Being an entrepreneur is certainly not for the faint of heart. Having a great idea does not necessarily a business make. If you have been in business long enough, you have realised that it can be frustrating, difficult and not to mention, expensive when not done right. When done right, it can also be immensely rewarding and fulfilling.
For most businesses to operate optimally we need to keep an eye on expenses, manage our finances and call on the right people to form part of our team. This requires planning, organising, controlling and monitoring financial resources with a view to achieve organisational goals and objectives.
In this program we will start by looking at the various business structures available to ensure you are operating in the most cost-effective way. We also address budgeting, billing, cash collections and payments. The section on reporting will clarify the purpose and requirements for different types of reporting. We also address the various types of taxes applicable to your business. Once we have a firmer grasp on the financial affairs of the business, we will address the different business activities, determine when team members are required and look at outsourcing some activities.