Coaching session 4: Financial planning

Every year, nearly one million people in the UK start their own business. Could you be next? These four coaching sessions will guide you through the fundamentals of starting a business. Working with a small group and supported by a SFEDI accredited business coach, you'll have the opportunity to develop your ideas and explore your business ambitions in a collaborative and supportive environment. By the end of these four coaching sessions, you will have the tools to research and design your business plan and explore its financial viability. Come ready to contribute, share experiences and engage with others in a welcoming space designed to support your entrepreneurial journey! We recommend attending these sessions in order. This is session 4 of 4, click here to see the full collection. (Session 2 & 3 are run together) Financial planning is essential to build a successful and sustainable business. This practical coaching session will demystify the numbers behind a cashflow forecast, help you understand financial terminology and the principles needed to assess business viability, manage risk and plan for future growth. Topics covered: • Key financial terminology • Credit control solutions • Household survival budget and business start-up costs • Business expenditure • Pricing and recording • Start-up and seasonality adjustments • Breakeven calculations • Profit and loss fundamentals • Cashflow management By the end of the coaching session, you will know how to: • Understand your business finances • Create realistic cash flow forecasts • Make informed financial decisions • Prepare your business for growth, investment opportunities and future challenges.