Budgeting is a very important component of every business, yet it is often overlooked. Dr. Paul J. Pavlik has seen this problem as a businessman and an analyst of healthcare practices and other entrepreneurial businesses. Giving fresh insights, Dr. Pavlik talks about something that has never been discussed – the importance of financial acumen to creating a disruptive business. He believes that a business must be salable at any point in time, therefore it is important to know the numbers. He also touches on the need for leaders to have financial reports in order to have a forward view. This executive forecasting helps answers the two important questions of today’s business: “what if” and “what next.” Dr. Pavlik shares an approach that will help put together the budget and the forecast.
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