Displaying items by tag: budgeting

One of the most frustrating things is to sit in on a C-Suite meeting and hear the lofty strategic goals presented for the company and for cybersecurity only to have them torn to pieces when you explain what those goals will actually take and cost. The sticker shock that comes from understanding the moving pieces of a “Risk Intolerant” stance can be amusing, but in the end, it is more of an annoyance than anything. So, with that in mind I am going to discuss how to turn breakdown strategic goals into realistic tactical and logistical steps. I will not be focusing on anything specific but will follow some common guidelines and practices that can help bride the gap between ideals and reality It might also help inform future strategic statements by understanding the moving pieces involved in making them.

Published in Editorials

One of the things that has always confused me is how often a business will look at and spend on revenue generating and very little on revenue maintenance. Every budget year you see money thrown at expansion, new tools or software that bring in more money and I get it. You have to earn to keep the lights on. However, you also need to ensure that you can keep what you earn. Think about it like this, if you have a business and it only takes cash you would not just leave the cash laying around for anyone to take. No, you would invest in a secure place like a safe to keep it. This concept also involves modern “digital” businesses, but we just are not seeing them spend any money on the safe.

Published in Editorials