The Difference Between Budgeting and Rolling Forecasting
In this episode of the Become Sensible podcast, we dive into a vital topic for business owners: understanding the difference between budgeting and rolling forecasting. If you’re looking to improve your financial planning and make better real-time decisions, this episode is for you.
Why You Need to Listen
Are you:
- Confused about how to effectively plan for your business’s future?
- Unsure how to update financial plans as new data comes in?
- Struggling to make your budget more flexible?
This episode will clarify these challenges.
What We’ll Cover
In this episode, you’ll learn:
- The key differences between budgeting and rolling forecasting.
- Why you can’t adjust your budget but can continuously update your forecast.
- How to leverage historical data for better future planning.
- Practical steps to adjust your forecast as new market information emerges.
Here’s a Sneak Peek of What You’ll Learn:
- The importance of variance analysis: understanding the difference between your budget and actual performance.
- How rolling forecasting helps you make real-time decisions based on current data.
- Why combining both budgeting and rolling forecasting can improve financial accuracy.
Plus, I’ll share the story of a product launch that missed its revenue target, and how a business adjusted its forecast mid-year to account for market changes.
Take Control of Your Financial Planning
Don’t miss out on these valuable insights that could transform your business. Tune in to the full episode to get all the details and start your journey from surviving to thriving.
Remember, Effective financial planning requires both a static budget and a dynamic forecast. Join us to gain insights into how to create a realistic, adaptable financial strategy.
Happy listening, and here’s to your business success!
Back Taxes: Myths & Facts (and Why You’re Not Going to Jail)
Case Study: Tackling Back Taxes – How to Get on Track In this episode of the Become Sensible podcast, we explore how freelancers and small business owners can manage back taxes and regain control of their finances. If you’ve missed tax filings and feel unsure about the next steps, this episode is packed with practical…
Continue Reading Back Taxes: Myths & Facts (and Why You’re Not Going to Jail)
Q4 Financial Planning for Business Owners: How to End the Year Strong
Q4 Financial Planning for Business Owners: How to End the Year Strong In this episode of the Become Sensible podcast, we dive deep into Q4 financial planning—a critical task for business owners looking to optimize their year-end financial performance. Whether your business is thriving or needs adjustments, Q4 offers the chance to realign your goals…
Continue Reading Q4 Financial Planning for Business Owners: How to End the Year Strong
Tax Implications of Owner Distributions
Tax Implications of Owner Distributions As a business owner, figuring out how to pay yourself can be tricky, especially when it comes to taxes. In our latest podcast episode, we break down the tax implications of owner distributions, providing you with practical insights to manage your business finances effectively. Why You Need to Listen Are…
How to Transform From Surviving to Thriving: Transform Your Business’s Financial Outlook
Looking for Business Financial Outlook Last week on the podcast Become Sensible, we’re diving into a crucial topic for every business owner: making the transition from barely surviving to truly thriving. Why You Need to Listen Are you: Ready to grow but always seem to need more cash? Growing but not seeing that growth reflected…
Proudly powered by WordPress
