Finance 101 for Entrepreneurs

Course Description

This completely online and self-paced one-module course utilizes Inc. Magazine’s prize-winning editorial content to introduce basic concepts of finance, including startup financing; pricing; cash flow; and financial ratios. The focus is on providing practical, hands-on advice to entrepreneurs and small-business people, including video segments with analysis and commentary from industry-leading practitioners and subject matter experts. The course also offers real-world examples, how-to lists and advice, interactive games, and review questions to ensure mastery of the material.

Included with your course is a one (1) year complimentary subscription to Inc. Magazine ($19.99 value). Your subscription will start with the current issue. Inc. Magazine publishes 6 issues a year.

Learning Outcomes

• Articulate the key principles of financial management
• Read and understand a financial statement
• Distinguish between the most common types of startup financing
• Explain the difference between fixed and variable costs
• Devise a pricing strategy for your company’s product or service
• Use cash budgeting to anticipate possible cash-flow problems
• Identify the most important financial ratios, and explain the significance of each
• Articulate strategies for maintaining a positive cash flow
• Perform a break-even analysis and explain its importance to your strategic planning
• Discuss budgeting approaches that can be taken during an economic downturn
• Explain the factors and metrics that should be taken into account when evaluating a possible acquisition