Your First Monthly Read
5 lessons behind you and one page in front of you at the end of every month. This is the knowledge check that tells you how much of it you can already read without help.
Six questions follow, drawn from the five lessons before this one. Answer them the way you would answer somebody across a desk, submit once, then read what comes back on each one.
True or false?
Cash at bank and net burn are between them enough to produce your runway, with no further figure from anybody.
Fill in the blanks
Finish the rule from lesson two
A month of profit is written on when the ________ happened. The account is written on when the money moved.
The month closes and one supplier invoice for a genuine business purchase never reached anybody. Where does the tax paid inside that purchase end up?
Claimed off the bank feed, which already shows what was paid
Unclaimed until the invoice is held, then claimed in the period it turns up
Corrected on the following return with nobody having to do anything
Put these in the correct order
Put the four steps of pricing a hire in order
Read the runway you have now
Price the hire at its fully loaded monthly cost
Apply that cost to the burn from the month it starts
Read the new month the cash runs out
Match the pairs
Match each part of the balance to what it actually is
A price change, a hire and a switch to annual billing are all on the table. When is the conversation with a senior finance adviser worth having?
Before signing the thing that changes what leaves every month
Once the balance has started to look thin
At the year end, alongside everything else that gets reviewed
Finish every lesson here and this academy issues a certificate of completion carrying its own branding and your name, plus a page where anyone can check it. Reading anonymously records nothing, and a free account collects it.
Open the most recent monthly pack and read the three numbers off it before you close this page.