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
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11 students enrolled
Instructed by Lisa Newton Business / Finance
$20
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  • Lectures 9
  • Contents Video: 1 hour
    Other: 0 mins
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 3/2015 English

Course Description

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.

What are the requirements?

  • An interest in business

What am I going to get from this course?

  • 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

What 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

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
03:07

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

Profit and Loss Account explained
Preview
04:24
Balance Sheet explained
05:34
Section 2: Fundamentals
06:03

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

Section 3: Liquidity
10:25

Three liquidity numbers that you need to know

Section 4: Profitability
06:43

Two profitability numbers that you should know in your business

Section 5: Solvency
09:05

Insolvency and debt ratios to be aware of

Section 6: Concluding lecture
Concluding lecture
02:07
Next steps
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Instructor Biography

Lisa Newton, Entrepreneur & Serial Author

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.

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