tools meet your needs."},{"speaker":"Stephen McLain","startTime":809.43,"endTime":813.36,"body":"Number four have a conflict"},{"speaker":"Stephen McLain","startTime":809.43,"endTime":813.36,"body":"resolution process in place, and"},{"speaker":"Stephen McLain","startTime":813.36,"endTime":816.66,"body":"five develop an effective"},{"speaker":"Stephen McLain","startTime":813.36,"endTime":816.66,"body":"partnership across the company."},{"speaker":"Stephen McLain","startTime":816.9,"endTime":819.39,"body":"Our annual budget process"},{"speaker":"Stephen McLain","startTime":816.9,"endTime":819.39,"body":"requires a leadership"},{"speaker":"Stephen McLain","startTime":819.39,"endTime":822.72,"body":"perspective and emphasis. You"},{"speaker":"Stephen McLain","startTime":819.39,"endTime":822.72,"body":"must lead during the annual"},{"speaker":"Stephen McLain","startTime":822.72,"endTime":825.75,"body":"exercise to ensure that the"},{"speaker":"Stephen McLain","startTime":822.72,"endTime":825.75,"body":"final budget matches the"},{"speaker":"Stephen McLain","startTime":825.75,"endTime":829.26,"body":"priorities and guidance of the"},{"speaker":"Stephen McLain","startTime":825.75,"endTime":829.26,"body":"senior leadership and will help"},{"speaker":"Stephen McLain","startTime":829.26,"endTime":833.01,"body":"deliver the strategy and create"},{"speaker":"Stephen McLain","startTime":829.26,"endTime":833.01,"body":"value. Budgets represent"},{"speaker":"Stephen McLain","startTime":833.01,"endTime":837.06,"body":"possibilities. We are committing"},{"speaker":"Stephen McLain","startTime":833.01,"endTime":837.06,"body":"resources to our vision, our"},{"speaker":"Stephen McLain","startTime":837.06,"endTime":841.26,"body":"goals and our strategy. Well"},{"speaker":"Stephen McLain","startTime":837.06,"endTime":841.26,"body":"this episode wraps up season 11."},{"speaker":"Stephen McLain","startTime":841.44,"endTime":845.01,"body":"It was a short season, which I"},{"speaker":"Stephen McLain","startTime":841.44,"endTime":845.01,"body":"expect to be doing each summer"},{"speaker":"Stephen McLain","startTime":845.01,"endTime":848.64,"body":"going forward. Because this"},{"speaker":"Stephen McLain","startTime":845.01,"endTime":848.64,"body":"gives me an opportunity to focus"},{"speaker":"Stephen McLain","startTime":848.64,"endTime":852.3,"body":"better on delivering topics and"},{"speaker":"Stephen McLain","startTime":848.64,"endTime":852.3,"body":"the three longer seasons which"},{"speaker":"Stephen McLain","startTime":852.3,"endTime":855.72,"body":"are at the beginning of the"},{"speaker":"Stephen McLain","startTime":852.3,"endTime":855.72,"body":"year, the spring, and then the"},{"speaker":"Stephen McLain","startTime":855.72,"endTime":859.53,"body":"fall right before the holiday"},{"speaker":"Stephen McLain","startTime":855.72,"endTime":859.53,"body":"season begins. I really enjoyed"},{"speaker":"Stephen McLain","startTime":859.53,"endTime":862.38,"body":"this shorter summer podcast"},{"speaker":"Stephen McLain","startTime":859.53,"endTime":862.38,"body":"season where I applied"},{"speaker":"Stephen McLain","startTime":862.38,"endTime":866.76,"body":"leadership to a few more"},{"speaker":"Stephen McLain","startTime":862.38,"endTime":866.76,"body":"technical topics. I am planning"},{"speaker":"Stephen McLain","startTime":866.76,"endTime":870.39,"body":"to do the same next summer too."},{"speaker":"Stephen McLain","startTime":866.76,"endTime":870.39,"body":"In the upcoming fall podcast"},{"speaker":"Stephen McLain","startTime":870.39,"endTime":873.99,"body":"season which will begin"},{"speaker":"Stephen McLain","startTime":870.39,"endTime":873.99,"body":"September 27. I plan to talk"},{"speaker":"Stephen McLain","startTime":873.99,"endTime":878.46,"body":"about productivity tips, the"},{"speaker":"Stephen McLain","startTime":873.99,"endTime":878.46,"body":"benefits of life coaching more"},{"speaker":"Stephen McLain","startTime":878.46,"endTime":882.48,"body":"on strategy and budgeting and"},{"speaker":"Stephen McLain","startTime":878.46,"endTime":882.48,"body":"using LinkedIn to just highlight"},{"speaker":"Stephen McLain","startTime":882.48,"endTime":885.99,"body":"a few I can't wait to share."},{"speaker":"Stephen McLain","startTime":882.48,"endTime":885.99,"body":"Please continue to develop your"},{"speaker":"Stephen McLain","startTime":885.99,"endTime":890.04,"body":"leadership and to create value."},{"speaker":"Stephen McLain","startTime":885.99,"endTime":890.04,"body":"When you combine these two areas"},{"speaker":"Stephen McLain","startTime":890.07,"endTime":893.52,"body":"you will make a difference which"},{"speaker":"Stephen McLain","startTime":890.07,"endTime":893.52,"body":"will translate into career"},{"speaker":"Stephen McLain","startTime":893.55,"endTime":896.22,"body":"opportunities. I hope you"},{"speaker":"Stephen McLain","startTime":893.55,"endTime":896.22,"body":"enjoyed the finance leader"},{"speaker":"Stephen McLain","startTime":896.22,"endTime":899.25,"body":"podcast I am dedicated to"},{"speaker":"Stephen McLain","startTime":896.22,"endTime":899.25,"body":"helping you grow your leadership"},{"speaker":"Stephen McLain","startTime":899.25,"endTime":902.34,"body":"skills you To change your"},{"speaker":"Stephen McLain","startTime":899.25,"endTime":902.34,"body":"mindset and to clarify your"},{"speaker":"Stephen McLain","startTime":902.34,"endTime":905.34,"body":"goals so you advance your"},{"speaker":"Stephen McLain","startTime":902.34,"endTime":905.34,"body":"career. You can find this"},{"speaker":"Stephen McLain","startTime":905.34,"endTime":909.33,"body":"episode wherever you listen to"},{"speaker":"Stephen McLain","startTime":905.34,"endTime":909.33,"body":"podcasts. If this episode helps"},{"speaker":"Stephen McLain","startTime":909.33,"endTime":912.6,"body":"you today, please share and"},{"speaker":"Stephen McLain","startTime":909.33,"endTime":912.6,"body":"leave a quick review so that"},{"speaker":"Stephen McLain","startTime":912.6,"endTime":916.26,"body":"others may find a podcast. Until"},{"speaker":"Stephen McLain","startTime":912.6,"endTime":916.26,"body":"next time, you can check out"},{"speaker":"Stephen McLain","startTime":916.26,"endTime":920.16,"body":"more resources and finance"},{"speaker":"Stephen McLain","startTime":916.26,"endTime":920.16,"body":"leader academy.com and sign up"},{"speaker":"Stephen McLain","startTime":920.16,"endTime":922.86,"body":"for my weekly updates so you"},{"speaker":"Stephen McLain","startTime":920.16,"endTime":922.86,"body":"don't miss an episode of the"},{"speaker":"Stephen McLain","startTime":922.86,"endTime":926.97,"body":"podcast. And now Gallade your"},{"speaker":"Stephen McLain","startTime":922.86,"endTime":926.97,"body":"team and I'll see you next time."},{"speaker":"Stephen McLain","startTime":927.06,"endTime":927.63,"body":"Thank you"}]}