Creating a Robust Financial Plan for Your Business

Everything you need to financially forecast and manage your business (Financial Model Included).

4.20 (113 reviews)
Udemy
platform
English
language
Finance
category
instructor
4,059
students
3 hours
content
Sep 2019
last update
$54.99
regular price

What you will learn

How to create and manage a financial plan for your business

How to overcome obstacles in creating your financial plan

How to forecast revenue for your business

How to build a staffing model for both employees and contractors

How to forecast expenses for your business

How to create and understand an income statement

How to create and understand a cash flow statement

Description

About the Course .

Getting your businesses’ financials together is easier than you might think. Whether you’re interested in obtaining funding for your business or running your business with more peace of mind, this course will help you organize the financial side of your business, painlessly. All of the forms, information, and support you need are included, removing the heaving lifting from your shoulders. Your part is simply plugging your business data into the financial model worksheet. 

We will cover the 3 key revenue financial models (Revenue, Staffing, and Expense) as well as the 2 key financial statements (Income and Cash Flow). Downloadable worksheets for all models and statement are included.   

Don’t be one of those businesses that stalls on the runway due to bad cash flow management (it has happened to the best of entrepreneurs). Instead, commit to understanding the key principles of small business financials and comfortably master that money side of your business. Through the 13 lectures in this course, "Creating a Financial Plan for Your Business," you'll grasp the key fundamentals of managing the finances of your business—from the basic underpinnings of sound planning to key financial statements like your P&L and cash flow and financial models like staffing, revenue, and expenses.

Upon completion of this course, you will have created a full set of financials.    

 

Details about the Course:

  • The Financial Primer  - In these videos, we’ll examine and counteract common mis-perceptions about financial planning, learn about different models for revenue and cost projections, and discuss concepts such as the maximum negative cash flow that potential investors will scrutinize. Key expense and revenue models and financial statements will be walked-through.


  • Your Revenue Model  - In these videos, we’ll look at what drivers create revenue, which revenue models work best for product, service, and subscription or membership businesses, and how to predict how fast your business will scale. Detailed worksheets accompanying this learning stream help you develop your own models that are succinct, understandable, accurate, and actionable. 


  • Your Staffing Model  - In these videos, we’ll not only cover how staffing plans interact with the rest of your financial reporting, but we’ll establish guidelines for whether to build staff or hire contractors, how to set pay rates and predict costs of benefits, and calculate the ROI of positions across the organization.


  • Your Expense Model  - These videos detail potential expenses and their classifications, along with their potential tax implications, and offers a detailed worksheet for breaking out and tracking all the costs involved in running your business. 


  • Your Income Statement  - These videos examine the five components of the income statement and how they relate to the models and projections you’ve already built, and explore what the summary numbers reveal about your business’ potential for growth through such calculations as net revenue, gross margin and operating margin.


  • Your Cash Flow Statement  - Cash flow statement provides an ongoing record of income, investments, and expenses so you can adjust activities and stay on target. In addition to addressing these crucial calculations, these videos delve into strategies for managing cash flow and establishing a realistic basis for cash flow projections. 



Content

The Financial Primer

Business Financials Explained
Overcome Roadblocks to Financial Planning
Create Your Financial Plan

Your Revenue Model

Revenue Models Explained
Revenue Model Walk-Through

Your Staffing Model

Staffing Model Explained
Staffing Model Walk-Through

Your Expense Model

Expense Model Explained
Expense Model Walk-Through

Your Income Statement

Income Statement Explained
Income Statement Walk-Through

Your Cash Flow Statement

Cash Flow Statement Explained
Cash Flow Statement Walk-Through

Screenshots

Creating a Robust Financial Plan for Your Business - Screenshot_01Creating a Robust Financial Plan for Your Business - Screenshot_02Creating a Robust Financial Plan for Your Business - Screenshot_03Creating a Robust Financial Plan for Your Business - Screenshot_04

Reviews

Mel
July 19, 2023
Ken Burke's course is a game-changer for me! His engaging teaching style and real-life examples made financial planning finally click for me. The downloadable resources were invaluable, and I now have a clear plan to navigate my business's financial future confidently. I highly recommend this course to any entrepreneur seeking success with a solid financial strategy!
Diantini
February 20, 2021
I'm not graduate from economic bachelor and English is not my mother tongue. But this course and how Mr. Ken explained the content is really easy to understand for beginner like me. Thanks to Mr. Ken for answered all of my question with a fast and easy understandable answer! Dian
Yogen
January 9, 2021
Perfect timing and the insights till now are those that I was exactly looking for.... Excited to learn more
Esteban
September 16, 2020
I have learned how to model the business finances after this course. To be honest, I had no idea how to do that before, but now, I feel confident to give it a first try!
Luis
July 22, 2020
Rápido y directo al grano. Algunos temas los toca de forma superficial pero en general se entienden muy bien.
Hugo
May 27, 2020
Lot’s of info in this course. Ken really takes you from A to Z . Just what I needed for my business to take off. Thanks. HG
Alen
January 10, 2020
Such an amazing course. You'll be able to understand and create your own business plan and you'll get a lot of valuable advices. Strong recommendation!
Khyzar
December 16, 2019
A very useful course for beginners. A detailed, very well explained with excel worksheets flowing in a systematic way.
Rajesh
August 17, 2019
The course really gives good insight on financial planning for once business if you are starting new. Thanks.
Stephen
March 25, 2019
I'm new to the business world and have been looking for courses with practical guidance. This course definitely provides that and so much more.
Haqqan
March 7, 2019
Brilliant Course. Any financial rookie can make sense of figures and the basics about accounting after watching this course. Keep it up.
Hedmilson
March 5, 2019
Hi Ken, The course is really good. But, your explanation ought to be a bit slower. Thank you for making it available. I believe we will get in touch soon.
Harrie
February 14, 2019
So far so good! A lot of challenges I'm facing in my work place Ken has highlighted the root course, which I was not expecting. He is clear, very engaging and breaks down the jargon. He is straight talking, right down to business attitude. I've just completed the first chapter and he's restoring a little faith in me so quite excited to keep learning (I know, I sound like a nerd)
Stefan
December 15, 2018
Very detailed explanation from the instructor. Using nice and simple examples. Plus he gives you free set-up excel sheets for all the financial models you need, so you cant mess anything up. Amazing job!
Amy
December 5, 2018
This course is the right match for me as I know some about business but believe in always improving. I also want to make sure I have a solid foundation for my business so I'm positioned right for the new year, and growth.

Coupons

DateDiscountStatus
1/19/2023100% OFF
expired

Charts

Price

Creating a Robust Financial Plan for Your Business - Price chart

Rating

Creating a Robust Financial Plan for Your Business - Ratings chart

Enrollment distribution

Creating a Robust Financial Plan for Your Business - Distribution chart
2068153
udemy ID
12/5/2018
course created date
7/17/2021
course indexed date
Bot
course submited by