University of Leeds Free Online Course on Starting a Business Managing Finances

Find out how forecasting and managing your finances can lead to a profitable and sustainable business with the University of Leeds Free Online Course on Starting a Business Managing Finances.

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.

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

What will you achieve?

By the end of the course, you‘ll be able to…

• Discuss why forecasting and planning are key skills within any successful business.
• Discuss sales revenue forecast, net profit and the purpose of a cash flow forecast.
• Evaluate the entrepreneur’s business challenge: How can Hannah make her business more profitable?
• Identify business finances in a business plan.
• Assess costs, prices, gross profit and cash flow forecasts.

Benefit of taking the course

Completion of the courses will enhance students’ university applications. The courses can also be used as a teachers’ classroom enrichment resource. Courses in this collection are also great for people that want an introduction in the specific subjects discussed in each course.

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