Small Business Marketing
, Small Business Management
3 Business Credits
Small business operators are often faced with the daunting task of advertising and building a brand with a restricted budget.
Course Description:
This course will introduce you to the budgeting process and financial analysis. In module one, you will develop your ability to prepare budgets, generate pro forma financial statements, and analyze budget variances. Module two will focus on analyzing the financial position of your business through financial ratio analysis, benchmarking, and break-even analysis.
What You’ll Learn:
- Understand the importance of budgeting and financial planning
- Demonstrate an understanding of the role that budgets play in measuring performance against established goals
- Differentiate between strategic and tactical budgeting
- Analyze the master budget through variance analysis
- Prepare and analyze pro forma financial statements
- Explain the importance of the cash budget and describe how it is created
- Define financial (ratio) analysis and explain its objectives
- Assess the pitfalls of financial (ratio) analysis
- Identify the various categories of financial ratios typically used in small business environments
- Explain the factors and assumptions involved in break-even analysis
- Compute the break-even point and break-even revenue for a given product
Related Courses:
Law for Small Businesses
, Small Business Management
5 Business Credits
Small business owners and entrepreneurs must have a working knowledge of many different fields, including the law. This course covers the basics of business law as it pertains to small businesses, franchises, and entrepreneurial endeavors.
HR Fundamentals for Small Businesses
, Small Business Management
3 HR Credits
The people who make up your business are among your most valuable assets. Proper management of those human resources is critical for creating and sustaining a skilled and engaged workforce, developing a positive business culture, and generating a com
Project Management for Small Businesses
, Small Business Management
3 HR Credits
Small business management involves overseeing both small and large projects. Not all projects require extensive planning, but project management techniques can help teams of all sizes meet their goals more efficiently.
Leading and Managing Small Businesses
, Small Business Management
3 HR Credits
Small business leaders are responsible for inspiring employees to do their part to bring about the organization's goals. Good leaders must have a vision of where the business is going, possess strong communication skills, and be able to bring out the