Courses for New Business Owners

Every businessperson wants to be a success, and to be a success in business you need to make money. To keep your business running day to day, you’ll need a steady supply of green to pay your suppliers, settle your bills, and keep the taxman happy. But how do you do it? 

To help maintain a healthy cash flow you could rob a bank. Or you could choose some of the more tried, tested and… legal approaches. Before you don your mask and stripy jumper, take a look at some of the ways to ensure you get paid on time, how to manage your outgoings, and how to make use of technology to help you get ahead.

You’ve heard of Al Capone, right? Well, he’s heard of you too. He’s impressed by your accounting skills and he’s decided to make you his next bookkeeper. The last guy? He’s sleeping with the fishes, but don’t worry about that. The first thing you need to look at is the balance sheet. Get that right and everything will be just fine…

No one likes to guess how their business is doing – least of all a mafia don. So, understanding the balance sheet is important. When you do, as a business owner, you’ll discover whether you’re sinking or swimming. As a mafia accountant, getting it right will mean the difference between being a made man (or woman)… and wearing the dreaded concrete boots.

So you’re in charge of a budget? Great, but how are you going to show that you’re sticking to it? You may need to report internally, inform stakeholders, or simply reassure yourself that everything is going to plan. You need a P&L statement! This document (or spreadsheet) shows the financial performance of a venture over a certain accounting period (usually a financial year, quarter, or month). Where a cash flow statement shows the actual cash inflows and outflows, the P&L statement shows whether the venture is profitable. That’s right. Profitability is not the same as cash in the bank. This course uncovers why that is, and much more.

‘A business is only as good as its employees.’ You’ve probably heard that quote, or maybe even seen it on a cool Pinterest board. But the quote is true, and it’s essentially why HR management plays such a vital role in organisations. Managers help to ensure the employee experience runs smoothly and that all staff add value to the business.

Yet, what if you’re not an HR manager but want to apply the same principles to your own organisation? You’d need to start with the basics first. These can be broken down into four key components: planning, recruitment, development, and retention.

When you go to work, you probably take for granted that the lights will be on, the bins will be emptied and the air conditioning is working, right? It’s when those things aren’t right, and you walk into a dark, smelly, overly warm room that you’ll probably notice something is wrong. Unless you work in a sauna, obviously. That stuff is called premises management, and if it’s your building, ultimately, you’re the one who has to know about it.