Format: Group coaching with 1-5 or up to 1-10 participants

Coaching Models Can Use: Solution-Focused Coaching Model, GROW Coaching Model, OSKAR Coaching Model, CLEAR Coaching Model, AOR Coaching Model, and/or FUEL Coaching Model

Why: To help founders manage their finances effectively to support business growth and sustainability.

Who Should Join: Founders needing to improve their financial planning and management skills.

Who Qualifies to Join:

• Founders with access to financial records, basic knowledge of accounting principles, and current financial data.
• Founders who are experiencing financial management challenges.
• Founders willing to implement financial planning strategies.

The Benefit: Founders will learn about budgeting, financial projections, cash flow management, financial analysis, and funding strategies.

The Requirements:

Assessment Before: Pre-lab survey to gauge current financial management practices and understanding.

Assessment After: Post-lab assessment to measure improvement in financial planning and management skills.

Difference from 16-week Program: This lab provides detailed, practical exercises in financial planning and management, including hands-on workshops and tailored strategies, enhancing the comprehensive financial content covered in the 16-week program.

Week 1: Budgeting

• Objectives:

1. Basics of budgeting
2. Creating a budget

• Preparation:

1. Gather your historical financial data.
2. Prepare a preliminary budget for your business.

Week 2: Financial Projections

• Objectives:

1. Importance of financial projections
2. Creating financial projections

• Preparation:

1. Collect data on your revenue and expenses for the past 12 months.
2. Develop assumptions for future revenue and expenses.

Week 3: Cash Flow Management

• Objectives:

1. Understanding cash flow
2. Cash flow management strategies

• Preparation:

1. Review your current cash flow statements.
2. Identify periods of cash surplus and deficit.

Week 4: Financial Analysis

• Objectives:

1. Basics of financial analysis
2. Analyzing financial statements

• Preparation:

1. Prepare your financial statements for analysis.
2. Research key financial ratios and their significance.

Week 5: Funding Strategies

• Objectives:

1. Overview of funding options
2. Choosing the right funding strategy

• Preparation:

1. Identify your business's funding needs.
2. Research different funding options and their pros and cons.