Financial Fundamentals for Small Business is the ideal workbook for people starting out in business and for people looking to improve their financial skills and knowledge.
This workbook is a vital beginning for those entrepreneurs wanting to have the financial fundamentals for small business as part of their tool kit of being self employed. Knowing your financials inside and out will give you a chance of a much higher success rate as you know where each and every dollar is coming from and where it needs to got to.
Financial Fundamentals for Small Business has been written in plain easy to understand terms that will allow you to become financially capable in your small business. Below are the areas covered:
Part One – The Fundamental Numbers
What is financial management?
How do I set financial goals and outcomes?
How do I prepare a budget?
What is Cost of Sales and what are Expenses?
Cash flow management
Business Budgets – an important tool to manage your small business finances
You will be able to set up your own business budget, even if you have never done a budget before.
Review a budget
Create own budget
Learn why financial management is important
Part Two – Cash flow and Profitability
Ways to improve profitability
How to generate more cash flow in your small business
Cash flow projections – ensure there’s money coming in the door
Part Three – Bringing the Numbers to your Real Life Business
Business Structures – pros and cons of having the right corporate structure
What reports make most sense for your business?
What to ask your bookkeeper
What to ask your accountant
Live intuitive data – managing your numbers in real time