The Power of Combining Budgets & Rolling Forecasts in Business

26/09/2024 19 min Episodio 16
The Power of Combining Budgets & Rolling Forecasts in Business

Listen "The Power of Combining Budgets & Rolling Forecasts in Business"

Episode Synopsis

Ever wondered how to stay agile while keeping your business finances on track? Budgets provide structure, but what happens when market conditions shift? How do rolling forecasts help you adjust in real time? The answers may surprise you.On this episode of Become Sensible, we’ll dive into the fundamental differences between financial budgets and rolling forecasts. I’ll explain how budgets offer a snapshot of your business plan, set at the start of the year, while rolling forecasts give you the flexibility to adjust projections based on real-time performance. You'll learn how to combine both tools to drive smarter business decisions and stay ahead of changes in your market.Whether you're preparing for year-end or planning for the next quarter, this is one episode you’ll want to pay attention to."Budgets set the goal, but rolling forecasts bring reality into focus."LinksPrevious Episode on BudgetingConnectFollow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx. Hosted on Acast. See acast.com/privacy for more information.