Financial Forecasting Class

Locations Duration Next Application
Deadline
Online 6 weeks 09/04/2020
Apply Now

Overview

In our Financial Forecasting class, you will gain a basic understanding of the key components of a business’ financial forecast, learn how to create a forecast based on your business plans, and build a financial forecast for your business. This class is 6-weeks long and is well suited for small business owners and startup founders who are looking gain a better understanding of the numbers behind their business and create a realistic financial forecast for growth.

What You Will Learn

Unit

Topics Covered
Money Mindset
  • Gain an understanding of the energy of money, your relationship with money, and how that plays into your business’ finances
  • Learn how to separate your personal and business finances, and how to gather and track your business’ financial information
  • Gather relevant startup expenses and other financial information to understand your business’ financial position
Contribution Margins
  • Gain an understanding of fixed and variable costs in a business
  • Identify the costs associated with producing and delivering your products and services
  • Calculate contribution margins for each of your products and services
Customer Lifetime Value
  • Gain an understanding of customer acquisition cost and customer lifetime value as key financial metrics
  • Identify the costs associated with acquiring and serving customers
  • Use business data to calculate customer acquisition cost and customer lifetime value
Forecasting Expenses
  • Review your business’ current costs and identify future costs to grow your business
  • Learn how to translate cost structure into an expense forecast
  • Develop an expense forecast for the business
Forecasting Revenue
  • Review your business’ current revenue streams and identify future revenue streams
  • Learn how to translate revenue streams into a revenue forecast
  • Develop a revenue forecast for the business
Forecasting Cash Flow
  • Learn how to forecast and manage cash flow
  • Gain an understanding of how to use the cash flow forecast to determine short and long-term funding needs
  • Develop a cash flow projection and identify funding needs for the business

Prerequisites

Must have either an up-to-date business or strategic plan or be in the process of creating a business or strategic plan.

Commit to Building Your Business

Average time commitment for our Financing Forecasting class is 8-10 hours / week dedicated to building a realistic financial forecast for your business, and includes the following weekly activities:

Title

Weekly 
Activity Weekly Commitment
Background Materials
  • Series of required background readings and videos on each unit to be completed online prior to the weekly online workshop
  • Describes concepts and their applications in building your financial forecast

1-2 hours / week

Workshops
  • Weekly online workshops led by an expert instructor
  • Lecture and discussion on background materials, group activities, and reflection

2 hours / week

Business Development Activities
  • Weekly activities focused on business development
  • Apply concepts learned in background materials and workshops

4-5 hours / week

Peer Mentoring
  • Weekly phone meetings with small peer group of other business owners in your class
  • Present weekly business development activities and receive constructive feedback from peers

1 hour / week

Meet Your Mentors

Naima McQueen

Naima McQueen

Lead Instructor & Mentor

Online

Join an Upcoming Class

Our Financial Forecasting Class is offered online with the following schedules.

 

Online

Enrollment Period Program Dates Application Deadline
Fall, 2020 September 23 - October 28 September 4

How Much It Costs

The cost of our Financial Forecasting Class consists of a course fee of $600.

We charge a $25 deposit to reserve your space in the class. This deposit is credited against the payment of your course fee, where applicable.

Financial Assistance

Because we believe in entrepreneurship as a means to close the racial wealth gap, we offer financial assistance programs for entrepreneurs of color.

For entrepreneurs of color, we offer financial assistance covering up to 100% of your course fee and payment plans, based on your household income and the number of people in your household.

Accelerate your business.