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#BU-03-78 Starting a BusinessⅤ: Managing Finances

  • Categories Business
  • Duration 16h
  • Total Enrolled 0
  • Last Update July 26, 2021

About Course

University of Leeds

Description

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.

This course is the fifth in a series of six about ‘starting a business’.

 

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

 

Who will you learn with?

Richard Tunstall

Lecturer in Enterprise at the University of Leeds. Passionate about entrepreneurship. Part of the Leeds Enterprise Centre team delivering ‘Starting a Business’ http://lec.leeds.ac.uk/about/lec-staff

 

Who developed the course?

University of Leeds

As one of the UK’s largest research-based universities, the University of Leeds is a member of the prestigious Russell Group and a centre of excellence for teaching.

What Will I Learn?

  • 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.

Topics for this course

8 Lessons16h

Welcome?

You'll explore the importance of managing finances when starting a business. But before you get started, take the time to meet your fellow learners and share your reasons for joining this course.
Welcome to the course ARTICLE

The importance of financial information?

This activity introduces you to the importance of understanding, creating and interpreting financial information. You'll spend time reviewing the financial information of a company of your choice.

Hannah’s business challenge?

In this activity, Hannah shares her business challenge. This involves deciding which direction her business should take. You will have the opportunity to join a team of advisers in helping Hannah move forward.

Summary?

To close this lesson, we would like to introduce you to some of the options for studying at the University of Leeds.
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Material Includes

  • Official Certificate

Target Audience

  • This course is part of the Going to University collection which has been specifically designed for students at schools and colleges. They provide a taster of undergraduate study at the University of Leeds and help students to decide which subject to study at university.
  • Completion of the courses will also 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.