Entrepreneurs tend to avoid financial planning. Don't wait until you run out of cash or find yourself unable to pay employees—learn basic business financials today. This Microcast provides an overview of tools and considerations that will enable you to create a financially successful business.
Your financials are not just for investors—they are the backbone of your business. Having a grasp on your business' financials helps you qualify for funding, yes, but also creates a benchmark for your business, helps you monitor cash flow, provides predictability, and guides business decisions. This video details basic financial building blocks: Three financial models (revenue, staffing and expense) and three financial statements (P&L, cash flow and balance sheet).
Remember to download the Financial Planning Model & Example Files.