Starting a Business 5: Managing Finances
Find out how forecasting and managing your finances can lead to a profitable and sustainable business with this online business course from the University of Leeds.
Duration
2 weeks
Weekly study
2 hours
100% online
How it works
Unlimited subscription
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The management of finances is crucial to a successful business; financial information provides the evidence to support your decisions about a business and helps to justify those decisions when you present them to other people. Whether you have an idea for a future venture or you already have a side-line business whilst studying, this course will introduce you to key financial information and gives you a chance to discuss your ideas with others.
This course is the fifth in a series of six about ‘starting a business’.
What topics will you cover?
- The importance of financial information
- An introduction to key financial information: sales revenue forecast; profit and loss forecast; and cash flow forecast
- Analysing and interpreting financial performance
- How to increase profitability
- Marketing a product in terms of price and number of sales
- Key financial forecasts: determining the viability of a business opportunity
- The business plan: business finances
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