GOOD FOOD WORKSHOP


GROW YOUR FOOD BUSINESS. PREPARE FOR FINANCING.

Food Finance Essentials is a multi-week intensive experience designed to tune up your business model, improve your financial know-how and operations, and position you for financing.

This training is for you if your Food Business is interested in:

  • Clarifying your business model because you’re expanding or pivoting
  • Understanding your financial position now and in the next 12-24 months
  • Identifying your capital needs and what your business can afford
  • Practicing your business pitch
  • Preparing to apply for funding, loans, or other investment

 
APPLY HERE BY APRIL 29

Overview

This training is fun and intensive! Over the course of several weeks, you will participate in group
Zoom sessions (10am-Noon) about 1x/week with the entire group to learn critical concepts, then work in 1:1 sessions with an advisor and on your own during each week on your specific homework. The training culminates in a storytelling showcase event.

Learn from Experts and Advisors. Leave With:

  • A business model tune up
  • Profit & loss statements, uses of capital for your business, and your capital needs
  • 1:1 advising/coaching from business professionals
  • Downloadable templates, worksheets, resources, and tips you can use anytime
  • A pitch deck you can use for any funding or loan application

PLUS: Participants who complete the training will be eligible to receive additional technical assistance in accounting or industry-specific professional consulting to prepare for growth and capital.

6 Spots Available. Apply by April 29.

 

Requirements & Eligibility

  • You’re a “good food” business. You’re a product maker, a restaurant/caterer/mobile truck owner, or a farm/CSA focused on using whole, minimally processed ingredients and are located in Metro Detroit or Washtenaw County.
  • You’re a growing business. Your business has been in operation for at least 2 years, generating an annual revenue of $20K+, and seeking financing or investment in the next 6-12 months. No Pre-Start Ups for this training.
  • You’re ready to commit. You and one colleague (optional) are highly motivated and able to commit to the training schedule below (2 hour sessions), meet with advisors for up to 2 hours per week, and spend additional time on your own each week to complete homework.
  • You can connect and are familiar with online tools. You have access to a computer and Internet connection to participate via Zoom. You also have some familiarity with Power Point, Google Slides, Excel or Google Sheets.

 

Training Schedule

(Each session will be 2 hours long from 10am – Noon ET)

  • Monday, May 9 – Session 1: Training Kick Off, Business Model Tune Up
  • Monday, May 16 – Session 2: Components of a P&L, Your Financial Position, Financial Forecasting, Understanding Cash Flow
  • Monday, May 23 – Session 3: Uses of Capital, Identifying Capital Needs, How Much You Can Afford
  • Monday, June 6 – Session 4: Pitch Deck components, What Lenders Look For, Loan Application Checklist
  • Week of June 13 – Final Session: Pitch Storytelling Event* – The training culminates in a pitch storytelling event in front of advisors and other industry guests to gain additional experience and insights.*This event may take place in-person in Detroit or virtually depending on COVID safety preferences and guidelines.
APPLY HERE BY APRIL 29