Module 2: Entrepreneurial Finance
This is a segment of the course Aaron is incredibly passionate about sharing after going through near bankruptcy… all because he didn’t understand his finances.
Patches, Piles and Pitfalls of Growth. Aaron will go deep in this section explaining the hard truth, you are either growing or you are dying. In business there is no ‘neutral’ position. You’re either making money or you’re not. Owning your own business doesn’t mean there is a constant flow of income, so he will share with you exactly the steps to take to avoid what he calls ‘’Death Valley’’.
Balance Sheet – Looking at your Current Assets, Non-Current Assets, Current Liabilities and Non-Current Liabilities. This sheet is crucial to understand what your business is worth overall.
Profit/Loss Statement – Revenues, Direct Operating Costs, Indirect Operating Costs, Cost of Debt Financing and Tax. In a nutshell, how much revenue you are bringing in and how much expenses are going out.
Cash Flow Statement – Operating, Investing and Financing Activities. Understanding your cash flow and where it’s going.
Aaron learnt the hard way the importance of understanding the fundamentals of your finances, so he wants to share with you what you need to know to not only save yourself a lot of money, but time as well. Soon you will be able to go to anyone in your business – including your accountants – knowing how to ask meaningful and relevant questions to drive you in the direction you want to go.