The approval limit hasn’t moved since the business was half this size

A threshold set in pounds five years ago is now rationing the wrong decisions, and the ones that actually bind the business are slipping under it.

By Steve 5 min read
Abstract bridge artwork for The approval limit hasn’t moved since the business was half this size

In a lot of growing businesses, the same person who personally approves a £2,000 equipment purchase has no visibility of a manager signing a three-year software contract at £900 a month. One of those is a reversible purchase with a resale value. The other is a commitment of roughly £32,000 that will outlast two of the people involved in choosing it. The threshold caught the first and waved through the second, and it did so entirely correctly, because it was written to catch large single numbers, and the business has…

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