Financial Forecasting Class – Uptima Business Bootcamp

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

Lead Instructor & Mentor

Online

Join an Upcoming Class

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

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.