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Finance for Entrepreneurs & Small Businesses

Maximising your chances for financial success
Instructor:
Ted Wainman MBA ACA
571 students enrolled
English [Auto]
To become fluent in business finance
Understand the key financial considerations for a start up and / or small business
How to read and interpret the key financial statements - to spot warning signs of financial difficulty
How to use budgets and forecasts to control the business financially as well as operationally
How to create value in the business

This workshop will provide entrepreneurs and small business owners with the key financial knowledge to ensure that their businesses succeed financially.  We will teach the ‘language’ of finance – helping you to read and interpret financial information and to make informed operational judgements and decisions to maximise the financial success of your business venture.

Introduction

1
Introduction

Introduction to the Finance for Entrepreneurs & Small Business Owners online workshop, summary of workshop objectives and an overview of the 8 modules

Module 1 - The Essentials of Business Finance

1
The Need for Financial Fluency

Why it is important that we become fluent in business finance, even if we are not in the finance team

2
How a Company is Financially Structured

How a company is financially structured

3
How a Company Trades
4
The Business Cycle

How the money flows in business

5
How a Company is Financed

Examining the pros & cons of debt v equity in financing a business

6
Module 1 - Review Quiz

10 multiple choice questions to test your knowledge and understanding of Module 1

Module 2 - The Key Financial Statements

1
The Income Statement

Identifying the key elements of the Income Statement (or Profit & Loss Account)

2
The Balance Sheet

Identifying the 5 key elements of the Balance Sheet

3
Capital

How the Balance Sheet identifies the sources and application of Capital for a business

4
Movement in Equity

Reconciling the Profit in the Income Statement to the Movement in Equity on the Balance Sheet

5
The Cash Flow Statement

Identifying the key elements of the Cash Flow Statement

6
Cash Flow Statement Reconciliation

Linking the Profit from the Income Statement to the movement in Cash on the Balance Sheet via the Cash Flow Statement

7
Module 2 - Review Quiz

10 Multiple Choice questions to test your understanding and knowledge of the concepts covered in Module 2

Module 3 - Ratio Analysis

1
Profitability Margins

How to undertake basic profitability margin analysis

2
EBITDA

Understand what EBIT and EBITDA are and why they might be important measures in a business

3
ROCE

Understand how to calculate the Return on Capital Employed

4
Operational Gearing

Understand the relationship between Fixed and Variable Costs and how these affect a company's price sensitivity

5
Asset Turnover

How to measure the Efficiency of a business

6
Du Pont Analysis 1

Examining the relationship between Efficiency, Profitability and the ROCE

7
Module 3 - Review Quiz

10 Multiple Choice questions to test your knowledge and understanding of Module 3

Module 4 - Ratio Analysis & Case Study

1
Debt & Leverage

Examining the use of Debt to fund a business and the effect of that debt via Leverage

2
Interest Cover

Understand the importance of the affordability of debt

3
Du Pont Analysis 2

Examining the effect of Leverage on ROCE in arriving at the ROE

4
Liquidity

Examining the Working Capital of a business and the importance of Cash Flow

5
Working Capital Requirement

Examining the effect of the Working Capital Requirement on a company's Cash Flow

6
Module 4 - Review Quiz

10 Multiple Choice questions testing your knowledge of the topics covered in Module 4

7
Case Study 1

Introducing the Case Study that assesses Modules 1 - 4

8
Case Study 1 - Answer

Review of Case Study 1

Module 5 - Costs: Types, Behaviour & Treatment

1
Direct v Indirect Costs

Understand the difference between Direct and Indirect Costs

2
Fixed v Variable Costs

Understand the difference between Fixed and Variable Costs - as well as Semi Variable & Fixed Costs

3
Opex v Capex

Understand the different between Opex and Capex and the impact on the financials of the business.  Explanation of depreciation including a worked example

4
Accruals & Prepayments

Understand the difference between Accruals and Prepayments, and how they are used to move costs into the correct period

5
Accrued & Deferred Income

Understand the difference between Accrued Income and Deferred Income, and how they are used to move revenue into the correct period

6
Sunk, Marginal & Opportunity Costs

Understand other types of costs in the business including sunk, marginal and opportunity costs

7
Module 5 - Review Quiz

Test your knowledge and memory of the topics covered in Module 5

Module 6 - Budgeting & Forecasting

1
Budgeting

The need for budgeting and why it is important to ensure the business is well run

2
Creating the Budget

Examining the essential steps in setting up a budget

3
Variance Analysis

How to undertake variance analysis - comparing 'actual' figures with 'budgeted' figures

4
Flexing the Budget

Advanced variance analysis techniques - breaking the variance down into the constituent elements

5
Forecasting

How to using variance analysis to produce accurate forecasts for the future

6
Module 6 - Review Quiz

10 Multiple Choice questions testing your knowledge and understanding of Module 6

Module 7 - Building the Business Case

1
Time Value of Money

Understand the concept of the Time Value of Money

2
Creating the Business Case

How to create a business case in excel

3
Calculating the NPV

How to calculate the Net Present Value of a business case in excel

4
Calculating the IRR

How to calculate the Internal Rate of Return of a business case in excel

5
The Cost of Capital

Applying the Cost of Capital and the WACC to a business case

6
Shortcuts in Excel

How to calculate the NPV and IRR using excel shortcuts

7
Module 7 - Review Quiz

10 Multiple Choice questions to test your understanding of the topics covered in Module 7

Module 8 - Asset Valuation

1
Fundamentals of Asset Valuation

Understanding how assets are valued

2
Calculating the Yield

How property is valued - the Yield

3
PE Ratios

Understanding how companies are valued - PE Ratios and multiples of earnings

4
Pricing Bonds

Understanding the difference between a loan and a bond, and how bonds are priced

5
Risk

Understanding the effect of Risk on Asset Values

6
Interest Rates

Understanding the effect of Interest Rates on Asset Values

7
Pricing Shares

Applying valuing techniques to pricing shares

8
Module 8 - Review Quiz

10 Multiple Choice questions to test your understanding of topics covered in Module 8

9
Case Study 2

A Case Study on asset valuation pulling together all of the concepts covered in this workshop

10
Case Study 2 - Answer

The answer to Case Study 2

Review

1
Review
You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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Includes

5 hours on-demand video
Full lifetime access
Access on mobile and TV
Certificate of Completion

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