Episode 35 :: Budgeting vs Forecasting
What are their differences and how they can help your business.(Video + closed caption available on YouTube)In this episode of THE GOOD FOOD CFO PODCAST I AM TALKING ABOUT BUDGETING AND FORECASTING - WHAT IS THE DIFFERENCE?
AND DO YOU REALLY NEED BOTH FOR YOUR FOOD BUSINESS?
Spoiler Alert! The answer is Yes.
As a business owner you may have heard of these three important words “mission, vision and values”. Do you have them defined for your brand? Have you thought about what they can do for your business? Having these three areas defined in your business can do so much if you use them the right way and share them with your consumers. Defining who you are as a brand takes time and thoughtfulness, don’t leave it up on a shelf. Consumers want to know!
In this episode I share:
What financial forecasting helps you see & the questions it answers
How financial projections and budgeting work hand-in-hand
How budgeting creates financial ease and confidence
Real-life client wins, thanks to budgeting
resources + links
For a 34 day free trial of my favorite budgeting app, YNAB, click here.
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