Simplify your lab life in 2019 using 4 categories.
Breaking down your lab management process can help to conserve mental energy and further save you time and money. You become less reactive and you become more proactive by organizing your workflow.
What is a budget? What does a budget mean to you?
The word “budget” is also much too associated with negative meanings for startups, entrepreneurs, or innovative discoveries. It doesn’t take much experience to know that these exploratory ventures usually entail a large deal of “waste” from the necessary trial and error required to succeed. This strategy, however, tends to be a nightmare for accounting or financial administrators whose job is to create balanced books and sustainable practices for the business/institutes.
Trouble keeping track of your expenses? Use a bookkeeping software.
Budgets can help you understand fixed costs, like salaries and maintenance contracts. However, everyone in science knows that the variable costs associated with research are as predictable as the hypothesis itself. Therefore, to understand what those variables are, and to predict them, requires collecting the financial data associated with the science. It requires us to be able to separate those costs relative to the projects and operations.