Most entrepreneurs struggle with accurately projecting the financial potential of their startup, but they know they must do it to share with investors. Entrepreneurs by nature are optimistic, so the straight-upwards sales growth projection is often disregarded by investors as inaccurate. But don’t fret–you don’t need to be a “finance person” to get this right! In this course, you will learn how to break down your startup’s profit model into its smallest variables, then analyze each variable to come up with an accurate assessment.

Next, you’ll learn how to build it back together and come up with reasonably-accurate financial projections backed by real data.This analysis will help you accurately determine how much funding you will need to raise in order to succeed, rather than arbitrarily picking a number that you think you’ll need.

A bonus to this process is that you begin to uncover a tremendous amount of potential obstacles that could affect your chances of success down the road, and gain an intimate understanding of how your business will need to operate to succeed. This is a critical skill for an entrepreneur to have in their arsenal!

Key Takeaways:
Be able to generate reasonably-accurate financial projections for your startup

Understand the variables that will affect the profitability of your startup

Determine how much funding you will need and why you need it

April
03
Apr 3, 2024 5:30 pm - 7:30 pm EST

Small Business Access to Capital

Presented by: Economic & Community Development Institute
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April
17
Apr 17, 2024 5:30 pm - 7:30 pm EST

The Power of Personal Credit

Presented by: Economic & Community Development Institute
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April
17
Apr 17, 2024 12:00 pm - 2:00 pm EST

Cybersecurity Unveiled: Navigating the Myths and Realities for Small Businesses

Presented by: JumpStart
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April
24
Apr 24, 2024 8:00 am - 5:00 pm EST

Free Coworking Wednesday

Presented by: Bounce Innovation Hub
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April
25
Apr 25, 2024 2:00 pm - 3:00 pm EST

Deep Dive into AI: ChatGPT

Presented by: Hudson Library & Historical Society
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April
25
Apr 25, 2024 10:00 am - 11:00 am EST

Caffeinated Ideas at Braintree

Presented by: Braintree
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May
04
May 4, 2024 11:00 am - 2:00 pm EST

Small Biz Block Party

Presented by: Women's Business Center of Northern Ohio
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May
07
May 7, 2024 5:00 pm - 8:30 pm EST

Cleveland Impact Program’s 20th Small Business Showcase

Presented by: JumpStart
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May
08
May 8, 2024 12:00 pm - 2:00 pm EST

Webinar: The Art of Self-Promotion & Marketing Yourself to a Global Audience

Presented by: JumpStart
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May
15
May 15, 2024 11:30 am - 12:30 pm EST

Webinar: The State of AI

Presented by: JumpStart
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May
18
May 18, 2024 10:00 am - 1:30 pm EST

Small Business Resource Fair

Presented by: Economic & Community Development Institute
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June
12
Jun 12, 2024 12:00 pm - 2:00 pm EST

Webinar: People, Process, Tools: Clarifying Your Talent Strategy

Presented by: JumpStart
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