Chapter Seven - Finance and Accounting: Managing the Money
IN THIS LESSON
You are now introduced to the basics of budgeting and forecasting, two essential tools for financial planning in any business. The Jack-of-All-Trades explains how creating a budget helps allocate resources efficiently, while forecasting allows businesses to predict future financial performance based on current trends and data.
You will get an overview of key concepts, such as revenue projections, expense management, and how to adjust forecasts to adapt to changing business conditions. This video sets the foundation for understanding how businesses plan for short-term and long-term success.
