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Entrepreneurial Finance: Small Business Financial Management Basics

Summary:

Video/Text

Video/Text

Strategic Planning

22 Lessons

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The Different Types of Urgency Campaigns You Can Create
By Rob Stephens
About Entrepreneurial Finance: Small Business Financial Management Basics

Learn the Financial Basics for the Lifecycle of Your Business

You get a financial overview of the entrepreneurial journey from startup, to operations, to exit planning.

Course Highlights:

  • Why and how entrepreneurs start companies.
  • How lenders decide whether to loan you money (led by a small business banker guest speaker!)
  • Where companies get cash
  • Ways to avoid or overcome common financial struggles of small businesses
  • Business plan parts and walkthrough of an example plan
  • Strategic planning steps
  • Important financial metrics to monitor
  • How to project if pricing changes will increase profits or cause losses
  • Basic risk management tools and processes to avoid big losses
  • Options for exiting your business (e.g., sale, ESOP, liquidation)

This course covered some great information, much of it relevant to my job since I consult with many owners of small franchise businesses. The course summarized some very important topics.

Course Review

The modules and lessons are listed below.  Click here for more detail about what's in this course. 

Simple and Easy

Ready to Learn?

My students watch my Improving Your Cash Flow course before we meet as a class. This provides some background information for the lessons below. You can watch that course for more background information for those lessons or just watch the lessons for a short overview I give for concepts from that course and the items I want to highlight from that course. - Business Banking Guest Speaker - Sources of Cash - Cash Flow Management - Financial Metrics Another good resource for business management basic reports is my article 9 Powerful Reports to Master your Business Finances. It explains the basics of some of the most important financial management reports. My MBA students already have that background so I don't cover these basics in this course. Those reports are valuable sources of info for the strategies, ideas, and processes I cover in this course.

My students watch my Business Structures and Benefits for Entrepreneurs Course before we meet as a class. This provides some background information for the next lesson. You can watch that course for more background information for the next lesson or just watch the lesson for a short overview I give for concepts from that course and the items I want to highlight from that course.

Here's the pricing template worksheet featureed in the last video

About the Teacher

Rob Stephens

Rob Stephens is the Founder of CFO Perspective, which provides continuing education courses for CPAs as well as financial management courses for business advisors and staff. He has been quoted in Forbes, U.S. News and World Report, Bloomberg Businessweek, and many other news sources. He is also the author of Conquering Cash Flow and KPIs and KPI Dashboards.

Rob has a 25-year career that includes serving as CFO, Director of Operations, and SVP of Finance. Rob is an adjunct instructor for the MBA program at Gonzaga University.

Rob holds a Masters of Science in Personal Financial Planning and a Graduate Certificate in Financial Therapy from Kansas State University. He received a B.A. in Business Administration from the University of Washington and is a CPA.

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