today we learnt Financial Modelling. A really crucial and important part in running an enterprise. initially I thought that it will be a challenge for me. I did having some head ache trying to understand this, but eventually it all make sense. ( I forgotten that numbers has always been my thing )
So with having a financial model you could:
1. determine what kind of sales or revenue you want to earn monthly
2. how do you price a product so you wont lose money instead.
3. when you should start hiring
4. when you're going to run out of cash
5. how much is your startup capital you need
6. how to quickly access your business each month to ensure you are meeting your goals you set
and the learning is definitely worth while. Can't wait to get started and test around with different business model and products.
The speaker was Mr. Amir Amha, an advocate for education reform, corporate citizenship and non-profit capability development in Malaysia of MAGIC
our opex/capex and potential revenue stream
my Malaysia Room @ MAGIC
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