Venue: The Source Academy, 300 Meadowhall Way, Sheffield, S9 1EA
This Masterclass aims to boost the competence of owner managers in the theory and practical everyday use of key financial documents so that they may be more confident in their business dealings with team members, investors, bankers, customers and suppliers.
Session Content
The Masterclass will cover:
- I thought accounts were for accountants! What are the key financial statements? Why do they matter to me and my business? What are they telling us; how to interpret them and how will others interpret them?
- Profit and loss: A quick look at how each of the elements are treated that make up business income, expenditure and overheads.
- The balance sheet in detail: Taking a snapshot of your business – what can we learn?
- The cashflow forecast: How to use common sense to build up a picture of our business future. The key difference between profit and cash, demonstrating the issues of working capital.
Who is the masterclass for?
This Masterclass is for all growing SMEs within the Sheffield City Region, as long as the eligibility criteria is met.
The Masterclass is aimed at business owner managers, entrepreneurs, departmental managers of an existing business, senior managers and anyone involved in a business who would like to understand the financial dimensions of how to run a business better.
More Sheffield City Region Growth Hub Enhancement Project Masterclasses.
Contact us for more information.
This event will be delivered by the ‘Sheffield City Region Growth Hub Enhancement Project’ that is part-funded by the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The project, for high-growth businesses in the Sheffield City Region, aims to increase their competitiveness and so help them grow and prosper.