Financials - course description John shows you how to get financial numbers that make sense, fast. In the course “Get Rich Numbers”, he explains what financial numbers you need, their purpose, and how to get them – without feeling a bit scared of the unknown world of finance and financial numbers: Snippet 1 • Forecasting and modeling your Financial Statements • Income Statement • Balance Sheet • Cash Flow Statement Snippet 2: “Valuing the Company & Wealth Creation” consists of 4 Sections in which John steps through details of putting a financial value on your startup and shows you how much wealth you could create. 1. Introduction 2. Capital Required + Investors’ Questions 3. 7 steps to the money: Example 4. Example: Detailed $ Valuation John begins by emphasizing that every company needs $ Numbers. • $ Sole Proprietor • $$ Small Business • $$$ Venture Capital Backed Startup • $$$$ Unicorn He is aware that most people are afraid of numbers, especially finding financial numbers strange and hard to make sense of. And founders do not know how to forecast financial statements. John goes on to show how financial numbers are simple to understand, easy to get, and quick to put to use in your plan for your new enterprise. In this course he discusses the key financial questions you will be expected to respond to: • “How much money will we need?” • “How big a business could this be?” • “How many people need to be hired?” • “How valuable is our start-up?” Tip: John notes how you too can do what serial entrepreneurs do: use a simple financial model to boost the speed of producing the financial numbers you will need. He gives an example of the financial model he uses: QuickUp™ • Simple model in Excel • Real world • Pre-loaded $ As Snippet 1 begins, John discusses how the purpose of a financial forecast is to tell your story about your idea – in numbers. He emphasizes the financial forecast is not a forecast of the future. Rather, it is a “plausible outcome” and thus a “story”. John goes on to explain how to understand and use • The Big 3 Financial Statements • Key ratios (what & why) • Apply them to constructing the plan for your startup. In detail, he walks through what each of the family of key financial statements is, how they are inter-related, and how to interpret each: 1. Income Statement? 2. Balance Sheet? 3. Cash Flow Statement? 4. How are they linked, do they work together?