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Understanding Your Business Finances Workshop – Dorset Growth Hub
February 6 @ 10:00 am - 1:00 pm GMT
Free
Are you a small business owner or entrepreneur looking to better understand and manage your finances? Join us for Understanding Your Business Finance Workshop – a practical and beginner-friendly workshop that will equip you with the tools and knowledge you need to make informed financial decisions for your business.
In just three hours, you’ll gain insights into key financial principles, practical budgeting techniques, and essential tips for managing your cash flow, profit and loss and day-to-day finances.
Here’s What You’ll Learn:
How Can I Fund My Business?
- Discover funding options tailored to small businesses, including:
- Personal funds
- Friends and family
- Bank loans and government-backed loans
- Alternative funding sources and grants
Setting an Annual Budget for Your Business
- Learn how to prioritise and allocate funds effectively.
- Set realistic income goals to drive your business forward.
Understanding Cash Flow
- Step-by-step guidance on cash flow basics.
- Master the importance of tracking cash flow versus profit.
Understanding the Profit and Loss Account (P&L)
- Demystify turnover, gross profit, and net profit.
- Learn what belongs on your P&L account versus your cash flow spreadsheet.
Managing Your Day-to-Day Finances
- Navigate the essentials of hiring an accountant, VAT registration, and managing invoices.
- Get clarity on expense tracking for sole traders and limited companies.
Who is the event for?
Designed with new business owners in mind (self-employed / sole trader or Limited Company) this webinar will help you gain a better understanding of business finance fundamentals. If you’re looking to improve your business fiancial managament, then this workshop is for you.
No prior financial experience is needed – just a willingness to learn and take your business to the next level!
Why Attend?
- Gain confidence in managing your business finances.
- Leave with actionable strategies and practical tools.
- Network with like-minded business owners.
This workshop it’s delivered by Dorset Growth Hub and WSX Enterprise as part of Dorset Council’s Business Support Programme.
You will receive the joining instructions via e-mail on the morning of the webinar and the event will be held on Microsoft Teams.
If you require more information or have any questions, please contact info@dorsetgrowthhub.co.uk