This week students in my Intro to Entrepreneurship course we are working through financials for startups. Financials was one of my weakest areas when I became an entrepreneur, it frightened me and seemed mysterious. Thankfully, I’ve had many wonderful mentors since then who have helped me see that financials is nothing more than understanding how one makes money and when. It can be explained with simple metaphors, and consists of nothing more than simple concepts layered together.
Here is my lecture video (broken into <5 min segments). As always, input is greatly welcomed!
- I: Introduction
- II: Income Statement: projected then reality
- III: Financial levers
- IV: Cashflow statement
- View sample spreadsheet