Day 5

Finances

Key areas we will cover on day 5:

financing your business

establishing accounting procedures

developing collection policies

analysing financial reports

designing business invoices

budgeting and benchmarking

identifying key performance indicators

maximising income and minimising expenditure.

It is important to understand and plan for the financial side of the business. Many business owners are primarily focused on tax obligations; however, accurate financial reports are useful resources for decision making. You cannot run a business by monitoring your bank statements and assuming a positive balance means the business is in a healthy position and everything is okay. As a business owner you need to look at the ...

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