Course curriculum

  • 1

    Course Intro (Mindset)

    • Importance of Business Finances

    • Explaining the Journey

    • Course Objective

    • How to navigate the course
  • 2

    Owner Clarity - Knowing where you are now

    • Introduction

    • Income Statement - Income

    • Income Statement Cast of Goods Sold

    • Income Statement - Expenses

    • Income Statement - Other/Net Income

    • Balance Sheet - Assets

    • Balance Liabilities

    • Balance Sheet - Shareholder Equity

    • Chart of Accounts Explained

    • COGS & Chart of Accounts Breakdown

    • Owner Clarity Walkthrough
  • 3

    Bookkeeping Basics

    • Bookkeeping Basics

    • Should you hire a bookkeeper?

    • What your bookkeeper should be doing

    • What reports do we need next?
  • 4

    Expense Analysis

    • Expense Analysis Step 1 - Expense By Vendor Summary

    • Expense Analysis Step 2 - Profit and Loss (Income Statement)

    • Expense Analysis Step 3 - Budget Template

    • Introducing Company Budgets

    • Expense Analysis Step 3 Company Budget

    • Conclusion
  • 5

    Tracking Performance Metrics

    • Why and What we need to Track

    • Marketing KPI Intro

    • Marketing KPI Tracker

    • How to track Sales Performance

    • Tracking Administrative Performance

    • How to find Bottlenecks

    • Financial Ratios and why we need them
  • 6

    Money Management

    • Allocations and Budgeting Overview

    • Introduction to the Profit First Method

    • How to Allocate funds

    • Allocation Walk:-through

    • Understanding Evaluations

    • Monthly Evaluation Basics

    • Quarterly Evaluation Basics
  • 7

    Financial Strategy

    • Financial Strategy Overview

    • Balancing Goals

    • Financing Alternatives

    • Cost Management

    • Managing Liquidty

    • Tax Management

    • Financial Risk

    • Retirement Planning

    • Succesion Planning
  • 8

    Business and Tax Strategy

    • Overview

    • Game Of Taxes Explaind

    • Rules of the Game

    • Deductions and Carry Forward

    • Deferrals

    • Depreciation

    • Tax Strategies Intro

    • Section 179

    • Section 280(A) - Augusta Rule

    • 1035 Exchange

    • Real Estate Professional Tax Credit p1

    • Real Estate Professional Tax Credit p2

    • Home Office Reimbursement Walkthrough
  • 9

    Putting It All Together

    • Wrapping Things Up with a RECAP

    • Whats Next?
  • 10

    Resources

    • Resource Folder

Instructor

Founder

Michael Glaspie

While serving as a Special Forces Green Beret, Mike got his start in real estate investing. This was where his love for finance and business found its perfect match. Not only has he co-founded a team of over 100 agents, but he has also owned and managed over 130 rental units and served as the CFO of a private equity firm for two years. With almost 8 years of commercial real estate experience as a broker, lender and a certified CCIM Instructor, he now operates as a Fractional CFO to real estate investors sharing his insights and strategies for business success with investors across the country. Accolades: Bachelors in BA – University of Houston - Downtown M.B.A – University of North Carolina Chapel Hill P.M.P – Project Management Professional CCIM – Certified Commercial Investment Member Publications: “The Elite Investor: A Military Approach to Real Estate Problem Solving” – Amazon Best Seller