OpenUp: Transferring your Balance Sheet to a Financial Statement
Do you understand the difference between a balance sheet and a financial statement? This is one of the big tests every CEO will be put through. A financial statement review process becomes a great way to monitor the health and viability of a business.
Before approaching investors, founders will need very clean and defensible financial statements that show revenue and spends on a monthly basis plus the triggers or implications that influence these numbers.
Yes, this information comes from a balance sheet, but mapping the fields and reclassifying the data that came from balance sheets will help founders view their business in a dashboard format that investors expect and are also monitoring.
This webinar will cover
- The difference between a balance sheet and a financial statement
- Healthy monthly habits to follow to help you understand your business drivers and growth opportunities
- How to convert your balance sheet to a financial statement
- What investors are looking for in a financial statement
WHO SHOULD ATTEND
Founders who are in the early stages of business growth and need to get a better financial understanding about their business
This is a recording of a virtual webinar interview
Meet The Experts
Christina Sjahli is the founder of Profit Reimagined™, a consulting firm that provides virtual CFO services and a finance team to purpose-driven founders. Prior to founding Profit Reimagined™, she spent 20+ years in financial management and reporting, strategic planning and analysis, and capital raising management for growth-stage and matured companies.
Tara Spalding is Managing Director of BoomStartup Accelerator. BoomStartup is an accelerator and mentorship-driven angel-stage investment program for startups. It operates as an online technology-driven accelerator, providing entrepreneurs a custom business plan including business maturity guidance, investment preparation, and capital structuring relevant to growth, and investment strategies as well as a curated marketplace for services. Tara is also the founder of Hen House Ventures, an early stage incubator that helps tech companies rapidly scale when entering massive markets, and is also on the board of trustees for VentureCapital.org. Tara is the recipient of the 2020 Utah Business 30 Women to Watch award.