Financial management can be the most intimidating part of running a business. The goal of this course is
Business Finance 1: Getting Started
Financial management can be the most intimidating part of running a business. The goal of this course is to reveal that it need not be.
Intended for entrepreneurs unfamiliar with business financial management, Business Finances 1 introduces its 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, 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.
NYC Department of Small Business Services
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