Regardless of how much or little you know about financial projections, I'll meet you where you are as we create your Financial Roadmap.
As a startup founder, I'd bet my last pint of Graeter's ice cream that you want to be in control of your financial destiny. That doesn't mean you need to become an expert, but you DO need to have a working knowledge of the financial side of your business.
A VIP Day (my 1-day intensive) is the fastest way for entrepreneurs like you to learn:
What the 3 key spreadsheets are
What they show
And how to use them to: (1) price for maximum profit, (2) set and reach your revenue goals and (3) plan for growth
Financial projections are not especially sexy. And if you’re someone who "hates numbers," I'm guessing you'd rather avoid them.
But you won't be equipped to make smart decisions as the CEO of your business if you don’t understand: (1) how financial statements work and (2) what they’re telling you.
We can begin with the fundamentals, such as explaining the vocabulary, or we can go right to the 3 most important spreadsheets, where I walk you through:
What they are
How they work together (in magical ways)
And then teach you how use them
We can even dive right in and start building your projections together in real-time!
A huge mistake I see is founders attempting to pass off or ignore the parts of their business they don't understand or don't want to address. Financial projections are often one of those parts. Candidly, handing off “the numbers stuff” to your bookkeeper or accountant is the same as handing over the reins of your company (or sticking your head in the sand). And if you’re only looking backward and not into the future, how are you going to plan for growth — and fund it?
Your custom VIP Day will be broken up into 4 phases. (The call itself will take place on Zoom and will be recorded so you can refer back to it.)
Your VIP Day will take place in 1 day for up to 4 hours, plus a 1-hour lunch break and a brief afternoon break (to give our brains time to refresh).
I will provide a Google Sheet template with the 3 core spreadsheets (and some basic formulas built in) where we will work together, live, as we create your Financial Roadmap.
During our day together, I will:
Walk you through the 3 key spreadsheets needed for your financial projections: Cash Flow Projections, Profit & Loss Forecast and Sources & Uses of Funds
Explain how each one works (i.e., what they show, why they’re valuable) and how to use them.
Explain how the 3 work together (since they're not independent of each other).
Share strategies for how to get real numbers and how to estimate.
As time allows, begin building your financial projections with you
NOTE: Keeping in mind that I meet you where you are, some of the above-listed items may not be needed or only needed to some degree.
Your Financial Roadmap gives you the clarity, direction and templates you need to create your financial projections. Everything is explained in plain English, and in most cases we're able to start building them together in real time.
But this is just the start.
The 3 key spreadsheets CANNOT be completed in a single day. You'll need to do additional legwork to gather the information your spreadsheets require. That's why I will be giving you a custom Summary & Action Plan for next steps.
Want to do it together?
That's why I offer a 90-Day Velocity Plan to build your financial projections TOGETHER. It's also how I get you VERY comfortable using your financial projections, so you can truly embrace your role as CEO, make smart decisions and plan for growth.
It's also where I give you the expert guidance and strategies to help you:
Maintain your accelerated pace
Gather and forecast realistic revenues and expenses that you can justify to investors (or yourself)
Calculate how much funding you'll need to launch and operate your business until it becomes reliably profitable
Develop any custom spreadsheets that might be helpful
Optimize your pricing
Teach you how to use the spreadsheets yourself (even if you're not a "numbers person"!) so you won't need me ;-)
In most cases, it takes 3-6 months to complete financial projections. (Timing depends on how quickly you work.)
IMPORTANT: I make no representations as to the success of your business or any related fundraising efforts.