Finance for Non-Financial Entrepreneurs - North Essex

Description

In this course, you’ll gain a basic understanding of finance and accounting concepts to drive the success of your business.

This course aims to demystify the accounting language so that you are in control of the financial performance of your business, helping you forecast for the future, evaluate your current efforts, and establish strategies to meet your goals.

Details of the event:

Date: Wednesday 19th June 2024

Time: 9:30am - 12:30pm

Location: Online

For: Businesses based in North Essex (Braintree, Chelmsford, Colchester, Maldon, and Tendring)

Cost: Free

More about the course

Even if you plan to hire an accountant, you still need to understand accounting information to make better, more informed decisions about your business. This webinar will give you the tools necessary to have a better understanding of what the professionals are saying down the line, so you can run your business better.

What it covers:

Part 1

• Historical business finance measurement
• The main performance measure - Profit & Loss
• The main valuation measure - Balance Sheet
• The importance of cash management and working capital

Part 2

• How to apply this knowledge to business planning and targeting
• Using the above measurement tools to help plan and forecast business performance, particularly Profit & Loss and Cashflow and the key differences between them
• Break even
• Pricing methods

Who it is for:

The course is aimed at a whole range of businesses from start-up founders to local business owners to corporates, and is geared to anyone without a finance or accounting background. Your business must be based in or shortly relocating to North Essex (either Braintree, Chelmsford, Colchester, Maldon, or Tendring).

Who should attend:

• Entrepreneurs
• Micro business owners
• Small business owners
• Middle managers
• Consultants
• Coaches
• E-commerce businesses
• Digital marketers
• Service based business owners

Skills gained:

• Understand basic financial documents used in business
• Interpret the information in these documents, and use it to manage day-to-day business activity
• Be more effective in their role

About the host:

Jim Fletcher ACMA GCMA

Jim is a business manager with Let's Do Business Group and a dedicated business coach with 40 years’ commercial leadership experience. Drawing on his long career in the manufacturing and engineering sector, Jim provides tailored coaching, consultancy, non-executive directorship and project management services, across a full range of management, finance, sales & marketing and operations functions.

This programme is delivered by the North Essex Economic Board (NEEB) in partnership with Let's Do Business Group.

Let's Do Business Group is undertaking this project jointly with the North Essex Economic Board (NEEB). The Board is a partnership of local authorities in the area: Braintree, Maldon, and Tendring district councils, Colchester Borough Council, Chelmsford City Council and Essex County Council.

This project is funded by the UK Government through the UK Shared Prosperity Fund.

The UK Shared Prosperity Fund is a central pillar of the UK government's Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information, visit https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus

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