Spark Centre: Finance Fundamentals - March 10, 24 and 31 (Mar-2020)
(3 sessions, 3 hours each)
Entrepreneur's Toolkit Workshops are experiential, hands-on workshops facilitated by experienced entrepreneurs. The workshops offer ventures tools, mentoring and peer feedback to solve specific problems and develop essential business components.
In each 3.5 hour session you will generate a deliverable that you will use frequently in the business development process.
“However beautiful the strategy, you should occasionally look at the results.” –Unknown
Do you understand the financial metrics of your business? Do you want to be able to speak knowledgeably to your accountant, bank or investors about your company finances, or to manage a plan to ensure that you have the necessary cash available when your business needs it? This three-part workshop series is designed to help entrepreneurs understand basic financial concepts, build a forecasting model to use in running their businesses and identify key concepts of valuation that apply to their businesses.Participant Profile:
This workshop is geared toward entrepreneurs who are working on their business model, starting to incur expenses and potentially starting to generate revenue, and who are looking to get control of company finances to support decision making for future growth and potential investment.Pre-requisites:
- Completion of the Starting Lean: Business Model workshop
- Draft of Osterwalder’s Business Model Canvas
- Basic understanding of spreadsheets/formulas
- A laptop with access to spreadsheet software for the duration of the workshop.
Workshop Schedule (register for full series OR per session)Session 1 - Preparing your Business Forecast // March 10, 2020, 9-1pm
In this session, we help you understand the basics of financial statements and begin to build a detailed cash-flow forecast to be used in making day-to-day business decisions around growth.
Deliverable: Expense cash flow template for your business.Session 2 - Understanding Revenue Forecasting and Funding // March 24, 2020, 9-1pm
In the second session, we will demonstrate how to add revenue estimates to your cash-flow forecast, taking you through inputs such as pricing, sales funnel and revenue types. The result will be a complete cash-flow forecasting model you can use in your business.
Deliverable: Revenue cash-flow template for your businessSession 3 - Business Valuation and Tutorial Session // March 31, 2020, 9-1pm
First half: Outline basic concepts surrounding different types of business valuations, and the inputs and factors that impact valuation from an investor perspective.
Second half: Working session/finance lab.
Deliverable: Basic complete 12-month cash flow forecast for your business.
Cost of Workshops
The Entrepreneur's Toolkit Workshops cost $75 to attend.
Spark Centre & Other Regional Innovation Centre (RIC) Refundable Deposit (full series OR per session)
Purchase this ticket if you are a client of a Regional Innovation Centre (RIC). When prompted on the registration page, please list the regional centre of where you are a member and your current advisor’s name. You will be refunded your full ticket price at the end of the workshop series and upon completion of our post-workshop survey. The post-workshop survey must be completed within five days of the last day of a workshop series for a registration deposit to be refunded.
Please note: If you can no longer make it to the session, please let us know no later than 48hrs before the start of the session for us to process your refund. Unfortunately, we may not be able to accommodate a refund request after that time.
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