Create a Robust Financial Plan - The Fundamentals

Making money is the very reason your business exists – but often, entrepreneurs don't pay enough attention to the financials that drive the bottom line. Sound financial planning documents can not only win over investors; they're valuable tools for monitoring the company's progress toward profitability. In this course we'll examine and counteract common mis-perceptions about financial planning, learn about different models for revenue and cost projections, and use worksheets to build the statements that matter most.  

We have included a full financial model that you can use to build a complete financial model for your business.  Please note this course does not walk you through how to use the model.  This course is intended to create a solid foundation so you can move on to create a financial forecast for our business.

You will learn:

• Why can’t I outsource financials?
• What numbers do investors care about, and why?
• How do other parts of my business plan affect financial projections?
• What do I need to make sound financial planning assumptions?
• How could I be getting in my own way when it comes to financial literacy?
• Which is better – a “top down” or “bottom up” planning approach?
• What should I include in my revenue, staffing, and expense models?
• How do my projections tie into the overall P&L?
• What is COGS, anyway – and what’s so important about it?
• Why do I need to track cash flow?
• What does a balance sheet show that a P&L doesn’t?

To learn more about creating a financial model for your business, watch the following:

• Create a Robust Financial Plan - Revenue Model
• Create a Robust Financial Plan - Staffing and Expense Models
• Create a Robust Financial Plan - Financial Statements