Business Finances 1: Getting Started

Financial management can be the most intimidating part of running a business. This course – intended for entrepreneurs unfamiliar with business financial management – introduces 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, and 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.