In this lesson, Constantin will lead you through the three main financial statements:
🌻 Balance Sheet
🌻 Income Statement
🌻 Cash Flow Statement
which you will need to properly steer your enterprise, as well as understand the basics of business valuation.
You also will have a better understanding of how to price your products effectively and maximize your profits.
🚀 Here is a glossary of the financial terms used in Constantin's videos shared below. Take a look at this glossary as it offers an additional explanation of the financial jargon and will help you better understand the videos.
🚀 Watch Constantin explaining The three financial statements
🚀 Watch Constantin discussing how to use the attached worksheet to insert Inputs of the financial statements and Valuation
🚀 Here is an interesting article that covers the basics of pricing strategies
⚡This week, as you continue to construct your personal financial plan, focus on developing your pricing strategy using the link provided in the section above.
🌱 Make sure to be ready to discuss your progress in the upcoming session. You will receive constructive feedback from the specialist and all attendees during the live session.
The Ground Vertical Farming Finance Model spreadsheet serves as a practical illustration of a robust financial model, featuring all the essential elements that you can utilize as a blueprint.
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