Course Description

Every business owner must create a strong foundation to be a profitable, sustainable company. Understanding the financials of a business and forecasting it's potential profitability and cash flow should be top priority. The financial model is a numerical representation of the vision for your business as well as a roadmap for how you'll get there.

This course will teach you the terminology and components of financial plans and models. It will teach you the fundamental understanding of the 3 most important financial statements necessary in business. If you plan to take on business partners, co-founders, or seek outside investors or business loans, you'll need to know this information and how to create a financial forecast.  This course will help you with all the fundamentals and provide you with a downloadable template (with instructions) to create your own financial model.



Startup and Small Business Consulting

TPM Focus, LLC

TPM Focus, LLC is a multidisciplinary business consulting firm advising owners of startups and small businesses. We are the trusted source that helps companies startup and small businesses grow their operations using our innovative business strategies. We step in as, what we call, the ‘Interim COO’, assisting with overall business strategy that connects marketing, sales, technology, and finances.  Although our role is temporary, the impact is lasting and companies select us whenever they need structure, specialized skill sets, and an objective, new way of thinking and operating.  Think of it as having a Chief Operating Officer and expert team that steps in when you need them most. That’s us!   We have 100+ years of executive experience in corporate industries so we combine the corporate knowledge and strategies with the scrappiness and innovation of the lean startup methodology to create the perfect collaboration with our clients.  TPM Focus, LLC was founded and is currently led by a business innovation leader– Monique Mills, MBA, PMP, a degreed electrical engineer, certified PMP (Project Management Professional), tech startup founder, and licensed Realtor(R). For further information, please visit http://moniquemills.biz.

Course curriculum

  • 1

    Introduction

    • Please Listen To This First

    • Introduction to Financial Focus

    • What You Will Learn

    • Pre-requisite Information
  • 2

    Financial Models

    • Financial Models 1

    • Financial Models 2

    • Pro forma

    • Forecasting

    • Assumptions

    • 4 Steps to Your Financial Plan

    • Pop Quiz #1
  • 3

    Forecasting Sales

    • Calculating Sales

    • Revenue Streams
  • 4

    Forecasting Costs

    • Variable vs Fixed

    • Examples of Variable & Fixed

    • Examples of Expenses
  • 5

    Breakeven

    • Breakeven

    • Breakeven Formula
  • 6

    Financial Statements

    • Financial Statements - Part 1

    • Financial Statements - Part 2

    • Income Statement - Part 1

    • Income Statement - Part 2 - EBITDA

    • Balance Sheet - Part 1

    • Balance Sheet Components

    • Cash Flow Statement - Part 1

    • Cash Flow Statement - Part 2

    • Cash Flow Statement - Part 3
  • 7

    Capital Requirements

    • Capital Requirements - Part 1

    • Capital Requirements - Part 2
  • 8

    Financial Considerations

    • Other Financial Considerations
  • 9

    Download Your Financial Model Template and Get Started!

    • Financial Model Template - Compliments of TPM Focus
  • 10

    Starting Your Financial Model

    • Instructions for the Financial Model

    • How to Calculate Pricing and Revenues

    • Video on Calculating Pricing and Revenues in the Financial Model
  • 11

    Resources

    • Additional Assistance