The program will teach entrepreneurs how to build a small business financial forecast and business plan.
This can be useful to determine if a new business idea is viable or to help plan and negotiate a small business purchase.
It would be a critical tool in approaching lenders and investors.
Over the course of the program, new modules were released each week and participants were asked for feedback.
Course Plan-
Who is the program for?
- Buyers or starters of businesses
- These plans and forecasts are for Main St. Businesses
- Gross Profit under $2M
Who is it NOT for?
- Investors in publicly traded things
- Wall Street Types
WEEK #1-Introduction
What we’re going to be building and why it’s unique.
• Startups vs. buying
• Canvass and/or SWOT.
WEEK #1-Sales Forecasts
• Cash businesses
• Sales cycle businesses
• Lead and conversion businesses
• Customers on terms
• Project and deposit forecasts
WEEK #2-Expenses
• Cogs
• Cos
• Markup/Margin
• When Labor is in the Cogs and when it is not
WEEK #3 Labor & Scheduling
WEEK #3 Expenses
• Stories
• Changes over time
• Overheads
• Timeliness of expense recognition
• Capital Equipment
WEEK #4 Financing Activities
• Loans
• Leases
Week #5 Income Statements and Bank Balance
• Opening balance and changes in cash
• Making the income statement
• Forecasting LOC needs for operating capital
Week #5 Sales Taxes
• Sales tax reconciliation
Week #6
• Expanding to 3 years
• Calculating Depreciation
• Paying Income Taxes, knowing what number is subject to tax
• Creating the Balance Sheets
• Opening and forecast Balance Sheets
Week #7
• Dividing the forecast into years
• Changing the businesses and/or deals to make the businesses work
• Ratios and commentary
Week #8
• Funding Program
• Financing Operating Losses
• Presenting Sources of Equity
Week #9
• Business Plan template
• The sections and components of a business plan
• Epoxy Flooring Company Sample Biz Plan
Week #10
• Formatting the spreadsheets
Week #11
• Putting together a business plan for a new business
Week #12
• Putting together a business plan for a business purchase
• Presenting normalized historical financials
Note- All products priced in USD.
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