At last week’s Entrepreneurship 101 lecture, Andrew Graham, Senior Director, Corporate Development at George Weston Limited, made sense of what is often seen as a rather complicated subject.
His lecture dissected the basic tools of financial planning:
If you want to get investors’ attention, you have to have a realistic plan that shows how you will spend and make money. You also need to be able to understand the details: revenue, cost of sales, gross margin, operating costs and more.
This lecture used several case studies to show how companies forecast growth both successfully and unsuccessfully.
For more on how to build your financial plan, watch this Quick Hits video:
To watch the entire lecture, click here.
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Next week’s lecture: Meet the Entrepreneurs – Social Innovation.
Don’t miss this great networking opportunity!