E#49: In this solo episode, Scott breaks down how small business owners should rethink budgeting and planning. Traditional annual budgets still have value, but they quickly become outdated as conditions change. Instead, Scott explains the power of rolling forecasts and continuous planning—regularly updating assumptions, reviewing performance, and adjusting direction based on real data. He walks through common mistakes businesses make, like treating budgets as a once-a-year exercise, planning only for the “middle,” and ignoring owner bias, and shares how scenario planning and clear metrics can help owners stay between the curves without overcomplicating the process. The core message is simple: budgeting isn’t about being right—it’s about being prepared, learning faster, and making better decisions so your business isn’t running on hope-based finance.
Book Recommendation: This is Beyond Budgeting by Bjarte Bogsnes
Find out more about Scott Geller:
www.capitisadvisors.com
www.pathpredict.com
https://www.linkedin.com/in/scott-geller-cfo/
Find more episodes on Apple podcast, Spotify, Amazon Music and here: https://budgetyourbusinesspodcast.buzzsprout.com/
