Managing Your Business Finances

For next course dates:
Call +44 1480 213744 or...
email education@cedia.co.uk

Members: £179

Non-members: £249

Managing the financial processes of your business properly can mean the difference between success and dissolution. Whether or not you use an accountant you still need to manage your cash flow, keep your records up-to-date, know your margin, control your costs, develop a profitable pricing strategy, pay your staff, pay your contractors and pay yourself. You also need to understand exactly what your financial obligations are as a business owner and how managing your customers is just as important as managing your accountant.

This valuable workshop aims to help small business owners get to grips with the core principles of sound financial management and begin developing robust financial management practices throughout the business.

Topics covered in the training include:

  • Basics on tax and National insurance including classes and tax thresholds
  • Reliefs on dividends
  • Paying yourself
  • Keeping records - timeline and basics
  • Types of costs
  • Pros and cons of being limited and sole trader
  • Pricing strategies
  • Knowing your margin
  • Price versus value
  • Life time value of customers
  • Cost of running promotions
  • What is investment? How do you calculate what you need to earn to make a success of investment?
  • What are 'opportunity costs'?
  • Long term planning to grow your business
  • Long term personal planning

CEDIA Education Units (CEUs)

Attendees of this course qualify for 6 CEU points.

Next dates for this course:

For next dates and booking options call: +44 1480 213744 or email education@cedia.co.uk

New to the industry?
Check out the CEDIA Recommended toolkit to get an idea of the tools you'll need to get you started.

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