10 Numbers Every Business Owner Should Know
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10 Numbers Every Business Owner Should Know

Stay ahead of the competition and assess whether or not your business is on track for success or failure
5.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
15 students enrolled
Created by Lisa Newton
Last updated 5/2017
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Current price: $10 Original price: $20 Discount: 50% off
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  • 1 hour on-demand video
  • 1 Article
  • 3 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • By the end of the course you will know the 10 numbers that will help you to manage and operate a more effective business
  • You'll understand various liquidity, profitability and business operation efficiency ratios
View Curriculum
  • An interest in business

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.

Who is the target audience?
  • Business owners, entrepreneurs, potential business owners, business studies students who are intending to start their own business or those working in the finance department as management accountants who want to add more value to their clients and employers
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Curriculum For This Course
3 Lectures 13:05

Intro to the course and why burying your head in the sand is not an option

Preview 03:07

Balance Sheet explained
1 Lecture 06:03

First three numbers that are important to be aware of in business - fundamental numbers

Three fundamental numbers
1 Lecture 10:25

Three liquidity numbers that you need to know

Three liquidity numbers
1 Lecture 06:43

Two profitability numbers that you should know in your business

Preview 06:43
1 Lecture 09:05

Insolvency and debt ratios to be aware of

Insolvency and debt numbers
Concluding lecture
2 Lectures 02:21
Concluding lecture

Next steps
About the Instructor
Lisa Newton
4.0 Average rating
340 Reviews
4,244 Students
100 Courses
Entrepreneur, Infopreneur & Serial Author

Lisa Newton BA MSc AAT 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, property management, publishing, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007, in 2008 Enterprising Business Award, in 2016 BE Mogul Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award. In 2015 and 2017 one of her companies won Best Bookkeeping Business London (Accountancy International Awards).

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, How to Franchise Your Business and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa hosts her own show The Authors Podcast which can be found on the iTunes channel.

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, yoga and cosmic ordering.