Talk Budgets to Me:
What does the average budget of a large company look like? Hint: it’s bigger than ever!
Last year, most large companies increased their budgets—seeing their spending increase by almost 40% as a result. As multiple departments tend to make up one single company, each one needs its share of funding. The department that was overwhelmingly allocated the most, however? The sales department.
In fact, 43% of B2B companies believe that their sales department will have a budget deficit at the end of the company’s fiscal year.
By accessing this infographic, you’ll learn the different ways your companies can effectively budget for the remainder of the year, including:
- How much money should be allocated in certain departments
- Circumstances that have led to a budget deficit for sales teams
- Taking advantage of technology to track increasingly larger amounts of data