24 min
Business Financial Remodelling During a Downturn 10X Vision
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- Entrepreneurship
In this episode on financial remodelling for downturn economy (startups & small businesses), you'll learn about the remodelling with these fundamentals:
cash reservesContingencyScenario planningConnecting with your customers betterBack to basic and core offeringBack to the fundamentalsKeeping your brand building, organicMarketing if you could come up with more cashYou'll also hear about these critical financial terms which could help you pull out the high level numbers you need to do the remodelling:
Burn rate - how fast do you burn through the cashRunway - how many month can you surviveRevenue = SalesCost of Goods soldGross profit & marginContribution marginVariable CostsFixed CostsOpex (Operating expenses)Cash flowNet incomeBefore or after listening to today's episode, you may also want to check out Ep. 22 - Financial Remodelling for Shifting Economy (for individuals). Together, you'll feel a lot more comfortable with the remodelling because they are all about building your cash, alone with some business insights.
About 10X Vision:
Host: Mina Fung, Founder of Pull Impact, Co-founder of wifaglobal
Music credit: Adventures by A Himitsu, Crimson Fly by Huma-Huma
For tips and lessons learned throughout the podcast, head over to https://www.pullimpact.com/podcast and subscribe to my monthly summary list exclusively delivered to your email box once a month.
Hosted on Acast. See acast.com/privacy for more information.
In this episode on financial remodelling for downturn economy (startups & small businesses), you'll learn about the remodelling with these fundamentals:
cash reservesContingencyScenario planningConnecting with your customers betterBack to basic and core offeringBack to the fundamentalsKeeping your brand building, organicMarketing if you could come up with more cashYou'll also hear about these critical financial terms which could help you pull out the high level numbers you need to do the remodelling:
Burn rate - how fast do you burn through the cashRunway - how many month can you surviveRevenue = SalesCost of Goods soldGross profit & marginContribution marginVariable CostsFixed CostsOpex (Operating expenses)Cash flowNet incomeBefore or after listening to today's episode, you may also want to check out Ep. 22 - Financial Remodelling for Shifting Economy (for individuals). Together, you'll feel a lot more comfortable with the remodelling because they are all about building your cash, alone with some business insights.
About 10X Vision:
Host: Mina Fung, Founder of Pull Impact, Co-founder of wifaglobal
Music credit: Adventures by A Himitsu, Crimson Fly by Huma-Huma
For tips and lessons learned throughout the podcast, head over to https://www.pullimpact.com/podcast and subscribe to my monthly summary list exclusively delivered to your email box once a month.
Hosted on Acast. See acast.com/privacy for more information.
24 min