Business Finance for Music Teachers
This course could be considered the 200-level follow-up to the financial principles introduced in Business Building 101. It’s ideal for the teacher who wants a deeper understanding of their finances and the tools to catch and diagnose red flags in their business before they become major problems.
This course may be for you if you’ve ever had questions like:
- Should I continue solo teaching or open a multi-teacher studio?
- How can I run a sustainable multi-teacher studio and still treat my teachers well?
- Can I afford to invest in a commercial studio space? Is it a smart investment?
- Should I self-finance this project or take out a loan?
- How do I prepare financial statements for a business plan?
- How can I make my business more attractive to a buyer or investor?
You’ll learn:
- How to build a studio that meets your personal and business financial goals
- How to read and interpret the most common financial statements
- Real business financial terms so you can confidently speak the language of bankers/investors
Course includes:
- Self-paced video lessons and course workbook
- Four live office hour sessions with Andrea
- Templates to jumpstart your financial planning
- Calculators to help evaluate business opportunities
Upcoming Office Hours: TBD
Can’t make this session? Join the next session! Future hours are set by polling enrolled participants.
Course Content
Welcome
Welcome and What to Expect
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Office Hours Info
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Office Hour Replays – Jan-Feb 2023
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Module 1: Developing Financial Assumptions
What’s Your Vision? [worksheet]
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Getting Acquainted with “The Spreadsheet” [video]
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How to Use the Key Calculations Worksheet [video]
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How to Enter Income Statement Assumptions [video]
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How to Enter Balance Sheet Assumptions [video]
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How to Enter Cash Flow Assumptions [video]
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Module 2: The Income Statement
Decoding the Income Statement
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Troubleshooting Income Statement: Four Levers
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Module 3: The Balance Sheet
Decoding the Balance Sheet [video]
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Troubleshooting the Balance Sheet [video]
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Module 4: The Cash Flow Statement
Decoding the Cash Flow Statement [video]
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Troubleshooting the Cash Flow Statement [video]
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