Learn to Love Your Numbers
A good understanding of business finance is crucial for owners of start-up and early-stage businesses
Learn to Love Your Numbers
Duration: 1.5 Hours Online
As an entrepreneur, you have a great business idea, all your energy is channelled into getting the business established and, if you have cash in the bank, you are probably comfortable that things are going well. That’s perfectly fine when turnover, overheads and staff count is low. However, as the business grows and the numbers get bigger and scarier, things can quickly spiral out of control. Sadly, school doesn’t teach you how to negotiate the challenge of managing the finances of a growing business.
A good understanding of business finance is crucial for owners of start-up and early-stage businesses, as it directly impacts the success and sustainability of your venture. Without a good understanding of your business finances, you’re “flying “blind” risking declining profits, unexpected cash flow problems, mounting debt, and possible business failure.
Knowing how to manage debt and credit is vital, many start-ups rely on loans or investor funding, and poor financial management can lead to unmanageable debts. Thia can damage your company’s creditworthiness and limit future financing options.
This half day, interactive workshop will cover a wide range of topics including:
- Why it is important to “love” your numbers
- Why, and how, you “keep score”
- Understanding standard financial terminology
- Interpreting the main financial documents
- What the numbers are telling you
Delivered in relaxed, jargon free, and entertaining style, this workshop is not designed to turn you into accountants, it will simply give you a solid understanding of financial terminology, and financial statements, such as profit and loss accounts, balance sheets, debtors and creditors, knowledge which will help you to track income, expenses, and profitability and ensure a healthy cash flow. You will work with real life examples, including your own management accounts (if you have them)
You will leave with a good grasp of your finances, allowing you to make better informed decisions, attract investors, and build a sustainable, profitable business with long-term growth potential.
About Jeff Long:
Drawing from a wealth of over 35 years of Sales, Marketing, Manufacturing and Finance experience, Jeff is a seasoned business professional, complete with the silver hair you would expect from someone with decades of first-hand business experience.
Beginning his business journey in FMCG sales, Jeff has an impressive track record of working in a wide range of sectors, including Accounting, Manufacturing, Consumer Goods, Technology and Banking, before starting, growing and selling his own successful manufacturing, Import and export business.
Jeff now uses his experience to provide coaching and mentoring to Yorkshire businesses, with the sole aim of helping business owners and their teams to overcome obstacles and reach their full potential.
A good understanding of business finance is crucial for owners of start-up and early-stage businesses
Learn to Love Your Numbers
Duration: 1.5 Hours Online
As an entrepreneur, you have a great business idea, all your energy is channelled into getting the business established and, if you have cash in the bank, you are probably comfortable that things are going well. That’s perfectly fine when turnover, overheads and staff count is low. However, as the business grows and the numbers get bigger and scarier, things can quickly spiral out of control. Sadly, school doesn’t teach you how to negotiate the challenge of managing the finances of a growing business.
A good understanding of business finance is crucial for owners of start-up and early-stage businesses, as it directly impacts the success and sustainability of your venture. Without a good understanding of your business finances, you’re “flying “blind” risking declining profits, unexpected cash flow problems, mounting debt, and possible business failure.
Knowing how to manage debt and credit is vital, many start-ups rely on loans or investor funding, and poor financial management can lead to unmanageable debts. Thia can damage your company’s creditworthiness and limit future financing options.
This half day, interactive workshop will cover a wide range of topics including:
- Why it is important to “love” your numbers
- Why, and how, you “keep score”
- Understanding standard financial terminology
- Interpreting the main financial documents
- What the numbers are telling you
Delivered in relaxed, jargon free, and entertaining style, this workshop is not designed to turn you into accountants, it will simply give you a solid understanding of financial terminology, and financial statements, such as profit and loss accounts, balance sheets, debtors and creditors, knowledge which will help you to track income, expenses, and profitability and ensure a healthy cash flow. You will work with real life examples, including your own management accounts (if you have them)
You will leave with a good grasp of your finances, allowing you to make better informed decisions, attract investors, and build a sustainable, profitable business with long-term growth potential.
About Jeff Long:
Drawing from a wealth of over 35 years of Sales, Marketing, Manufacturing and Finance experience, Jeff is a seasoned business professional, complete with the silver hair you would expect from someone with decades of first-hand business experience.
Beginning his business journey in FMCG sales, Jeff has an impressive track record of working in a wide range of sectors, including Accounting, Manufacturing, Consumer Goods, Technology and Banking, before starting, growing and selling his own successful manufacturing, Import and export business.
Jeff now uses his experience to provide coaching and mentoring to Yorkshire businesses, with the sole aim of helping business owners and their teams to overcome obstacles and reach their full potential.
Good to know
Highlights
- 1 hour 30 minutes
- Online