At the end of the financial year, many small business owners will have handed over their financial records to an accountant, clueless about the financial state of their business.
A lack of basic financial education means that they’re not sure if they’re making a profit or if there will be enough money in the bank next month to pay the bills.
But, it’s not their fault. Few of us learn about profit and loss statements, cash flow and expenses and cost of sales before we start a business – some of the fundamentals of small business finance. And, once we’re off and running with our own business, we’re busy trying to bring money through the door, to keep customers happy and to grow the business. The financial management isn’t always top of mind. The Australian Businesswomen’s Network’s Small Business Finance Course gives small business owners an easy-to-follow, totally confidential, opportunity to learn the basics of business finance and moves them towards a level of financial literacy that will have them confident in themselves and knowledgeable about their business finances.
The Small Business Finance Course returns in September and will be held online on 18 September, 2 and 16 October.
Full details, including how to register, are here. (If you’re thinking of attending, be sure to register before midnight next Wednesday, 28 August to save up to $100 off full-price with our early-bird special.) Here’s what previous participants say about the benefits of the program:
“I’m now motivated to pay closer attention to the numbers. Cash flow and budgeting doesn’t seem like such an insurmountable task now.” “I got to understand what financial reports mean and what I can do about them.” “I became excited about ‘numbers’ and realised the importance of reports in meeting my goals.” “The course forced me to take a critical look at the numbers of my business and provided me with the knowledge to start plugging away at them myself.” “The program helped me put my first budget together.”
In three online sessions (available both LIVE and on-demand), you’ll learn:
- The difference between expenses and cost of sales
- What to ask your bookkeeper and accountant
- The reports that can short-cut your view into how your business is performing
- How to ensure debtors pay you more quickly
- How to avoid a cash flow crisis
See a full description of the course outcomes you can expect here. Included in your tuition are resources to help you create a thorough budget and cash flow projections so that you can measure your progress all through the year and see, at a glance, how you are tracking. Register before midnight, 28 August to save up to $100 off the cost of the program.
