Profitable Foundation

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.

Introduction to Financial Statements

Keeping track of your finances is an important part of small business success. Many business owners make the mistake of looking only at sales and profits. Of course, these are important, but they do not tell the whole story. In this four-part e-learning program, we will show you how to use financial statements to understand and manage your business finances.

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.

Understanding Cash Flow

Cash has often been described as the life blood of a business. Your business may generate profit, but if it does not generate enough cash, you have a problem. Even a business with a high level of sales will not necessarily have the cash needed for its daily operation. In this module, we will explain how the cash flow statement can help you manage the cash you need for your business. We will show you how to analyze a cash flow statement to see where cash comes from in your business and where it goes. Next we will show you how to prepare a cash flow statement. And finally, we will show you how to use a process called aging of accounts to help you identify potential problems with your accounts receivables.

Understanding Financial Statements

The Profit and Loss Statement is one of the most important financial statement used in business. It is often called an Income Statement or an Operating Statement. In this module, you will find out how the Profit and Loss Statement is prepared and what it is used for. You will also learn about the Profit and Loss Statement Summary and the Projected Profit and Loss Statement. Then, you will learn how to use a Balance Sheet to calculate your company's net worth.