This session offers an overview of finance for business and aims to get each attendee at the same level of understanding.
Naturally involving Peer Learning with the delegates being at different levels of understanding.
What’s covered:
- The standard business financial models of the Balance Sheet, P&L & Cashflow
- The numerous ways of funding a business from your own cash & assets to Private Equity & Crowd-funding
- Analysis of the financial statements & their link to strategies to improve performance
- Related Case Studies
What outcomes will be achieved?
Understand where they should focus for good business finance management
This first module will build confidence for the rest of the programme by discussing topics such as:
- Revenue & Expenses
- Cash, Inventory, Accounts Receivable & Payable
- Employees/ Payroll
- P&Lplus
- Preparing for Tax
- Success will be measured by whether or not the delegates feel by the end that they can understand the 3 main financial reports. They should be confident that they can interpret them and use them as a strategic tool to manage the business rather than just a scorecard after the event.
Who should attend?
Aimed at SME owners, directors & senior managers with overall responsibility for managing the business. It is aimed at non-financial experts. Delegates will typically be business leaders without formal financial training, i.e. not Accountants.
Eligibility:
Workshops are open to start-up and established small to medium sized enterprises located in the following local authority areas taking part in the East Midlands Chamber’s Accelerator project:
Amber Valley; Ashfield; Bassetlaw; Broxtowe; Chesterfield; Derby; Derbyshire Dales; Erewash; Gedling; High Peak; Leicester City; Mansfield; Newark & Sherwood; North East Derbyshire; Nottingham; Rushcliffe; South Derbyshire.
(Please note: Businesses based in districts not participating in the Accelerator project (i.e. Bolsover; Leicestershire) are also invited to attend providing they are members of East Midlands Chamber.)
Please contact Ella Mistry on 07387141589 who will approve your booking.
Delivered by Chris Brown
The Accelerator project delivers online webinars and full-day workshops. The webinars are designed as one-hour taster sessions and the workshops as full-day training sessions which are designed to provide delegates with an actionable plan and strategy.
This project is funded by the UK Government through the UK Shared Prosperity Fund (UKSPF) and is delivered by East Midlands Chamber.
