10 Numbers Every Business Owner Should Know
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The course is about the 10 numbers every business owner should know - as they are running a business, and all numbers tell a story.
The course will take approx 1 hour to complete.
It's an ideal course if you are working in the accounts / finance department and/or if you are thinking of embarking on a career in accountancy or bookkeeping and part of your requirement is to do some number crunching and report back to the owners of the firm.
If you are thinking of starting your own business and want to understand how the numbers work, and what they're saying to you - then this course is for you.
We look at numbers which relate to a companies liquidity, profitability, solvency, debt and what they mean. Doing the accounts / bookkeeping isn't a futile exercise. All numbers paint a picture, and this course will help you to understand what that picture is, whether that picture looks any good, and how to make that picture look better.
These numbers are useful for you in your own organizations. You can compare the results you are getting now, to what you were getting at the same time last year, you can compare the numbers to your competitors, you can compare the results to your industry benchmark and averages and you can also set yourself goals/targets and assess whether or not you are reaching those targets. Its far better to have objective measurable goals in a business, as opposed to subjective guesswork.
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Certificate of completion.
|Section 1: Introduction|
Intro to the course and why burying your head in the sand is not an option
Profit and Loss Account explainedPreview
Balance Sheet explained
|Section 2: Fundamentals|
First three numbers that are important to be aware of in business - fundamental numbers
|Section 3: Liquidity|
Three liquidity numbers that you need to know
|Section 4: Profitability|
Two profitability numbers that you should know in your business
|Section 5: Solvency|
Insolvency and debt ratios to be aware of
|Section 6: Concluding lecture|
Lisa Newton BA MSc FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, software, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007 and in 2008 Enterprising Business Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award.
Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.
Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.
In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation and cosmic ordering.