Financial Management for Small Businesses and Entrepreneurs

Running a business requires more than a great idea; it demands clear control over your finances to ensure long-term survival and growth. This course provides a practical foundation in financial management, helping you transition from chaotic spreadsheets to structured, data-driven decision-making. You will start by understanding essential financial terminology, core concepts, and the structure of business accounts before moving on to practical planning models. Through clear written explanations and structured exercises, you will master the mechanics of cash flow, profit and loss statements, and business viability metrics. What you will learn: Understand the difference between fixed and variable costs to price your products accurately; Analyze contribution margins to discover which offerings generate the most profit; Calculate your break-even point to know exactly when your business becomes profitable; Build and maintain structured financial tables for daily cash flow management; Interpret a basic DRE (Income Statement) to evaluate your company's real financial health; Apply modern budgeting practices to plan for future business growth and manage financial risk. This text-based course guides you step-by-step from foundational accounting principles to building a fully functional financial management model. It is designed specifically for aspiring entrepreneurs, small business owners, and freelancers with no prior background in finance or accounting. Take control of your business numbers today and build a sustainable financial future.