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Financially Simple Bizcast


The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Jan 28, 2019

In episode 125 of Financially Simple, Justin compares Zero Based Budgeting and Incremental Budgeting.

Knowing how much your business will required to achieve a certain goal is essential to avoid problems in running the business, whether those goals are short term or long term. Justin looks at two budgeting techniques, Zero Based and Incremental, considering their pros and cons, and when to use each type to attain your business goals.

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ARTICLE TRANSCRIPT: https://financiallysimple.com/zero-based-or-incremental-which-budget-strategy-best/

 

TIME INDEX:

00:22 - Zero Based Budgeting vs. Incremental Budgeting

01:35 - What is Zero Based Budgeting?

02:54 - What is Incremental Budgeting?

03:20 - Pros & Cons

03:33 - Zero Based Budgeting

07:51 - Incremental Budgeting

11:17 - Summary

 

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DISCLAIMER:

Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.