Today there was a scenario that reminded me how when you have a multimillion-dollar project at hand usually people would hire a bunch of people to take care of various departments with a set budget. However, I normal circumstances companies would be weary of keeping people after say eight hours as the overtime pay can really eat into a budget. But in this case they really didn\u2019t think too much of as they were just keeping everyone around it seems which meant a financial hit. However, they had the budget so they didn\u2019t really care.<\/p>\n
That\u2019s always a bad mentality to have as your financial habit such as spending money simply because you still have some left in the bank account. That\u2019s usually a quick way to debt. How would you solve this as a large company where you can\u2019t exactly micro manage everything while relying on the expertise of others? I suppose one common way is to attach some kind of incentive for people to perform better with less spending. Example, a bigger bonus for those who do so.<\/p>\n
The other way of course is to give a very strict budget to begin with to the point where you have no flexibility to overspend in the same way on how a startup would have to mange their funds carefully. You have to learn to maintain your wealth once you have it as well.<\/p>\n","protected":false},"excerpt":{"rendered":"
Today there was a scenario that reminded me how when you have a multimillion-dollar project at hand usually people would hire a bunch of people to take care of various departments with a set budget. However, I normal circumstances companies would be weary of keeping people after say eight hours as the overtime pay can […]<\/p>\n","protected":false},"author":1,"featured_media":17742,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[828],"class_list":["post-17944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-budget"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2025\/05\/area.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-4Fq","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/17944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=17944"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/17944\/revisions"}],"predecessor-version":[{"id":17945,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/17944\/revisions\/17945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/17742"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=17944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=17944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=17944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}