This workshop is for Aboriginal and Torres Strait Islander people who require further understanding of financial terminology and what you need to plan to set up your finance budget to establish if your business is financially viable and to gain skills to manage your finances. This workshop is targeted for advanced level customers.
In this workshop;
You will develop sample financial budgets by; Identifying start-up fund requirements, projecting sales, Setting realistic projections, Phasing sales in the first year, Identifying operational expenses of the business, Calculating what profit the business will make, Prepare some sensitivity analysis, and Identifying breakeven point.
After completing this workshop, you will be equipped with a budgeting tools to develop your finance budget to run and manage your business.