Why you should take this workshop
Have you been procrastinating on your financial statements afraid to take a look at the financial state of your business? Even as a new startup, its important to understand your business' relationship to money so that you can make key decisions. Your Profit and Loss Statement can tell you a lot on how well your business is actually doing. Not enough emphasis can be given on the power of knowledge in any business. Knowing your numbers will give you the power to change the future. The real value is gaining insight into the actions and decisions that either yielded the profits or ended in losses. You don't need to be a financial expert to get started! Join IFundWomen and Unilever's Lindsey Lapin and Nalini Ramesh for this insightful instruction on putting together a simple P&L statement. You will learn how to identify the key line items for your P&L, how to use your P&L to make savvier business decisions, and how to create projections for the future.
- 40 minutes of expert instruction from Nalini Ramesh, Financial Reporting Manager @ Unilever, and Lindsey Lapin, Brand Manager @ Unilever; 15 minutes of Q&A
- Live demo of a step-by-step process for creating a P&L
- A re-usable template for a P&L statement
- Access to the live replay in the IFundWomen Workshop Library
You will learn
- How to prepare a simple P&L statement from scratch
- What key line items you should include in revenue and expenses
- How to use your P&L to make business decisions
- How to use your P&L to make financial projections
Learn what a P&L statement is and why its important for your business.
Learn key financial terms and line items you need to know in order to put together a strong P&L.
Learn how to create a P&L step-by-step from scratch using a sample business model template.
Learn how to use your P&L to gain valuable insights and make key business decisions based on financial ratios.
Get an overview of which tools and technology you can use to help you automate your financial P&L.
About the coach
Lindsey Lapin is the Brand Manager for Value Skin Cleansing at Unilever. Originally from Houston, Texas, she attended Duke University for undergrad and subsequently spent 5 years in NYC working in media planning and buying. Interested in transitioning to a career in Brand Management, Lindsey left New York to get an MBA at the Kellogg School of Management at Northwestern University. After graduating from Kellogg in June 2015 and spending the summer months traveling internationally, she began her first role at Unilever helping to manage the Suave brand. During her 5 years at Unilever, Lindsey has managed multiple brands including Suave, Pure Leaf, and Q-tips, and currently looks after 3 skin cleansing brands: Caress, St. Ives, and Lever 2000. She currently lives on the Upper West Side of NYC with her husband Andrew, with whom she tied the knot this past November.
About the coach
Nalini Ramesh, Financial Reporting Manager at Unilever, is a well-accomplished financial accounting and reporting professional with broad experience in analysis, budget planning and forecasting. As a seasoned financial professional with more than 20 years of experience, Nalini has worked with Pepsico & IBM before joining the team at Unilever. Nalini is an active board member for a non profit organization promoting music and arts and conducts seminars periodically to educate women to be financially independent. In her spare time, Nalini enjoys cooking and gardening.