Business Finances 1: Getting Started
Financial management can be the most intimidating part of running a business. The goal of this course is to reveal that it need not be.
Intended for entrepreneurs unfamiliar with business financial management, Business Finances 1 introduces its key terms and concepts in everyday language.
During this course, you will:
• Develop an understanding of basic business financial terms, such as profit, cash flow, and gross margin.
• Work with basic financial statements, including income statements, balance sheets, cash flow statements.
• Define the common business expenses at both the startup and operating stages.
• Calculate gross margins, breakeven points, and profit goals using a case study business.
This course is the fourth module in the NYC Department of Small Business Services’ (SBS) five-course Introduction to Entrepreneurship series.