Financial Fundamentals for Business Owners will aim to improve the financial decision making of small business owners. The program content is designed to educate business owners on the importance of good financial data and how to use that financial data for both tactical and strategic decision making. This program will cover the process around good recordkeeping, the tools to use, the reports to be derived, how to analyze the numbers to improve cash flow and profits. Participants will also gain a better understanding of how banks/lenders evaluate their businesses and capital requests.
Course Outline
Accounting and Record Keeping Basics
Understanding Financial Statements
Analyzing Financial Statements
Improving Cash Flow and Increasing Profits
Establishing Financial Controls
Forecasting
Becoming Bank Ready and Financing Options
Learner Outcomes
Participants will learn how to understand and interpret data on financial statements.
Participants will learn strategies for improving cash flow and increasing profits.
Participants will learn how to implement financial controls in their business.
Participants will learn how to become ''bank ready'' and gain an understanding of financing options.
Course Outline
What COVID-19 has and hasn?t changed for Small Business taxes.
Overview of accounting best practices.
Seven tax tips to help your business.
Learner Outcomes
Understand best practices in business record keeping that?ll help you all year.
Learn the top seven tips for making sure tax season is a breeze. Discover the right financing path for your small business in our one-hour webinar, 'Finding the Financing Fit for Your Small Business.' Delve into the array of funding options available in 2024, from traditional funding to alternative options. This session guides you through these choices, providing actionable insights and expert advice to help you make informed decisions. Gain clarity on navigating the complexities of financing, empowering you to drive your business toward financial success in the upcoming year.
Course Outline
All About Financing
Analyzing What You Need Capital For
Determining the Loan You Need
Comparing Lenders
Applying for Loans
Closing on Your Loan & Payments
FAQs
Learner Outcomes
Develop a nuanced understanding of the diverse range of financing options available in 2024, allowing you to distinguish between traditional and emerging funding models, enabling better decision-making for your business's financial health.
Gain the ability to analyze and align specific financing solutions with your business's unique requirements. Learn how to assess the feasibility of different options and select the most suitable financing fit to fuel your business growth.
Acquire practical strategies to navigate the complexities and challenges associated with securing funding. Identify potential pitfalls and learn proactive measures to overcome obstacles, ensuring a smoother financing process for your small business. This program is designed to give business owners a knowledge base to discover successful concepts that fuel their passions.
Our team will investigate business trends amongst American franchises and the challenges businesses face in the first year of business. We are here to consider a brand?s reputation through online reviews, social media, and discussions with current franchisees. This program evaluates the financial investments needed and the willingness to secure desired locations. Join us as we review buying propositions, financial risks, strategic planning, and the qualities of great operators.
LEARN HOW TO:
Review current trends in American franchises
Understand the core skills needed to run a brick-and-mortar
Complete due diligence on the location's documentation
Navigate conversations with employees from the franchise location
Workshop - Start-Up Business - Financial Plan
Workshop - Finding the Financing Fit for Your Business
Workshop - How to Find the Perfect Franchise
