Managing Money and Making a Profit

This workshop is designed to support you as you start or develop your new business and focus on the financial side. It will give you invaluable insight into financial issues, guidance on how to successfully manage them and a better understanding on how to make a profit.

By the end of the session you will be able to:
• Understand the fundamental financial aspects involved in running a business
• Gain support and ideas from fellow participants
• Complete an individual workshop action plan detailing your next steps

TOPICS COVERED
• The cost of starting up
• Determining your current financial situation
• Financing your Business
• Getting Paid
• Sales Forecasting
• Cash Flow
• Running Costs
• Profit and Loss
• Breakeven
• Costing and Pricing
• Tax
• Keeping Financial Records