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- How key performance indicators can help you evaluate your business and guide your decisions
- Different types of KPIs, and whether the indicators are leading or lagging
- Net Profit, Customer Acquisition Cost, Lifetime Customer Value, and more
- Knowing when it’s time to sell your business
- Determining your business value and pre-qualifying buyers
- Preparing the necessary documents and deciding whether to use a broker
- Financial technology options can be an appealing option for entrepreneurs who have trouble accessing funding through traditional lenders
- However, fintech can also come with higher interest rates and more onerous repayment terms
- Proceed with caution when looking for financing
- Investors can provide funding to help a promising new business grow
- The components necessary for a successful investment pitch
- How different types of investors work and what they’re looking for
- A dashboard offers an easy way to track key metrics related to your business
- Tracking sales, return on investment, employee performance, and more
- Factors to consider when creating your dashboards
- While entrepreneurs often focus on profitability, cash flow is arguably the more important consideration
- The benefits of tracking how money is coming into your business and how it is being spent
- Calculations involved in calculating and predicting cash flow
- Disruptions ranging from natural disasters to the departure of key staff can impact your business
- Creating a contingency plan to mitigate the scenarios you believe your business is most likely to face
- How contingency planning can benefit your business
- Some businesses can be started up at the home, while others necessitate a commercial space
- Understanding factors such as zoning rules, tax laws, and practicality when deciding whether to run a business out of the home
- When it makes more sense to purchase a space rather than rent one
- Any business is subject to risks that could wipe it out if adequate protections are not in place
- The different types of business insurance available, and how to decide which one is right for you
- Special considerations for business interruptions and home-based businesses
- Finding the funds necessary to start or expand a business until it can reach profitability
- Forecasting expenses and revenues as part of your business planning process
- Calculating how much money you’ll need to sustain your business until you break even
