May 15, 2015
Starting June 3rd, I will be running a 4-week online course in conjunction with Portland State University focused exclusively on the financial side of starting and running a food business. This, along with marketing questions, is the one area I get asked about more than any other and is not simply I can easily devote a few web posts to and call it a day.
If you feel like your financial knowledge might be holding your business back, whether you already have your business in place or if you’re an aspiring food entrepreneur, this course will aim to get you up to speed quickly and confidently. Topics covered will include the following:
- Understanding what your startup costs are and your ongoing operating costs
- Creating a cash forecast to understand the inflows and outflows of your business model
- Comprehensive product costing and developing a pricing strategy that makes sense and makes money
- Knowing where your break-even point is so that you know what you’re working towards
- Overview of your funding options and focus on determining how much outside funding might be needed either now or later
The online course includes one weekly live seminar on Wednesdays from 6:15-7:15p PST (this seminar is recorded so that you can watch it later if that time doesn’t work for your schedule), weekly readings and videos to complement the live seminar and material we’re working on, one-on-one mentorship, access to financial spreadsheets and tools, and assignments to ensure you understand the material being presented and are working on moving your financial knowledge forward.
The course, which begins June 3rd and ends June 24th, costs $459. If you’d like more information or would like to sign up for the course, please contact Portland State University by clicking here.