Paying on time or investing in education: effective management of a team budget

As a team manager, you probably have a certain level of control over the team budget and make decisions about how to allocate it for maximum benefit. Alternatively, you may have influence over how resources are distributed within your team or even across the company. If you want your team to thrive in the long term, you should adhere to a few fundamental financial planning principles, which are outlined in this article.