Learn financial forecasting techniques suitable for start-up businesses. Understand basic financial statements and learn how to prepare their projections. Understand principles and learn how to execute financial analysis using basic financial ratios and break-even analysis.
EU entrepreneurial competencies: Planning and management, Financial and economic literacy, Mobilising resources
Financial planning is one of the most important parts of business planning. In fact, financial sustainability is key to survival of any project. Finance is frequently one of the pains for many start-up teams. However, there are several financial planning techniques adequate for start-ups. This training fiche will introduce useful financial forecasting techniques, explain the logic of basic financial statements and their projections, and introduce basic financial analysis tools, including the break-even analysis.