Open For Enrollment
Starts in 4 days
This exclusive course is part of the program:
Money Matters for Creative Entrepreneurs
Go at your own pace
4 Sessions / 13 hours of work per session
Included w/ premium membership ($20/month)
Skill Level
Beginner
Video Transcripts
English, Spanish; Castilian, Chinese, Portuguese
Topics
Budgeting, Financial Systems, Excel, Entrepreneurship
Open For Enrollment

Financial Systems for a Successful Studio

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Go at your own pace
4 Sessions / 13 hours of work per session
Included w/ premium membership ($20/month)
Skill Level
Beginner
Video Transcripts
English, Spanish; Castilian, Chinese, Portuguese
Topics
Budgeting, Financial Systems, Excel, Entrepreneurship
Course Description

You know what creative systems you need for a successful practice. But what business systems do you need? This course outlines the primary financial statements used to track progress towards creative goals. We’ll measure “worth,” manage cash, spot variances, and protect your assets. All in a creative context.

schedule

This course is in adaptive mode and is open for enrollment. Learn more about adaptive courses here.

Session 1: The Budget Becomes Real (October 23, 2018)
Profit & Loss Statement + Using a P&L.
7 lessons
1. Welcome & Overview
2. Profit & Loss Statement
3. Building a P&L
4. Understanding Variances
5. Break-even Points
6. Rolling Forecast
7. Session Recap
Session 2: Managing Cash Movement (October 30, 2018)
Distinguishing cash flow from profit, Creating a cash flow forecast, and Migrating cash challenges.
8 lessons
1. Cash Challenges
2. Creating a Cash Flow Forecast
3. Build an Emergency Reserve
4. Diversify Your Income
5. Pricing Strategies: The Math Way
6. Customers & Competition
7. Competencies: The Value You Add
8. Using Debt to Manage Cash
Session 3: Snapshot of Financial Health (November 6, 2018)
Assets, Liabilities, Net Assets/Worth/Equity and Connect Balance Sheet components to (financial) goals.
6 lessons
1. The Balance Sheet
2. Defining Assets
3. Liability Basics
4. Net Worth
5. Investing Assets
6. Session Recap
Session 4: Protecting What You Have (November 13, 2018)
Protect Income, Protect Assets, and Protecting Creativity
7 lessons
1. Protecting Your Stuff
2. Protecting Your Income
3. Protecting Yourself
4. Protecting Your Professionalism
5. Protecting Your Creativity
6. Final Project
7. Course Recap
Reviews
Learning Outcomes

Below you will find an overview of the Learning Outcomes you will achieve as you complete this course.

Instructors & Guests
What You Need to Take This Course
  • Equipment: A computer with a database software system (XLS is preferred, but Numbers or another open-source system will work)
  • An open mind
Additional Information

Please note: Taking part in a Kadenze course as a Premium Member, does not affirm that the student has been enrolled or accepted for enrollment by Columbus College of Art and Design.

In order to receive college credit for these program courses, you must successfully complete and pass all 3 courses in this program. If a student signs up for the Money Matters for Creative Entrepreneurs program, it is recommended that these courses are taken sequentially.

*Partial credit will not be awarded for completion of only one course.

Peer Assessment Code of Conduct: Part of what makes Kadenze a great place to learn is our community of students. While you are completing your Peer Assessments, we ask that you help us maintain the quality of our community. Please:

  • Be Polite. Show your fellow students courtesy. No one wants to feel attacked - ever. For this reason, insults, condescension, or abuse will not be tolerated.
  • Show Respect. Kadenze is a global community. Our students are from many different cultures and backgrounds. Please be patient, kind, and open-minded when discussing topics such as race, religion, gender, sexual orientation, or other potentially controversial subjects.
  • Post Appropriate Content. We believe that expression is a human right and we would never censor our students. With that in mind, please be sensitive of what you post in a Peer Assessment. Only post content where and when it is appropriate to do so.

Please understand that posts which violate this Code of Conduct harm our community and may be deleted or made invisible to other students by course moderators. Students who repeatedly break these rules may be removed from the course and/or may lose access to Kadenze.

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