In this episode, Keila continues her “Beyond the Numbers” series, a deeper look into why numbers themselves aren’t necessarily good or bad. And how the story behind the numbers is what we really need in order to make decisions for our business that not only make the most sense but also build a life and business that we can be proud of.
Tune in today as Keila talks budgets and forecasts and how they can help you make some quick decisions about the direction you want to go with your business and whether to make any changes to what you’re offering or how you’re offering it.
KEY POINTS:
- What is a budget and how do we make one?
- Why a zero-based budget may work for you
- Forecast - where are you trending to end up?
- How to use your budget and forecast to “mind the gap”
QUOTABLES:
“It does nobody any good to set goals that are too high for what you're actually able to achieve and then just feel like you're missing them every time. Remember, a budget is less of a goal and more of a plan.”
RESOURCES:
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Little Fish Accounting presents Build To Enough. The pursuit of endless growth and scaling can leave entrepreneurs feeling burned out and unfulfilled. This podcast explores how to build sustainable, purpose-driven businesses that align with your lifestyle and values, rather than defined by rapid expansion alone. On this show, we’ll reframe definitions of success, provide strategies for structuring companies around desired lifestyles, and share stories of entrepreneurs finding deeper fulfillment by focusing on “enough.” Join us as we discuss moving off the hamster wheel and building businesses with balance and meaning.