How do you manage when your budget keeps getting cut, but the expectations don’t?
You need to support 30 percent more products or customers and your budget is flat or down.
The level of quality demanded is higher.
The business is more complex. But you have less money…
It’s important to remember:
That is not what your job is. Your job is to do great stuff no matter what the budget.
If you walk around saying “I can’t do as much as I did last year because my budget is smaller” you are putting a bulls-eye on your chest. The most effective leaders don’t worry about how much money they don’t have and how much harder the job is, they just get to work making the right, few things happen.
The goal is not to do “More with Less”. More with less just doesn’t work.
Just piling more work on with less resources and telling everyone to deal with it, is not a formula for success.
At one point in my career I had to cut my annual budget from $140M to $60M. The details are not necessary. That is a cut! My mantra became “we are going to do LESS with LESS”!
I learned that when you are faced with less budget you need to do less stuff, but you need to make sure what you do now, is better stuff than what you used to do!
That’s where the leadership comes in. Here is when you personally need to step up to drive change.
It’s about challenging yourself and your team to do things in new and different ways to achieve better results with the same or fewer resources. This is what I refer to as “Better with Less“.
Your job as a leader is to find a way forward when expectations don’t match resources.
It is to find different ways of working that accomplish more. It is to:
So many managers get into the mode of trying to take on everything without enough budget, and don’t think of making cuts on their own unless they are forced to do so from above.
You need to step up and take the ownership and initiative to make cuts to make room for the most important stuff, whether or not you are asked to do so.
Avoid across the board cuts.
Another sign of whether you are doing your job as a leader is that some things get less money and some things get more money.
This shows you have chosen things to emphasize to drive the business, and that they will succeed because they are well funded. If everything gets cut equally, you are not doing your job.
For more ideas see Better with Less.
Working from home, it's easy to fill up every moment of your day doing something…
I am noticing something interesting in the pandemic about communicating. There is great disparity between…
Remember, Great isn't Cheap I see leaders setting themselves up for failure and credibility loss…
This month the topic in my Executive Mentoring Group is: Selling Your ideas. In my…
Reflecting on my own career, it struck me what an advantage it was that I…
Feeling remote and invisible During the pandemic, I've had a lot of questions from people…
