Your financial forecast is the heart of your business plan.…Without a good forecast, you don't know…if you even have a viable business,…or what financial results you can expect.…When you build your financial forecasts,…build them from the bottom up,…and build them by month based on unit drivers.…So, how many courses are you going to sell?…How many widgets are you going to produce?…Understand how those drive the financial performance.…You'll need to build a full profit and loss statement…with all line items accounted for,…and use the assumptions you've already created…to drive that financial forecast.…
You'll forecast your revenues, your costs,…how much cash you'll have,…what your balance sheet and income statement look like,…and if you don't know how to do this,…seek professional help from a financial firm.…When you build your forecasts,…you're going to want to have several cases.…Build a worst-case…where you have accelerated and increased costs,…and delayed or lower than expected revenue.…Build an expected-case, which should be conservative,…
Author
Released
9/17/2015- Define the problem your business solves.
- Determine a product and revenue model.
- Build a go-to market strategy.
- Describe the components of a product development roadmap.
- Explain how to brand and market a product.
- List criteria for choosing suppliers.
- Identify common pitfalls of business plans.
Skill Level Intermediate
Duration
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Introduction
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Welcome1m 11s
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1. Defining Your Business
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Sizing the market1m 55s
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2. Understanding Your Market
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How you rank vs. competitors2m 48s
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3. Defining Your Product
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Protecting your market2m 41s
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Developing your product2m 23s
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Delivering your product2m 4s
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4. Selling Your Product
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Pricing your product2m 36s
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Selling your product2m 20s
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Supporting your product2m 11s
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5. Running Your Operations
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Managing production2m 3s
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Managing suppliers2m 20s
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6. Managing Your Business
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Leading the organization1m 52s
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Getting advisors2m 2s
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Compensating leadership2m 13s
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Administration1m 20s
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7. Projecting Your Financials
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Financial assumptions1m 47s
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Financial forecasts2m 20s
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Capital requirements2m 27s
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Financial risks1m 50s
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Exiting your business1m 53s
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Conclusion
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Business plan pitfalls1m 54s
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Next steps1m 18s
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Video: Financial forecasts