“Budgets are like making sausages; it is better not to see them made,” noted Otto von Bismarck, the Iron Chancellor. (As the man who combined the many German principalities into a unified nation, he was an effective manager if ever there was one.) No one enjoys the budgeting process, but it’s something that must be done. If done well, it’s worth the effort.
In October 2011, Lab Manager Magazine conducted a survey of managers to learn about some of the details of their laboratory budget processes. Slightly more than 95 percent of the respondents were responsible for the budgets in their laboratory.
To read the full, original article click on this link: Budgeting 101 - Lab Manager Magazine®
