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Business and Financial Canvas, Jewish Business and Financial Planners in Los Angeles, CA

My name is Brad Hofman and I have been providing consulting services for over 15 years.  I managed to gain a lot of experience working in a range of different industries. The industries include banking, manufacturing, oil and gas and patents to name a few. 

Finance — Working for a bank I learned the following:

  • Analysis of industry, market and operational risk
  • Understanding of how to read a companies financial statements
  • How to present your business to a financier and what questions they are likely to ask

Manufacturing — Working in manufacturing I learned the following:

  • Costing using bill of materials (B.O.M) 
  • Profit maximization using process re-engineering 
  • Improving operational efficiency and reducing costs
  • Implementing enterprise resource planning systems
  • Data analysis and reporting to gain insight into the business
  • Performance management strategies

Business modelling and efficiency

Working as a consultant I learned the following:

  • Developed Excel models and coding (VBA) to automate workflow
  • Reduced time to complete tasks from hours to minutes
  • Improved efficiency leads to higher quality and reduced costs

Patents — Working in the patent industry I learned the following:

  • How patents work and why we need them
  • How to automate workflow
  • How to create operational efficiencies in a service industry 
  • How to develop and implement business intelligence models 
  • Create effective and helpful key performance indicators

I use all the experience I have gained for the benefit of my clients. The experience and simple but effective frameworks have added value to all my projects and clients. Contact me to see how we can help you and your business.

Q What is a business plan?

If you’ve ever written down a business idea on a napkin or piece of paper with a few tasks you need to accomplish, you’ve written a business plan—or at least the very basic components of one. At its heart, a business plan is just a plan for how your business is going to work, and how you’re going to make it succeed.

Q How long should a business plan be?

Typically, a business plan is longer than a list on a napkin or piece of paper ( it is possible, and sometimes ideal, to write your entire business plan on one page). We recommend using a Business Case Canvas Model to map out your business plan together with some frameworks. Your plan should also have some basic financial projections : cash flow, income statements and balance sheets.

Q Why do I need a business plan if I'm a start-up?

The most classic business planning is for a startup. The plan helps the founders break uncertainty down into meaningful pieces that provides clarity for areas like marketing, sales projections, pricing, expense budget, milestones, and tasks.

A plan becomes a necessity especially when it comes to approaching family, friends, investors or a bank to part with their money . The business plan is focused on explaining what the new company is going to do, how it is going to accomplish its goals, and, most importantly, why the founders are the right people to do the job.

A startup business plan also details the amount of money required to get the business off the ground through to the initial growth phases that will lead to profitability.

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January, 2023




August 26,2019

  • Tuesday
  • 9:00am - 10:00am
  • BizFin Canvas
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