$Business Finance 1: Getting Started | LM 8\/20$

Business Finance 1 : Getting Started.
About this Event

Business Finance 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. If you are a pre-startup, we recommend that you complete the first three modules in this series – “First Step to Starting a Business,” “Creating a Business Idea that Works,” and “Building Your Business Operations” – before taking this course.