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

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SUMMARY
๐Ÿ‘ค For (Open to): Entrepreneurs, Undergraduates
๐Ÿ•ก Deadline: Feb 21, 2021 (See all deadlines)
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๐Ÿ“‹ Category: Free Online Courses
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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.

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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.

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

What topics will youย 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, youโ€˜ll be able toโ€ฆ

  • 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 entrepreneurโ€™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 studentsโ€™ university applications. The courses can also be used as a teachersโ€™ 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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