During this Career Ready lesson on "Creating A Budget," I learned what I should include in my expenses, the difference between fixed (changing very little from month to month) and variable expenses, how to use effective budgeting worksheets to list income and expenses, and tips on effective budgeting. I will be able to apply some of these things to the budget I am managing as part of this project, and I'll start by looking at which of our expenses can be classified as fixed and which are variable (though I'll need to compare them to past iterations of this show to identify them most effectively).
An effective budget provides more than a forecast or tracking of income and expenses. A small business can use its budget to stay on top of financial trends it can use to take advantage of ...
Michael Henning's insight:
This article discussed methods and strategies that serve to keep a budget on track, such as tracking your average spending on a monthly basis while simulataneously keeping track of the real and more specific amounts being spent. The budget for the show that I'm managing is far simpler than the kind of budget described in this article, especially since we're only keeping track of expenses based on a fairly static beginning balance, but the article still provided useful information that I can apply towards the budget for this project (albeit in very small ways) as well as toward any budget managing opportunities/requirements I may be a part of with a bigger business in the future.
What do managers and supervisors actually DO? Find out what the core skills and tools are that effective managers have at their fingertips.
Michael Henning's insight:
This article discusses key ideas and steps to creating a team and communicating with, developing, and motivating the people of said team as their manager. It begins by establishing how management and leadership differ and relate, and assering the importance of fulfilling both roles to be fully effective. The article also discusses important tasks that a manager has, such as the delegation of team members to the tasks at hand, providing feedback to team members regularly throughout the project, and communicating and working well with team members (such as using brainstorming sessions during meetings) to ensure the project runs its course efficiently and smoothly. I believe I can utilize these skills during team meetings for my own project, and that they will serve us well to make these meetings more productive and to ensure tasks are distributed effectively to our team members to get the project done faster.
This article talks about a study in which several researchers interviewed "excellent teams" to gain insights on what enables them to function their best and accomplishes tasks most efficiently. They walked away with a list of conclusions, such as ensuring there is a clear, elevated goal/vision; a "collaborative climate;" "principaled leadership" with a central (and presumably omniscient) person driving them towards excellence; and external support with adequate resources to keep them rolling. These conclusions I read in the article are easily applicable to my role in my project as a team leader, and they also assured me that I'm already doing several things right, such as establishing clear goals and visions for our show and project, as well as ensuring that our creative team continues to be collaborative in what we plan and execute. I will also be able to apply the things that I read that I'm not currently doing in future team meetings and similar project-related functions.
This article talks about a variety of methods to use the project management software Trello (which I am currently using for my senior project for school) even more effectively--"like a pro," as it says. For instance, it explained some of the keyboard shortcuts that are useful for navigating the website quickly, how to manage attaching files to posts on the site, how to perform bulk actions to copy or delete things more efficiently, and how to use their mobile apps on devices such as iPhones to manage the information on their site wherever you go. I definitely plan to take advantage of these shortcuts and conveniences as I continue to use Trello.
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