HOW DOES BUSINESS WORK

We know that business is about the numbers. Banks turn us down for loans, saying that the “numbers don’t add up”. We assume that either they are right or that they simply don’t understand the context of small businesses. But the truth is that we often don’t understand our own numbers and can’t explain why they don’t work out. We simply don’t know what we are looking for. If we did, the decisions would be predictable.

Welcome to “How does Business work?” Raizcorp’s foundational finance course designed to demystify the world of finances for you, the entrepreneur. We know how daunting it is to look at your financial statements, so we’ll take it one step at a time. In this course we will analyse our current misconceptions around money in our business and work on reframing our attitude towards finances. We’ll show you that your finances are not something to be afraid of. Rather, by the end of this course, you’ll realise that finances are simply a result of our actions and decisions. They show us the good or bad consequences, giving us an opportunity to take different actions which may lead to different results.

Each module will systematically unpack the financial management accounts that you need to run your business. We will look at the income statement, the budget, the balance sheet and the cash-flow statement. We’ll guide you through reading and understanding what each statement reveals about your business. We’ll introduce you to various financial ratios that can be used to quickly analyse the financial position and status of your business. We will look at how to manage your debt payments and debt collection better. We’ll arm you with a collection of templates and tools to use in your business long after attending this course. By having the right knowledge and skills, means that financial management will no longer be something to fear but rather something to be embraced as an integral component of our entrepreneurial journey.

You will leave this course with better-developed financial skills. You will be able to look at your financials and understand the story that they tell. You will be able to do a basic analysis of the financial mistakes that you have made in order to correct your strategies and actions. You will be able to see the positive aspects of your financial decisions to assess what you need to replicate in order for your business to succeed.

You’ll come away with a comprehensive financial tool arsenal to use in your business repeatedly. These tools have built-in “cheat codes” that will make it easier for you to quickly find the information you need.

You will have a fresh perspective on your pricing, based not only on an in-depth understanding of your break-even point, but also on the role that pricing plays in your business’s strategy. This will help you make better decisions about pricing, discounts, payment terms and even the types of customers you want for your business. You will be a more professional business that has financial policies in place. This will allow you to delegate some of the day-to-day basic bookkeeping and financial administration functions. You can do this with confidence, knowing that these tasks will be done as you would do them, and that your business’s overall financial health will not be at risk while you concentrate on growing your business.

You’ll no longer view your financials with fear and apprehension but rather see them as an integrated part of your business. This will give you vital information to run and grow your business so you can build the business you want in the future, not just one that will survive today.