Programs

– Conduct Financial Health Check: Assess the current financial status through analysis of income statements, balance sheets, and cash flow.

– Identify: Collaborate with the entrepreneur to identify short-term and long-term financial goals.

– Set Benchmarks: Establish key performance indicators (KPIs) to measure progress.

Step 2: Business Plan & Financial Terminology

– One-Page Business Plan: Develop a roadmap for your business.

– Financial Terminology: Learn essential financial terminology and concepts to manage your finances and your team members (bookkeepers, accountants, financial planners).

– Basic Financial Statements: Teach how to read and interpret balance sheets, income statements, and cash flow statements.

– Budgeting Fundamentals: Introduce budgeting principles and techniques.

Step 3: Strategic Planning

– Cash Flow Management: Develop strategies for managing cash inflows and outflows effectively.

– Profit Maximization: Identify areas for cost reduction and revenue enhancement.

– Business Structure Options: Learn the basics to optimize your business structure.

Step 4: Financial Analysis & Forecasting

– Ratio Analysis: Use financial ratios to evaluate business performance.

– Break-Even Analysis: Determine the break-even point for different scenarios.

– Financial Forecasting: Create projections to anticipate future financial conditions and adjust strategies accordingly.

Step 5: Risk Management

– Identify Financial Risks: Pinpoint potential financial risks such as market changes, credit risk, and operational risks.

– Develop Contingency Plans: Create risk mitigation and contingency plans.

– Insurance Coverage: Recommend appropriate insurance coverage to safeguard against unforeseen events.

Step 6: Performance Monitoring & Reporting

– Regular Review: Schedule regular financial reviews to assess progress.

– Reporting: Develop effective financial reporting practices.

– Adjustments: Make necessary adjustments to financial strategies based on performance metrics and market conditions.

Step 7: Growth & Scaling

– Funding Strategies: Explore options for securing capital, including loans, grants, and investor funding.

– Scalable Processes: Implement scalable financial processes to support business growth.

– Expansion Planning: Prepare financial plans for business expansion initiatives.

BONUS:

Personal Financial Planning Module

– Conduct Financial Health Check: Assess the current financial status through analysis of income statements, balance sheets, and cash flow.

– Identify: Collaborate with the entrepreneur to identify short-term and long-term financial goals.

– One-Page Financial Plan: Develop a roadmap for your personal finances.

– Identify Financial Risks: Pinpoint potential financial risks, including the use of insurance and estate planning to mitigate risks.

– Personal: Investment Planning: Guide on making informed investment decisions to build wealth.