Weekly show where my featured guests and I explore the financial and business challenges women face on the entrepreneurial journey to success. You'll hear them talk about the money side of their businesses in ways you've always wanted to know about, but wouldn't dare ask. They openly share their disappointments, failures, successes, and everything in-between as they grew sales ranging from 6 to 9 figures. Knowing where your business stands financially helps you make critical decisions with confidence. It's simply the best way to be sure you grow a business that fuels the life you want to live.
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episode 136: Her CFO Tips: 4 Steps in Planning Your Debt Financing Repayment and Achieving Long-Term Profitability
Many mission-driven female founders fear having debt in their business. However, when done right, taking on debt financing is actually a great way to grow and expand your business. One way to conquer your fear of going into debt financing is to plan your steps before you even approach a lender. In particular, it would benefit you to have a debt and interest repayment plan in place. Through this, you know what to expect in your business’s financials.
In this solo episode, I’ll show you how to think like a CFO when crafting your debt and interest repayment plan. We’ll dive deep into the financial questions that you need to ask yourself. Our end goal is to create a realistic financial forecast that determines whether or not debt financing is suitable for your business.
So tune in to know more about how you can think like a CFO so that you can plan smartly for the growth and profitability of your business!
Episode Highlights:
- [00:00] Why You Should Plan for Debt Repayment Before Going into Debt Financing
- [02:16] Think Like a CFO Step #1: Create a Debt Schedule
- [03:15] Think Like a CFO Step #2: Review Historical Financial Results
- [05:29] Think Like a CFO Step #3: Clearly Identify the Assumption to Build the Forecast
- [06:51] Think Like a CFO Step #4: Create the Forecast
- [08:02] CFO Services that Will Help You Go Through Debt Financing
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