📊 Budgeting vs. Forecasting: Why Your Business Needs Both | Full Send CFO🔔 Subscribe for more CFO insights & financial strategies!📢 Are you treating budgeting and forecasting as the same thing? Many business owners do—and it’s a costly mistake. In this episode, we break down:✔️ The key differences between budgeting & forecasting✔️ How CFOs use them together to drive business success✔️ Why budgets are static, but forecasts must be updated✔️ How to build a simple budget & rolling forecast today⏱️ Chapters00:00 - Introduction: Budgeting vs. Forecasting00:32 - The CFO Mindset: How Budgeting & Forecasting Work Together00:47 - Key Differences Between a Budget & a Forecast02:52 - When to Use a Budget vs. When to Use a Forecast03:23 - How Macroeconomic Conditions Impact Forecasting04:27 - How to Build a Simple Budget & Forecast for Your Business07:16 - Scenario Planning: Base, Best, & Worst Cases07:53 - Final Thoughts: How to Make Budgeting & Forecasting Work for YouKey Takeaways:✔️ A budget is a static plan—a roadmap for the year ahead.✔️ A forecast is dynamic—it updates based on real-time business performance.✔️ CFOs rely on both—budgets set goals, forecasts guide decision-making.✔️ Review & adjust forecasts regularly—especially when conditions change.✔️ Scenario planning (best, base, worst case) helps businesses stay agile.📢 How often do you update your budget & forecast? Comment below!🔔 Subscribe & turn on notifications so you never miss an episode!#Budgeting #Forecasting #FinancialPlanning #FullSendCFO #CFOInsightsThanks for listening! Come Say Hi!Full Send | Accounting & Data LinkedIn: Roman Villard, CPAX: @FullSendCPAYouTube: Full Send - Accounting & DataData Podcast: Data Fuel

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