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Financial Management for Small Business Certificate
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Course Description

6.0 CE credits for General, Adjuster, Accident & Sickness, and Life licenses
approximately 6 hours, $39.00 (prices may change without notice: consult the VuBiz website)

Increase profits by examining topics such as cash management, sources of financing, accounts-receivable management, business advisers, and methods to reduce risk. Hone your skill in finance, small- and medium-sized business management, and planning.

5 Required Modules

Managing Your Cash
A business may be profitable, but, if it does not generate sufficient cash flow, it will run into financial trouble.
  • Examine the cash conversion cycle and its effect on cash flow.
  • Learn the methods and uses of cash flow projection, and follow step-by-step instructions for preparing a one-year cash flow forecast that will help you keep your business healthy.
  • Identify strategies for managing cash, and use the Internet to research further financial management information and strategies.
Financing Your Business
Business owners often cite the inability to raise the funds they need as their biggest source of frustration.
  • Find out about the different types of financing available to small business and the benefits and drawbacks of each.
  • Examine equity financing and debt financing.
  • Use the Internet to locate many sources of financing while paying particular attention to the small-business financing resources available at the Strategis website.
  • Benefit from useful tips on how to approach lenders and investors.
Managing Your Accounts Receivable
  • Examine the benefits and disadvantages of granting credit to business customers.
  • Look at some criteria and sources for deciding which customers are credit worthy.
  • Analyze the relationship between your credit policy and your cash flow.
  • Learn to monitor your accounts receivable, including an accounts-receivable aging report, and develop a clear and consistent collection policy.
Seeking Advice
  • Learn how to assess your needs for outside assistance and how to get it.
  • Become familiar with sources of business information on the Internet and in the community.
  • Examine types of business professionals and their roles in advising small companies.
  • Learn some strategies for choosing the right advisers for your business.
Managing Risk
  • Assess different types of business risk associated with a variety of business decisions and strategies for managing these risks.
  • Become familiar with types of business risk that can be managed by purchasing insurance.
  • Examine the three-step risk management strategy.
  • Analyze the relationship between cost structure and risk.
  • Learn two methods of analyzing the risk associated with borrowing and three categories of risk associated with international trade.
  • Using the Internet, find out about government-sponsored export insurance.

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