How to Manage My Finances
Assessing Financial Needs - This workshop helps you assess your current and future financing needs and what type of financing is available in today's economic climate. The workshop also addresses how to position your company now to increase your chances of raising outside capital down the road.
The Balance Sheet - With a properly prepared balance sheet, you can look at a balance sheet at the end of each accounting period and know if your business has more or less value, if your debts are higher or lower, and if your working capital is higher or lower. This workshop shows you to prepare a statement and provides you with a template to prepare your own.
Your Cash Budget - Properly preparing your cash budget will show how cash flows in and out of your business. Also, it may then be used in planning your short-term credit needs. In today's financial world, you are required by most financial institutions to prepare cash budgets before making capital expenditures for new assets as well as for expenditures associated with any planned expansion. The cash budget determines your future ability to pay debts as well as expenses.
Your Cash Flow - This workshop provides a detailed look into the various sections of a cash flow statement. It also describes two methods used to calculate cash flow from operating activities, indirect and direct with examples that will give you an edge when it comes time to prepare a cash flow statement of your own. This workshop shows you to prepare a statement and provides you with a template to prepare your own.
New Contracts - This module will teach you the basics of creating a contract.
Partners and Investors - This workshop will assist you in deciding how to go about selling an equity interest in your business to investors and raise the capital you seek. It discusses the essential issues that you may confront when you decide to bring in outside investors.
Pricing - Price your offering too low and leave money behind? Price it too high and drive customers away? Find the right balance through creative judgment and a keen awareness of consumer motivations and increase your chances of owning your market. This workshop will show you what measures you can take to price your offering effectively.
Profit and Loss - Ask yourself: Exactly how are my products and services affecting my business? How much money am I actually making because of those products and services? An income statement answers these and other financial questions. An income statement tells you and any stockholders how your net assets have increased or decreased. This workshop shows you to prepare a statement and provides you with a template to prepare your own.
Profitablilty - Learn some profitability ratios and analytical procedures that help determine your company's present and future financial standing. Identify trends and compare current figures to your business's historical performance and evaluate your business in relation to industry norms.
Ratios - To complete a thorough examination of your company's effectiveness, you'll want to look at more than just easily attainable numbers like sales, profits, and total assets. You'll want to be able to read between the lines of your financial statements and make the seemingly inconsequential numbers accessible and comprehensible. This workshop shows you how to analyze financial ratios and what the ratios mean.
Valuing a Business - If you're thinking of purchasing or selling an existing business, going public, or taking an investor, one of the first things you'll need to determine is how much the business is worth. Valuing a business is a tricky process and achieving fair market value should always be your top priority.