Welcome to Mandator Tools. I'm Mark Horsman, one of the co-founders here. Due to coronavirus, we thought it would be helpful for us to re-release some

casts that address problems that you may now be facing in your professional or managerial life.

We have topics like phone one-on-ones and distance management, for those of you who are being

asked or encouraged to

telecommute and much more.

What's more, we're releasing these casts daily

over the next several days.

We didn't want you to have to go back through our archive and find things that might be relevant. We've already done that search for you. We hope this helps and if you need help, reach out to us. Good luck in the days, weeks and months ahead. We're rooting for you.

Welcome to Manager Tools. Today's cast, part two of our series are on Race Don't Chase.

And if you haven't listened to the first part,

well, you know what to do.

Go back to last week and listen to that first. Okay. Okay, next

next turn the list is know your budget every month. Yeah, I mean you know we I think

we've already said it we've already suggested so But you know what I find we do better in these things when we separate the interval or the timing or the duration from the actual behavior. But you're right. We're just highlighting the point we've already done. Budgets are usually managed monthly.

That means every effective manager, every month,

does not rely on their sense of the month.

They don't rely on their gut about spending versus revenues.

They don't assume that the month has 30 days because not all of them do.

They review in detail every line item on the budget, every single one.

We don't have time in this cast to teach variances but that's

in a point that's what you look at right what you're spending was relative to

your budget spending actual versus budgeted create what's called variances, and it's likely your firm will tell

...