{"id":106,"date":"2011-06-12T15:35:13","date_gmt":"2011-06-12T15:35:13","guid":{"rendered":"http:\/\/www.wensmedia.com\/\/salesarchive\/permalink\/2011\/6\/12\/113513.html"},"modified":"2011-06-12T15:35:13","modified_gmt":"2011-06-12T15:35:13","slug":"budgets-vs-targets","status":"publish","type":"post","link":"https:\/\/www.ensmediausa.com\/ens-on-sales\/uncategorized\/budgets-vs-targets\/","title":{"rendered":"Budgets Vs Targets"},"content":{"rendered":"<p><b><span style=\"font-family: Tahoma; font-size: 18pt\">Budgets Versus Targets<\/span><\/b><\/p>\n<div style=\"margin: 0in 0in 0pt\">&nbsp;<span style=\"font-family: Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All the signs are there&hellip;.our economy is slowly on the rise. I&rsquo;m reading stories about things like a projected 8.7% increase in advertising this year, and talking to happier media people every day.<\/span><\/div>\n<div style=\"margin: 0in 0in 0pt\"><span style=\"font-family: Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Many of the stations I&rsquo;m talking to are telling me they&rsquo;ve hit budget three months in a row. But when someone tells me they are consistently at 100 or 101% of budget, I often wonder if they&rsquo;d still be at budget if the budget was higher. I think they would. <\/span><\/div>\n<div style=\"margin: 0in 0in 0pt\"><span style=\"font-family: Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Many of our budgets were set during less optimistic times. And the problem I see today is not that we are setting our targets too high and missing them, but that we are setting our targets too low and hitting them!<\/span><\/div>\n<div style=\"margin: 0in 0in 0pt\"><span style=\"font-family: Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If you set a 5% increase in your budget, but the market is up 8%, you&rsquo;re actually falling behind.<\/span><\/div>\n<div style=\"margin: 0in 0in 0pt\"><span style=\"font-family: Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Budgets are usually set for accounting purposes, and keeping them low helps keep our costs low as well. But there should be a difference between your budget and your target.<\/span><\/div>\n<div style=\"margin: 0in 0in 0pt\"><span style=\"font-family: Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Targets can be a great motivational tool to push people to new heights beyond their comfort zones. Targets need to be fluid, not fixed like budgets, to ensure maximum performance and productivity. See the &lsquo;Even Eagles Need a Push&rsquo; three-minute video at this link;<\/span><\/div>\n<div style=\"margin: 0in 0in 0pt\"><a href=\"http:\/\/www.eaglesneedapush.com\/?cm_mmc=CheetahMail-_-Customers-_-01.24.11-_-EENPMovie&amp;utm_source=CheetahMail&amp;utm_campaign=EENPmovieCust\"><font face=\"Arial\">http:\/\/www.eaglesneedapush.com\/?cm_mmc=CheetahMail-_-Customers-_-01.24.11-_-EENPMovie&amp;utm_source=CheetahMail&amp;utm_campaign=EENPmovieCust<\/font><\/a><font face=\"Arial\"> &nbsp;<\/font><\/div>\n<div style=\"margin: 0in 0in 0pt\"><span><font face=\"Arial\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/font><\/span><span style=\"font-family: Tahoma\">The thrill of soaring can be greater than the fear of falling.<\/span><\/div>\n<div style=\"margin: 0in 0in 0pt\">&nbsp;<\/div>\n<div style=\"margin: 0in 0in 0pt\"><span style=\"font-family: Tahoma\">Randy&rsquo;s What If; What if you had additional incentives for achieving realistic targets that pushed your people beyond your budgets?<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Budgets Versus Targets &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All the signs are there&hellip;.our economy is slowly on the rise. I&rsquo;m reading stories about things like a projected 8.7% increase in advertising this year, and talking to happier media people every day. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Many of the stations I&rsquo;m talking to are telling me they&rsquo;ve hit budget three months in a [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-106","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.ensmediausa.com\/ens-on-sales\/wp-json\/wp\/v2\/posts\/106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ensmediausa.com\/ens-on-sales\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ensmediausa.com\/ens-on-sales\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ensmediausa.com\/ens-on-sales\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ensmediausa.com\/ens-on-sales\/wp-json\/wp\/v2\/comments?post=106"}],"version-history":[{"count":0,"href":"https:\/\/www.ensmediausa.com\/ens-on-sales\/wp-json\/wp\/v2\/posts\/106\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ensmediausa.com\/ens-on-sales\/wp-json\/wp\/v2\/media?parent=106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ensmediausa.com\/ens-on-sales\/wp-json\/wp\/v2\/categories?post=106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ensmediausa.com\/ens-on-sales\/wp-json\/wp\/v2\/tags?post=106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}