Business Finance 1: Getting Started, Staten Island 11/26/2024

Financial management can be the most intimidating part of running a business. The goal of this course is to reveal that it need not be.

Intended for entrepreneurs unfamiliar with business financial management, Business Finances 1 introduces its key terms and concepts in everyday language.

During this course, you will:

• Develop an understanding of basic business

financial terms, such as profit, cash flow, and

gross margin

• Work with basic financial statements, including

income statements, balance sheets, cash flow

statements

• Define the common business expenses at both

the startup and operating stages

• Calculate gross margins, breakeven points, and

profit goals using a case study business

This course is the fourth module in the NYC Department of Small Business Services’ (SBS) five-course Introduction to Entrepreneurship series. If you
are a pre-startup, we recommend that you complete the first three modules in this series – “First Step to Starting a Business,” “Creating a Business Idea that Works,” and “Building Your Business Operations”
–before taking this course.

Host or Publisher NYC Department of Small Business Services