Forecasting Series Part 2: How to create and analyse a forecast

In this episode, Cody and Taylor discuss the process of building a forecast for a skincare brand. They start by setting goals and objectives, including the brand's desire to sell and exit within three years. They then dive into the details of the forecast, analyzing key metrics such as top line revenue and profitability as well as  identifying opportunities for improvement, such as reducing the cost of delivery and increasing customer acquisition. They also discuss how the forecast ties to in-ad account performance and the importance of performance reporting and execution.  00:00 Introduction and Overview 01:03 Setting Goals and Objectives 04:01 Analyzing the Forecast 05:07 Improving Cost of Delivery 08:50 Opportunities for Growth in Customer Acquisition 10:05 Tying Forecast to In-Ad Account Performance 12:20 Analyzing Average Cost Breakdown 13:51 Translating Forecast to Ad Channel Targets 19:53 Performance Reporting and Execution Brought to you by: MightyScout: Supercharge your agency with the fastest solution for Instagram & TikTok Influencer Tracking, Analytics & Reporting. Get more valuable work done for your clients without hiring more staff. ⁠https://mightyscout.com/⁠ And Social Snowball: Frictionless affiliate programs for your customers & creators. ⁠https://socialsnowball.io/⁠ Cody Twitter: ⁠⁠⁠⁠⁠⁠https://twitter.com/cody_wittick?s=21...⁠ Taylor Twitter: ⁠⁠⁠⁠⁠⁠https://twitter.com/taylorlagace?s=21...