Are you spending your funding on product development?

Have you built a business model? What’s your financial plan? Avoid making common mistakes…

At the latest Entrepreneurship 101 lecture on Financial Planning,  MaRS Advisor Kerri Golden answers frequently asked questions and examines the financial plans of both successful and failed companies – see how yours compares.

Want to get our company on its financial feet? Get to know the following tools:

  1. Income statements
  2. Cash-flow forecasts
  3. Expense statements
  4. Balance sheets

In the video and presentation, Kerri shows you how. She also refers to Alexander Osterwalder’s Simple Business Model Canvas. Look it up: you need a business model before you even start on your financial plan.

To learn more, check out the video and articles below.

Also at Entrepreneurship 101 this week, Suresh Madan President of TiEQuest Toronto reminded interested applicant that the submission deadline for Canada’s largest business venture plan competition is fast approaching: January 31, 2011.

Downloads and Resources:

Entrepreneurship 101 2010/11 – Financial Planning from MaRS Discovery District on Vimeo.

Marielle Voksepp

Marielle works as part of the education team at MaRS. She helps entrepreneurs get access to business resources both online and in-person. See more…