Easy Cash Flow Forecasting for Startups and Entrepreneurs
4.3 (3 ratings)
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Easy Cash Flow Forecasting for Startups and Entrepreneurs

Business Financial Forecasting simplified in only 90 minutes.
4.3 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
411 students enrolled
Created by Hayley Chiba
Last updated 4/2016
English
Current price: $10 Original price: $25 Discount: 60% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 1.5 hours on-demand video
  • 4 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand the basics of Financial Management to help you successfully grow your small business
  • Analyse your financial plans, get insight into where you need to make adjustments, to increase your chances of success.
  • Create a business that runs efficiently and profitably.
View Curriculum
Requirements
  • Basic Excel spreadsheet skills required
Description

This course is for Entrepreneurs, Start-ups and Small Businesses Owners. This is  a practical, concise course on how to use Cash Flow Forecasting in your business.

In only 90 minutes I will simplify and demystify your business numbers so you can build your own specific Personal and Business Cash Flow plan. I provide my own simple, easy to use templates. This makes understanding and populating the numbers fun and effortless. Plenty of examples are used so you can see how the numbers relate to your business.

If you are looking for straightforward, plain speaking advice on what numbers and metrics to use, this is the course for you.

If you want to grow a profitable business, safe in the knowledge you won’t get caught short on your money situation take this course today.

Learn

1.       How to set yourself effective budgets which will help you with managing your spending with little effort

2.       The much misunderstood secret of effective cash flow management for small businesses owners. This will instantly give you insight into where your cash is getting trapped in your business and will help you to release cash back into your business so you can pay yourself more.

3.       How to measure the few but critical numbers for your business. This will allow you to keep track and grow your business, without having to spend hours every month on financial management.

4.       How to spend in the ‘right way’ so you don’t end up in a damaging spiral of debt.

5.       What are the immediate actions you need to take, where your model is flagging that you may be about to run out of cash?

6.       How to understand how to calculate my 2 most important sets of data which will help take your business to a £1m+ turnover company.

Who is the target audience?
  • Entrepreneurs and sole traders who are thinking of starting their own business and want to increase their chances of success.
  • Entrepreneurs who have started their own business but are not happy with the financial returns to them personally.
  • New startups who are struggling with cashflow and need more insight into how to resolve this.
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Curriculum For This Course
16 Lectures
01:26:31
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Introduction
1 Lecture 03:03

What this course will give you in terms of increasing your chances of success.

Preview 03:03
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Understanding the Basics
4 Lectures 19:17

We hear this phrase alot, This lecture explains Why cash flow and cash reserves are so important for business survival and how this will effect your chances of success.

Cash is King- But what does that really mean?
01:59

This lecture explains one of the most important concepts of cash flow management. This lecture will show you how your specific cash cycle works. This will enable you to indentify and plan for potential cashflow issues for your business.

Preview 08:09

I explain in simple illustrated terms how cash and profit are different, so you don't make the mistake of using the wrong figures for your decision making.

Cash versus Profit
05:33

This lecture will explain why it is important to consider your personal and business finances together. 

The link between your Personal finances and your Business finances
03:36

How much have you understood on the basics of Financial Management? 

Test Yourself on Basic Financial Management
5 questions
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Understanding your Personal Finances
3 Lectures 18:23

Helping you to assess your personal financial needs, so that you know what you require from your business in the short, medium and longer term.

Quantifying your personal needs
06:04

Assess your personal spending to establish your debt structure and how this may have to be changed, to optimise your chances of success.

Reduce Debt
07:05

This lecture will show you how to assess your current business model. This will help you to check this is the right model for you.

How to check you have a viable business model
05:14

Quiz to ensure you understand the teachings from the second section

Test Yourself On Understanding your Personal Finances
3 questions
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Lets Build our Model
5 Lectures 31:34

Some basic tips and instructions on how to use the spreadsheet.This Spreadsheet  is in the downloadable materials below.

introduction to Your Financial Management Spreadsheet- Download here.
03:18

Here I show you some methods you can use to create a realistic sales forecast for your business. I will cover how to pull the data togther and also how to split the data in it most useful form.

Preview 06:09

I talk you through this quick method to help you with populating your Cost of Sales in the spreadsheet model. I also cover how to recognise your costs of sales items and how to calculate your gross margin.

A Quick Method to help you with calculating your cost of sales
05:30

This lecture talks you through how to forecast and budget for your Startup costs and how this is entered into the model. You will get a  good understanding of what are start up costs and what are running costs

Your Startup Costs
06:50

An explanation of what are overheads and how to include these in the model.

How to Forecast your Overhead Costs
09:47

A quiz to see if you have learnt the key points in Section 3

Test Yourself On building your own Financial Management Model
5 questions
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Understanding the Numbers
2 Lectures 11:51

This lecture shows you where to look and how to see if and when you may run out of cash. By looking at the numbers you have now populated into your spreadsheet we will go through what items you should be looking at if it looks like you may run out of cash.

How to check you don't run out of Cash
07:35

How to use the Business Model template in the spreadsheet, to tell if you are profitable . This lecture also covers how to calculate what is your breakeven sales figure and why this is important to track.

The numbers that make up your business model.
04:16
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Summary Material
1 Lecture 02:23

The Summary video provides the closing points for the course. You will now be able to make decisions based on your own financial management spreadsheet which forecasts forward based on what you know.

The Lesson Learnt  document covers the key points covered in the course. It provides you with a useful text  summary to print off and refer to.

The Jargon Buster covers some of the accounting and financial terms i have referred to in the course so you have a comprehensive explanation for these.

An audioversion is provided so you can listen or refresh your learning on the go.

Lessons Learnt, Jargon Buster and Audio version
02:23
About the Instructor
Hayley Chiba
4.3 Average rating
7 Reviews
1,029 Students
2 Courses
Finance Expert working with small businesses

I spent over 25 years working in industry with large corporations,Working for such large successful companies as Astrazeneca, Balfour Beatty and Unite Group I learnt and was trained in commercial finance aimed to support and grow the business internally.

I now work exclusively with small ambitious business owners, I run my own niche financial consultanty business called Better Numbers Ltd.

I specialise in cash flow management, financial measures and providing day to day and strategic advice on the financial impact of decision making in small businesses.

My lean 6 sigma green belt qualification and experience, coupled with being a qualified management accountant, has allowed me to gain valuable insight into the commercial and financial limitation a small business faces. I particularly love to see how quickly small but targeted improvements can really accelerate the growth of a business.

I work one to one with businesses turning over £1m+ but realised my knowledge and expertise could be effectively accessed through the use of online courses to help those smaller businesses

I am also a property developer and investor and blog frequently on my financial insights for a broad range of different industries. I pride myself as being an accountant with commercial and common sense!

I live and work in Bristol UK with my Partner, son and dog and I was born in Bath UK.