Episode 138: How to Generate Your Financial Plan
What We Cover In This Episode:
Defining your financial plan and what it actually means to have one [0:32]
The top 5 elements that go into a financial plan that studio owners should be watching for [2:07]
How to approach building a chart of accounts [6:16]
Resources that can help you with your financial acumen [11:04]
Why having a good bookkeeper is key in this process [12:01]
Our thoughts on working with a financial modelling coach [12:20]
What can happen if you do not have a financial model in place [12:52]
Quotes:
"Probably the most important thing is keeping up with your books every month…
The skinny
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