A new year is upon us. It’s time to pull out our crystal ball and chart a path for the future. Pilots call this flight planning. We gather all the information known to us at the time, create a plan and adjust as needed throughout the flight. In business, the flight plan is replaced by the business plan and budget. Most people separate the two. I don’t believe we should. I believe the budget is just a business plan in action. Let’s go through the process of designing a budget for this New Year.