09/13/2021
If you are a current or aspiring business owner looking to improve your financial projections and analyses, this program is for you! Will Pouncey of Optics Consulting is bringing his expertise on startup funding, growth strategies, and financial forecasting to the IDEA Bank! This program is free and open to students and the public. RSVP here: https://www.troy.edu/community-outreach/idea-bank/index.html?trumbaEmbed=view%3Devent%26eventid%3D155237927
"Back of the Napkin Numbers"
Good financial projections can help entrepreneurs increase their confidence when starting a business, effectively pitch to founding partners and team members, and maximize their chance of receiving funding/investment. In the pre-sales stage, entrepreneurs don't have historical data to utilize for financial analysis. Instead, they must be creative and resourceful. This pre-sales form of financial projections is commonly referred to as "back of the napkin numbers". To do this right, entrepreneurs must make accurate assessments in three key areas: Opportunity, Performance, and Cost. In this session, we will first discuss how to create great financial projections as a startup, and then we will work through an example together to showcase these concepts in action.
More on Will Pouncey:
Will is the President and Lead Finance Consultant of Optics Consulting, a management consulting firm advising business owners in three key stages of the business life cycle: startup, growth, and sale. Will's responsibilities as a finance consultant include M&A Advising, startup funding, growth strategy, and financial forecasting/modeling. Additionally, Will is the primary Advisor for Optics with the Small Business Development Center at Troy University. Will earned his master's degree in economics from Troy University and is certified in financial modeling and valuation. When not working, he can be found spending time with his fiancé, Bailey, and their German Shepherd, Bexar (Bear), playing golf or chess, or working in his woodshop.