Many SME owners can find themselves running a business without any formal business qualification and subsequently lack the skills and confidence to make important business decisions. Good financial literacy is essential in any organisation and especially for SMEs that are looking to expand and compete in this increasingly complex commercial world.
Having good financial literacy will impact your ability to raise finance, forecast accurately, scale and prevent practices which often lead to failure.
LEO DLR are running an evening workshop on Thursday 10th October to advise small business owners on the importance of financial management and literacy and to help them understand the basics and get some practical tips.
The session will cover:
Financial planning for the next 18 months
Cashflow management, the art of not running out of cash, good pricing and tight cost management
Profit and loss projections
Best practice for financial management
Checklist for applying for finance
Delivered by Clare Fay, Entrepreneurs Academy - an ACCA accountant who has held senior financial positions with corporate businesses and Multi National organisations.