Ep. 27 - Budgeting for Research: Strategies for Small Research Teams

In this episode, we explore the critical aspects of budgeting for research practices, especially for those who are the first or only researchers in their organization, or part of a small research team. We'll cover the main components of a research budget, which include researchers' salaries, tooling costs, and participant incentives, emphasizing the importance of prioritizing incentives to ensure successful research efforts. I provide practical advice on how to strategically allocate limited resources and leverage tools already in use within the organization to maximize impact. Join me to learn valuable tips and strategies to effectively advocate for and manage your research budget.(1:10) Introduction and Episode Overview(1:40) Defining a Budget for Small Research Teams(03:49) Key Components of a Research Budget(05:09) Prioritizing Incentives in Your Budget(07:03) Calculating Incentives and Budgeting Tips(08:51) Choosing the Right Tools for Your Research(10:37) Leveraging Existing Tools and Final Thoughts(12:15) Recap and Conclusion