Entrepreneurship & Digital Business · Intermediate level

Intermediate level · Module 3 of 6 · 16 guided hours

Business Finances for Entrepreneurs

Keep finances separate, manage cash flow and reinvest profit wisely.

Learning objectives

  • Separate business and personal money
  • Forecast and manage cash flow
  • Decide how to use profit

Topics

  • separate accounts
  • owner's pay
  • cash flow forecast
  • credit to customers
  • stock and cash
  • reinvestment

Lessons

  1. Lesson 1 Separating Business and Personal Finances

    Protect the business from personal spending.

    separate accountsowner's salarydrawingsrecords

  2. Lesson 2 Cash Flow Forecasting

    See cash shortages before they happen.

    cash in and outopening and closing cashcredit salesbuffer

  3. Lesson 3 Using Profit Wisely

    Decide how much profit to reinvest, save and take out.

    reinvestmentsavings and emergency fundreturn on investmentpriorities

Practical activity

Build a six-month cash flow forecast for your business and plan how to use profit.

Expected outcomes

  • No surprise cash shortages
  • Disciplined reinvestment

Assessment

Cash flow forecast and profit plan reviewed.

Taught live by an instructor — online or in person. Free course lessons are for self-study and do not lead to a certificate — see registration options.