Financial Foundations for Food Brands
About Financial Foundations for Food Brands
Define, align, and strengthen the key elements of your business's financial foundations at Financial Foundations for Food Brands
This fundamental training helps food-focused entrepreneurs establish a solid financial foundation with expert-led instruction, tools, and coaching. The training consists of three live virtual group sessions, as well as two 25-minute one-on-one consulting sessions with FFI's Food Brand Expert in Residence, Peter Robertson.
Through group instruction, one-on-one consulting, and a plethora of tools and resources, this training will equip you to embark on a path towards profitability.
Financial Foundations group sessions take place virtually on March 24, March 31, and April 7 from 9-11AM Central Time. One-on-one consulting is scheduled separately at a time convenient for the instructor and participant.
What You'll Learn
Session 1: Optimize Your Business Model
Your business model is the foundation of your success. Start by defining your ideal customer and understanding the unique value you deliver to them. Analyze the competition and highlight what sets you apart. Walk away with actionable strategies and tools to refine your business model, empowering you to make smarter business decisions.
Session 2: Profitability
Are you making money? Understand the process for costing your products to account for unforeseen costs the business may incur and guarantee profitability. Price products with overhead and determine your break-even. Walk away with a cost build-up spread sheet that models out your consumer price.
Session 3: Your Financial Management Process
Start your financial management process right by understanding the three most important financial documents: your profit and loss statement, balance sheet, and cash flow statement. By understanding these three financial documents, you can plan your future growth with confidence.
Private Consulting
You will receive two 25-minute private consulting sessions with Peter Robertson. In these sessions, you’ll work one-on-one with Peter, receiving expert consultation that is specific to your business’s finance needs and goals in a confidential setting.
In order to increase access to our paid trainings, we offer limited scholarships that covers training costs for those who are pre-revenue or have been in business for less than two years or are a member of an underserved community.
What Participants Have to Say
"Financial Foundations was great! The templates I got are helping me put together a more comprehensive financial model and plan for my business. The one-on-ones with Peter helped me identify the financial metrics I should be evaluating, and at what frequency. Definitely will be using the learnings to move my business forward!"
Jenn Brown Founder & CEO, Foraged & Found
Fee: $ 250.00