Know Your Numbers with Confidence (Business Start-Up)

Know Your Numbers with Confidence is a practical and easy-to-understand starter guide to business finance, tailored for new and early-stage business owners. This course is designed to help you take control of your finances without the confusion of jargon or complicated terms. You'll learn the essentials needed to understand your numbers, get comfortable managing your business’s finances, and make informed decisions that will support your growth and success.

Why It’s Important to Know Your Numbers:
Understanding your finances is key to avoiding cash flow issues, making smart decisions, measuring business performance, and planning for the future. By knowing your numbers, you gain control and confidence, ensuring your business stays on track for success.

Objectives:

· Manage your bank transactions and keep your records straight

· Understand and create a cash flow statement

· Forecast your cash flow to plan ahead

· Create and use a profit and loss account

· Get to know what a balance sheet is and why it matters

· Understand key financial terms like income, expenditure, cost of sales (COS) assets, and liabilities.

What You'll Do:

· Introduction and Icebreaker: Participate in ‘The Money Memory Icebreaker’ to break the ice and meet other participants.

· Track your money: Learn how to organise your bank transactions and keep accurate financial records.

· Understand your cash flow: Create and read a cash flow statement to see where your money is going and how to plan for the future.

· Forecast with confidence: Learn how to predict your cash flow and avoid cash shortages by preparing for future expenses.

· Master your profit & loss account: Find out whether your business is making money or not by creating a simple profit and loss statement.

· Get familiar with the balance sheet: Discover what a balance sheet shows and why it’s important for your business’s growth.

· Learn the terms: Understand key financial terms like profit, loss, assets, and liabilities and how they impact your business.

Who Should Attend:

This course is perfect for new and early-stage business owners or anyone looking to understand business finances in a clear, no-fuss way.

Join us for "The Confident Business Owner" and take the first step towards confidently promoting your business and overcoming self-doubt. Sign up now to secure your spot!

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This workshop is delivered by Kerry Stevens , the Founding Director of Beanstalk Business Centre CIC, located in Preston. Focused on business services, employment, and skills, the centre supports entrepreneurs, start-ups, not-for-profits, SMEs, and people looking for employment. Kerry’s mission is to positively impact communities by creating sustainable employment opportunities and increasing individual employability.

Kerry is highly regarded for her work as a business adviser, where she provides start-up guidance to aspiring entrepreneurs. Her specialist areas include business management, people management, and community/social enterprise development. Kerry is also adept at helping new business owners overcome imposter syndrome, build confidence, and improve their communication and networking skills.

Before founding Beanstalk Business Centre CIC, Kerry spent 13 years managing a group of four businesses with her partner. She was responsible for overseeing business processes, finances, and people management for 200 staff and subcontractors nationwide.

In 2013, Kerry pivoted to focus on the community and social enterprise sector. She joined the Myerscough College projects team to gain in-depth knowledge of grants and funding processes, followed by a role in a charity to understand the operational aspects of running a social enterprise. This experience paved the way for the launch of Beanstalk Business Centre CIC three years ago, fulfilling her vision of supporting community businesses.

She has successfully project-managed various initiatives, including those funded by ESF, UKSPF, the Department of Education, and Innovate UK. Additionally, Kerry has supported numerous organisations in establishing Community Interest Companies (CICs).

Host or Publisher Beanstalk Business Centre CIC