Own It!

Keeping Your Hand Out of the Cookie Jar (I.4(C))

This submodule teaches the fourth wall of the "corporate veil" - keeping your personal and business assets separate. This also teaches how to identify money moving between the company and owner as loans, contributions, and reimbursements.

Learning the Measurements (I.4(D))

Take a moment to learn the key three financial documents for a business - a balance sheet, a profit and loss report, and a cash flow statement.

Make Your Shopping List (I.4(E))

Just like a shopping list can help increase efficiency and decrease spending at the grocery store, an opening budget can help plan for the opening of your business. This covers planning for expenses before your company makes any income.

Meal Prep (I.4(F))

Creating a regular budget can help a company determine what to charge for its services and what funding assistance may be necessary for start-up costs (if any).

Borrowing a Cup of Sugar (1.4(G))

Understand the different kinds of loans out there, as well as where loans may come from. Learn to be clear about what you want to borrow and the terms you may encounter.

In-Home Chef or Ordering In (I.4(H))

Accidental investing is common with small businesses. Determine whether an investor is right for your business - deliberately. Learn how to weigh the pros and cons of investors in your business compared to lenders.