Module 2: Entrepreneurial Finance
This is a segment of the course I am incredibly passionate about sharing after going through near bankruptcy. All because I didn’t understand my finances.
Patches, Piles and Pitfalls of Growth.
I will go deep in this section to explain the hard truth. You are growing or 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 I will share with you exactly the steps to take to avoid what I call ‘’Death Valley’’.
Look 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.
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.
I learnt the hard way, the importance of understanding the fundamentals of my finances. So, I want to share with you what you need to know to save yourself a lot of money and time. Soon you will be able to go to anyone in your business – including your accountants – with the knowledge of how to ask meaningful and relevant questions to drive you in the direction you want to go.