Learn how to prepare a cash flow statement for use in a business plan or analyzing how a business idea will work in reality prior to launch even if it's your own money.
One of the most important components of a business plan is a cash flow analysis. This is often the first part of your business plan that any serious investor will read and demonstrates your understanding of the proposed venture and the costs associated with launching the initial stages. A poorly executed cash flow statement is like walking into a room full of investors with you pants down and toilet paper hanging out the back of your underwear. Not very professional. Learn how to avoid that!!
The class will cover the mechanics of making a cash flow statement in Excel as well as the type of detail that should be present and the supporting materials to back up your claims.
With a good cash flow statement and a solid set of assumptions, you should have a good idea of what the "entrepreneur's bet" is for your project. This is the amount of money you'll need in order to make it through the initial stages before the venture becomes cash flow positive.
This class will be a prerequisite class for the General Business Plan class I'm proposing.
Requirements: computer with spreadsheet software. (Microsoft Excel or Open Office Spreadsheet are fine.)
- Date
- November 8, 2009 at 3:00pm
- Location
- The Public School
- Facilitator
- Phil Glau
- Limit
- 15
- Fee
- $10
- Other information
Comment
should one assume that they need to bring a laptop with excel installed to this class? do you mind if students share laptops?
22 Oct 2009 6:25PM
A laptop would be good, if you and a friend are coming, you can probably share, otherwise you'll probably want your own.
I personally use Excel. I'll test my sample spreadsheets on Open Office and Google Docs. They should work fine with some modifications.
We'll be covering "Service Sector" cash flows and "Manufacturing Sector" cash flows as the two primary examples.
22 Oct 2009 6:44PM
I'll be there, as a member.
3 Nov 2009 9:03PM
Due to a scheduling conflict, this class may need to be pushed back an hour to begin at 3pm. If you have signed up and cannot make this later time, please let us know by commenting here.
4 Nov 2009 7:42PM
Please note time change! This class will now begin at 3pm on Sunday.
6 Nov 2009 2:30PM
can someone give me the actual address for "the public school" - I cannot find it anywhere on the site.
thanks
8 Nov 2009 11:29AM
951 Chung King Road
8 Nov 2009 11:39AM
Hi,
Thanks for coming the other day. Here's the link to the class files. They are Excel files. You can import them directly into OpenDoc or Google Doc if you like.
http://ridiculousprods.com/telic/
I cleaned up the Real Estate Cash flow a bit to lay it out more intuitively.
They're also available as Google Docs here (View Only Mode)
http://docs.google.com/leaf?id=0B-ZJGM6cFIu5NGQxMTQxYTktNzU3My00YTk3LWE1...
9 Nov 2009 12:20PM
The related course Writing a Business Plan is now scheduled for the beginning of next year.
Sign up in the next two weeks to receive a 20% discount on the class fee.
See you all there!
20 Nov 2009 5:06PM