A brief presentation on the value of entrepreneurial financial skills

1. Finance is Fun
Jack Foley

2. 20 minutes (<)
1. Entrepreneurial or ostrich business-design
strategy?
2. The financial skills you need are easy to build
3. The online financial skills course
4. But what about the FUN!

3. Financial
Model
Business
Model
Business
Idea
(1) Entrepreneurial
Your plans for:
• Buying & Selling
• Overheads
• Funding
• Fixed Assets
Projected:
• Profit & Loss
Account
• Balance Sheet
• Ratios
But will it make
money?

4. Financial
Model
Business
Model
Business
Idea
(1 cont’d) Ostrich
I leave finance to accountants
I’ll pick it up once we are up and running

5. 8 out of 10
start-ups fail
within 18
months

6. Why?
18 Months
8
2
Idea or Events
“18 months” suggests you have
to get it right before you start!
The avoidable errors:
• Profit margins too low (Pricing)
• Overheads too high
• Cash crisis
• Equipment
• Working Capital policies
• Not enough start up capital or
too much borrowing
Business Model
That’s life!
That’s sad!

7. (2) And it is so simple

10. Nowis the
time to learn
Lean?

11. (3) The online course
• Complete the simple quiz and email it back
• We send your login details
• Log in to www.fabeducation.com
• Complete the foundation course in Step 1
• Email for support it you need it – we will
follow through and contact you anyway
30 days!
Learn by “doing”
Systematic Learning”

14. • Learn it
• Speak it
• Do it

15. Lean financial skills
Buying &
selling
Overheads
Funding
And
Fixed Assets
How to
generate
profit
How not to
run out
of cash
Ratio
analysis
❷ ➌ ➍ ➎ ➏❶
1 Video
2 Quick Practice Guide
3 Practical Financial Quiz
4 Key learning points and workbook references
5 Multiple choice questions

16. (4) But where’s the FUN bit?
• The FUN is:
– Using FaBLinker to explore and perfect the
business model
– Having a business that you can enjoy and does not
fail on a TKO.

18. The big question
How many of you will
complete the finance
course
?