Financial Responsibilities
Lesson 14 from: FAST CLASS: Turn Your Talent Into a Business in 12 StepsBeate Chelette
Financial Responsibilities
Lesson 14 from: FAST CLASS: Turn Your Talent Into a Business in 12 StepsBeate Chelette
Lessons
Class Introduction - Turn Your Talent in to Business
06:45 2Creating your Vision Statement
02:58 3Creating Your Mission Statement
02:44 4Types of Businesses
04:29 5What To Do with Your Idea
01:20 6Test Your Awesome Idea
09:31 7Competitive Research & Testing
06:21 8Creating Revenue Streams
02:17What’s Your Number?
06:23 10Funding Your Business
06:14 11Creating Customer Profiles
01:54 12Human Capital
02:17 13Organizational Structure
01:09 14Financial Responsibilities
02:32 15Legal Responsibilities
00:59 16Long-Term Growth Strategies
05:39 17Using Automation
01:28 18Your Creative Business Plan
01:47 19The Power of Your Story
01:20 20How To Make Money
01:43 21Marketing Strategies
00:25 22The Non-Sleazy Elevator Pitch
02:51 23Marketing Tips You Need To Know
03:43 24Thinking in the Long-Term
04:46 25Capturing Clients & Where To Start
03:13Lesson Info
Financial Responsibilities
one of the most important things to do to know about financial aspect of your business. You cannot make money without investing money. You cannot grow your business without advertising. Without marketing, you cannot network without going travelling, perhaps to a conference, to a place and connecting with someone in an industry that's money. So you have to be prepared for these types off expenses, and I prefer to look at money that goes out not as an expense, but often times as an investment. That's the mindset I want everybody to have when you think about money. This is, you know, when you pay for the trip, when you pay for the network, when you pay for the dinner with the person you is mentoring you, it's not an expense. It's an investment in your future. What better thing is there to invest and yourself? Because this you can always rely on everybody else who knows. But you yourself can always rely on yourself. Another very important part off financials is budgeting, and you know me b...
y now I really like numbers because numbers tell the story. It doesn't matter what you tell me on how it's doing. I look at your numbers and then I know exactly if the business does anything go. If it doesn't. What's working? What's not working? Um, professional. A professional operation has a number off different elements in it. One is, of course, proper accounting. The other one is proper reporting and budgeting. And I remember I shared the story with my controller when she was walking into my office and she locked the door until she looked at the budget. And if she wouldn't have been so tedious about itemizing where the money was coming from, I would have not, you know, taken made certain decisions that I made. So make sure that the, you know, when you look at the reports and sometimes especially the beginning, it's really hard to not be discouraged by the numbers because the numbers are so bad, right? But it you just do the best you can with what you got. That's all you kind of can do, and then you revise them. And if you haven't reached the number, you haven't reached the number yet, right? So we just go back. It just takes a little bit longer
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