EVE's economy mirrors our own real-life economy and as such, corporations really need to have a balanced budget with an eye on growth. Having a good budget means that you, as a corp, can adjust to the changes and challenges of New Eden.
Corps usually have a good mix of capsuleers who perform different activities. PVE players (incursions, missions, etc) bring in taxes which are dumped off into the master wallet. These taxes are generally used for things like office rental, skill book purchases and POS expenses. Depending on the size of your corp, you may also use it towards a ship replacement program, new player assistance or loans.
A fair share of corps (especially high sec industrial ones) make a fair share of ISK mining and manufacturing, so having a balanced budget (or at least some budgetary goals) is important. If your corp is just a bunch of individuals, maybe doing some things together, but not having a real plan, budgets might not apply. If you are getting your membership involved in projects, then a budget is a must. It allows your members to see the goals of the corp, where the money is coming from and where it is going. In MF, our industrial division is more of an open book. I like to put out monthly reports and show people that yes, the money is being dumped back into the corp and not just lining the pockets of the leadership.
Morale is a fickle beast. If people think they are working for nothing, they lose heart and start looking elsewhere for a place where they can fit in and be valued. This is just my take on things. I'm working out a budget for MF right now, but I figured I would post it on my blog and maybe give some CEO's a jumping point. Thanks for reading and as always, fly safe-ish.
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