Manage episode 226059709 series 1923829
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.
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
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.
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