Build a robust financial plan and forecast the growth potential of your business
Having a credible financial plan lets you determine how viable a business idea is and is ultimately key to long-term business success.
On this four-week business course from The EntrepreneurNOW! Network, you’ll gain an in-depth insight into how to create a complete financial model that will cover your entire financial plan.
Develop a revenue model to forecast for any type of business
The revenue forecast anchors your entire business model, helping you manage everything from cash flow and staffing to expansion and seasonal fluctuations.
You’ll look at several different revenue models and, using examples of best practices, you’ll learn to build a model suited to your business.
By the end of this course, you’ll have created a model that lets you enter the numbers and watch the plan emerge organically, allowing you to plan for your business and prepare for success.
Discover how to build and track your staffing plan and expenses
As you create your three-year financial forecast, you’ll start looking at your business costs. This course will guide you through building your staffing model, allowing you to plan out positions and salaries, as well as any contractors required.
You’ll then move on to work through the non-staffing expenses that your business will incur with everything flowing into your financial statements and making sure you’re staying tax compliant.
Explore your financial statements for income and cash flow
Once you’ve built your financial model, you’ll be able to automatically generate income and cash flow statements, helping you to view and assess the entire business.
The final week of this course will guide you through these financial statements, helping you to better understand them so you can use your model to see the results of different financial forecasts.
This course is designed for entrepreneurs who already own a business or are looking to start one.
You will also find it useful if you’re a business owner or executive wanting to brush up on concepts such as financial strategy, revenue forecasting, and financial modelling. Students considering future career prospects in business or finance will also benefit from this course.
Excel or Google Sheets would be helpful to use for this course but is not essential. The course contains a significant amount of video content.
