Budget Your Business
Budget Your Business - budgeting for every aspect of your small business - is a show for small business owners with less than $50M in revenue. If you are looking for actionable advice, practical tips, and techniques to budget every aspect of your business, this is the podcast dedicated to you. We host finance experts, subject matter experts, and small business owners to share their perspectives on planning for your business. Think of a deep dive for every part of your business and how to plan for it. Budget Your Business is hosted by Scott Geller who will share his experience working with corporations and small businesses, and guide you down the path of planning the financial future for your small business.
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Budget Your Business
Finance Expert: Plan for Sales Promotions and Discounts with Andrew Marianski
Andrew Marianski walks us through the math and process of planning for sales promotions and discounts. He lays out the sales volume needed to make up the revenue when using discounts … warning, it’s significant … and how losing sales at a higher price can actually benefit the business. The podcast ends with his recommendations on tracking the most important aspect of a business ... Cash:
- Frequently forecast cash
- Create rolling 52 week cash forecast to see cash balance
- Identify key drivers
- Looking at it weekly
Book Recommendation: Seeking Wisdom: From Darwin to Munger; by Peter Bevelin
Find out more about Andrew: https://www.linkedin.com/in/andrew-marianski/