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!
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
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