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In the Kauffman Founders School tutorial by Bill Reichert on "The Art of Startup Finance," the focus is on budgeting and forecasting, a critical yet challenging task for startup entrepreneurs. Successful budgeting can significantly impact a startup's success, as missing budget targets is a common reason for venture capital investors to terminate founders and CEOs. Reichert emphasizes the importance of consistently hitting budget goals. While predictions may not always be accurate, budgeting helps frame the thought process, allowing entrepreneurs to identify variances in their financial expectations. The tutorial begins with an introduction to the operating budget, highlighting its role in financial planning.