Hackney - Workshop 2: Business Finance

Workshop 2: Business Finance

This is designed to cover most aspects of your business finance. The objectives of the workshop are to help you:

A- Develop a greater understanding about financial matters

B- Build confidence in cashflow forecasting, making a profit and managing your money

Our aim through this workshop is to reinforce the handling of finance as one of the important tasks in running a successful business. We will learn or revisit the costs of starting and running the business, determine the current financial situation and how to finance your business

The workshop will cover:

- Understanding costs, projected profit and loss accounts and balance sheet

- Gross Profit Margin and breakeven analysis calculations

- How to interpret the changes in the gross profit margin % as a measure of business performance

- Profit and Loss and Cashflow Forecast - how to improve your profitability and cashflow

- Pricing models/strategies/budgeting

- HM Revenue & Customs

You will walk away with a better understanding of financial modelling and budgeting in relation to costs as well as key tips/tools, software and Apps that will make them more adept in running a successful business.

This is the second workshop in a programme of 2

Workshop 1: Developing a business value proposition and marketing

Workshop 2: Business Finance

At the end of the second day and after the two sessions, we will review the developed blocks of the BMC in conjunction with your financial plans

https://www.brunel.ac.uk/business/Business-Partnerships/Co-Innovate/Journeys