Are you one of those agencies that spend impulsively, based on gut feeling, or delay investments out of fear and uncertainty?
In this episode of the Agency Blueprint podcast, I explain how agency owners can use operational budgets as a growth tool instead of just a tracking sheet. I further explain how to structure budgets around multiple outcomes—flat (if nothing changes), trend-based (aligned with current growth trajectory), and goal or stretch budgets (aimed at ambitious targets).
Don't miss this episode to learn how to weigh investments using a risk-to-value calculus, prioritize based on ROI, and know when to greenlight or cut an initiative.
Key Questions:
- [00:33] Are you spending intentionally to grow your agency or just burning through cash without a clear ROI?
- [03:43] Are your budgets simply tracking expenses, or are they guiding your strategic decisions?
- [08:15] How do you prioritize which investments to make first when several opportunities compete for your resources?
What You’ll Discover:
- [01:20] The concept of using multiple budget scenarios—flat, operational, goal, and stretch—to create a growth-ready plan.
- [02:02] The importance of aligning budgets with business trends rather than relying solely on past performance.
- [03:43] Understanding that budgets are not just for tracking, they are tools to guide decision-making and strategy.
- [04:50] The “risk-to-value calculus” to evaluate investments in people, tools, or new services.
- [06:40] The importance of setting clear timelines to measure whether an investment is working or if it should be cut.
- [08:15] How to prioritize competing investment opportunities by weighing ROI, time cost, and likelihood of success.
- [10:47] How to reverse-engineer growth goals into budgets by mapping revenue sources, retention rates, and hiring needs.