Business Budgeting Made Simple
Class types
Class types
About this course
Budgeting doesn’t have to be complicated. It is a skill every business professional can master.This program helps participants understand how to plan, track, and manage money effectively without getting lost in spreadsheets or complex financial terms. Through relatable examples, simple templates, and practical exercises, participants will learn how to use budgets as a decision-making tool to control costs, make smart spending choices, and achieve business goals.
Who should attend?
- Non-finance managers, supervisors, team leaders
- SME owners or entrepreneurs without finance background
- Staff involved in planning, purchasing, or administration
- Anyone wanting to take control of the “money plan” in the business
Learning Outcomes
By the end of this program, participants will be able to:
- Understand the role of budgeting in achieving business success.
- Create and manage a simple business budget.
- Identify and plan for major cost categories and income streams.
- Monitor budget performance and make timely adjustments.
- Use budget data to improve efficiency and profitability.
- Avoid common budgeting mistakes that hurt financial performance.
Program Duration
- 2 Days (14 Hours Total)
- Day 1 –
- Day 2 –
Course Content
Module 1: Why Budgeting Matters in Your Role
Objective:
Content & Activities:
- How budgeting supports every department’s goals
- Common budget mistakes in businesses (real examples)
- The “cause and effect” link between planning and financial outcomes
Module 2: Building a Simple Business Budget
Objective:
Content & Activities:
- Key components: income, fixed costs, variable costs
- How to set realistic financial targets
- Using a budget template to get started
Module 3: Understanding & Tracking Budget Performance
Objective:
Content & Activities:
- Comparing actual vs. planned figures
- Spotting early warning signs and variances
- Quick methods to review numbers even if you dislike maths
Module 4: Hands-On in Creating Your First Budget
Objective:
Content & Activities:
- Group activity with a sample business scenario
- Drafting a basic budget using provided template
- Sharing and discussing results
Module 5: Controlling Costs & Avoiding Overspending
Objective:
Content & Activities:
- Why budget discipline matters
- Strategies to manage costs effectively
- Avoiding the trap of over- and under-spending
Module 6: Using Budgets for Decision-Making
Objective:
Content & Activities:
- How budgets guide resource allocation
- Turning budget data into actionable insights
- Knowing when to adjust the plan
Module 7: Practical Simulation: Budget Challenge
Objective:
Content & Activities:
- Participants act as managers in budget-based scenarios
- Making decisions based on budget impact
- Group discussion and key takeaways
Certification
Participants will receive a Richworks Academy Certificate of Completion for Business Budgeting Made Simple upon successfully completing the session.
