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Online course

Starting a Business 5: Managing Finances

Find out how forecasting and managing your finances can lead to a profitable and sustainable business.

Starting a Business 5: Managing Finances

Why join the course?

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’.

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Skip to 0 minutes and 8 secondsThis is the fifth course in a series of six, designed to help you on the journey of entrepreneurship. In this course, we illustrate the importance of financial information and forecasting. Financial information is key to the success of any business. It provides entrepreneurs with the evidence to support their decisions and helps to justify those decisions when presenting them to other people. You will have the opportunity to explore the importance of financial forecasting. By considering a range of forecasting techniques through videos, activities, and quizzes, this series of business courses introduce case studies of young entrepreneurs who are already on the journey. They share their business challenges with you and a panel of business advisers.

Skip to 0 minutes and 50 secondsThrough discussion and activities, you have plenty of opportunity to define and work on your business plan, as well as helping others.

Skip to 0 minutes and 58 secondsSign up now to "Starting a Business: Managing Finances."

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

When would you like to start?

  • Available now
  • Date to be announced

What will you achieve?

By the end of the course, you'll be able to...

  • 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.

Who is the course for?

This course is part of the ‘Going to University’ collection which has been specifically designed for schools and colleges. The course can be used as a teachers’ classroom enrichment resource or can be studied independently by students.

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?

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.

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Join this course

Free

  • Access to this course for 4 weeks
  • Includes any articles, videos, peer reviews and quizzes

Upgrade - $64

  • Unlimited access to this course
  • Includes any articles, videos, peer reviews and quizzes
  • Tests to validate your learning
  • Certificate of Achievement to prove your success when you're eligible
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