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Doing the Budget Boogie?

Posted by on in Silver Lining Telecom
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Recently, I was talking to a friend and colleague who was stressed out because he was working on budgets for next year.He’s an IT/Telecom executive at a large corporation, and he was under pressure to reduce expenses but didn’t know where he could realistically make cuts without compromising vital services or projects.As we talked, it became clear that he felt he had no choice but to simply show projected reductions in hardware, software and ongoing telecom expenses that may or may not happen and then simply hope for the best outcome next year.

We joked about him doing the “Budget Boogie” as I told him that his approach reminded me of the lyric to a song by a band we both like named Little Feat.The song’s title is “Old Folks Boogie,” and the lyric goes like this, “And you know that you're over the hill when your mind makes a promise that your body can't fill.” 

Normally, I would have offered to help since my company specializes in reducing Telecom spending, but we had recently completed a project for his firm and knew there wasn't much room for further reductions. I did give him some “pointers” that would help to further manage the company's wireless expenses, but I knew these would result in relatively small additional savings.

Now, with this being that time of year for finalizing annual budgets, I'm wondering how many other managers and executives are out there dealing with the same type of concerns and pressures and doing their own version of the “Budget Boogie?”  I’d like to know if you or others you know have found yourselves in this situation.  Of course, my firm would be “Willin” to help in any way possible.

 

 

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