Will My Business Idea Be Profitable? Financial Planning Provides The Answer
This Live Online Workshop will help you in developing a full understanding of the profitability of your business concept. You will learn which costs and expenses need to be included in your Profit/Loss calculations.
As importantly, you will be able to forecast the Cash Flow of your enterprise. Maintaining positive cash flow is the key fundamental ensuring the longevity of your company.
You will be shown how the basic financial elements tie together:
Income Statement - Profit and Loss
Balance Sheet - Assets and Liabilities
Cash Flow
Sales Forecast
By the end of the Workshop you will have gathered the data that will tell you if the commitment of your time, effort, and personal assets will generate the profits that make it all worth it.
You will have the opportunity to have your questions answered both during and at the conclusion of the Workshop. A copy of the presentation is provided to those who complete the brief Feedback Survey at the end of the session.
Fee: $20
About our Instructor
Peter Hildebrandt is a serial entrepreneur and product development professional. Having started and sold several small businesses and consulted with many large companies, he loves business. His startups have included 3D molecular modeling, weather forecasting, gourmet brownies, photo processing software, and more. From 2000 until 2013, he was responsible for long-range research, product development, product marketing, and intellectual property for a division of Steelcase (a Fortune 500 company). He currently owns a manufacturing business (Aria Lights) which makes music stand lights for professional musicians and a consulting practice (Covetability) which helps companies choose the right products to build. A customized step by step integrated action plan that is essential to the success of your business.
Who should attend: Launch (businesses 0-2 years), Growth (businesses 3-5 years), Expansion Startups (businesses 5+ years)
Course Outline
Sections of a Business Plan
Format of a Business Plan
Balance Sheet
Financial Projections
Capital Equipment List
Sources of Capital
Learner Outcomes
Use the business plan tool or template that works for you.
Have a clear understanding of who your customer is.
Start with your company description and proceed step-by-step.
It?s OK if you don?t have all information for each section. You can go back and fill in missing parts later.
Start with a strong financial foundation. Projections are key!
Webinar - Start-Up Business - Financial Plan
Webinar - How to Write a Dynamic Business Plan