If anyone don't understand this basic thing such as budgeting then they should not be in business or have anything to do with finance. OP you did a good job but have honestly post like this are basic, this type of post will have a good fitting for beginners and help. This is a vast forum and the economy board of the forum talking about very basic thing like this that is obvious as day light is a bit cringe.
Budgets is the foundation that cements the welfare of a business. It's the core engineering structure that guides business persons or funds holder to utilize/spend them effectively and responsibly.
It's required to be disciplined before one can actually respond to their actions of budgets because, some people may have theoretical future budgets analysing how they're going to use their funds but when the funds gets to them, they deviates from the plans and jump into other sectors without proper plans.
They also fail to make earlier financial budgets for it causing them to face challenges where there's no reserve of savings for short term needs. After using their entire savings for the investment and the profits isn't coming so quick, they begin panic resulting to fail of investment goals.
This act is practicable to some newbie investors in the crypto markets who sells their bitcoins at lost price due to need of funds to solve their immediate needs.