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Certificate of Achievement
has completed the following course:
Starting a Business 5: Managing Finances
This course introduced learners to the importance of managing finances when starting a business. The course provided time to plan, share ideas with others and start to document thoughts in a structured business plan.
2 weeks, 2 hours per week
Nigel Lockett
Professor of Enterprise
University of Leeds
Transcript
Learning outcomes
- 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.
Syllabus
- 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
Issued on 2nd January 2021
The person named on this certificate has completed the activities in the transcript above. For more information about Certificates of Achievement and the effort required to become eligible, visit futurelearn.com/proof-of-learning/certificate-of-achievement.
This certificate represents proof of learning. It is not a formal qualification, degree, or part of a degree.