Financial Management for Small Business Certificate

Financing Your Business

Financing Your Business is one module in a five-part series designed to help businesses increase their profits by improving their financial management skills. Raising the funds they need is one of the biggest challenges faced by business owners. In this course you will find out about the different types of financing available to small business, and the benefits and drawbacks of each. You will learn how to use the Internet to research sources of financing. And you will get useful tips on how to approach lenders and investors.

Managing Risk

Managing Risk is one module in a five-part series designed to help businesses increase their profits by improving their financial management skills. As a business owner, you face a variety of risks daily. You can reduce or share some of these with insurance companies, but others you have to bear in their entirety. These are the ones that you must evaluate carefully in light of your own risk threshold. Although it is impossible to eliminate risk entirely, there are strategies for assessing and managing risk that will help you keep your business risk within limits that are acceptable to you. In this course we will talk about how you can assess the risk associated with a variety of business decisions. We will review different types of business risk, and suggest strategies for managing them.

Managing Your Accounts Receivable

Managing Your Accounts Receivable is one module in a five-part series designed to help businesses increase their profits by improving their financial management skills. An account receivable is most valuable when it is turned from a receivable into actual cash - that is, when the account is collected. In this course, you will examine the benefits and disadvantages of granting credit to business customers, and look at some criteria for deciding which customers are creditworthy. You will also find out about the importance of monitoring your accounts receivable and of developing a clear and consistent collection policy.

Managing Your Cash

Managing Your Cash is one module in a five-part series designed to help businesses increase their profits by improving their financial management skills. Cash has been described as the life blood of a business. A business may be profitable, but if it does not generate sufficient cash flow, it will run into financial trouble. In this course you will find out why you should pay attention to your cash flow. You will receive step by step instructions for preparing a cash flow forecast that will help you keep your business healthy.

Seeking Advice

Seeking Advice is one module in a five-part series designed to help businesses increase their profits by improving their financial management skills. It is unrealistic to think that a business owner can be an expert in every aspect of owning and running a business. Outside consultants and business professionals can provide you with the advice and professional expertise you need to make your business succeed. In this course you will learn how to assess your needs for outside assistance. We will review the business professionals that small companies typically consult. And finally, we will give you some strategies for choosing the right advisors for your business.