Launch and Learn Workshop #7 – Financial Basics: Managing Money and Resources

Overview:

This workshop dives into the financial foundation every entrepreneur needs to build a sustainable business. This session focuses on understanding key financial concepts, managing cash flow, and creating simple financial projections. Entrepreneurs will learn how to keep their business financially healthy from day one, even with limited resources.

Participants will cover:

• The basics of budgeting and tracking expenses.
• How to create financial projections, including revenue, expenses, and cash flow forecasting.
• Key financial terms and concepts every entrepreneur should know (profit margin, breakeven point, runway, etc.).
• Different funding options, from bootstrapping to grants, loans, and angel investment.

The workshop is designed to give participants practical financial skills they can apply immediately, with templates and tools for budgeting and cash flow management.

Key Takeaways:

• How to create a budget and manage cash flow.
• Developing financial projections to guide decision-making.
• Understanding different funding options and when to seek outside capital.