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.