In partnership with Invest ESSEX, Colbea are hosting a two day workshop to help start-ups and small business owners understand material related to business accounting and entrepreneurial finance. In this workshop, you’ll gain a basic understanding of finance and accounting concepts to drive the success of your business.

The workshop will run from 9:30am to 4:30pm on Tuesday 2nd July 2019 and Wednesday 3rd July 2019 at Colchester Business Centre, 1 George Williams Way, Colchester, Essex, CO1 2JS. The workshop will cost £25.

Book your place here if you are interested. Attendance on both days is required.

Gaining accounting knowledge

This workshop aims to clarify the accounting language so that you are in control of the financial performance of your business, helping you forecast for the future, evaluate your current efforts, and establish strategies to meet your goals.

Accounting knowledge is still needed even if you plan to recruit an accountant as you can make better, informed decisions about your business. This workshop will enable you to have the tools necessary to have a better understanding of what the professionals are saying, so you can run your business more efficiently.

You’ll learn about cash management, funding scored and book keeping basics and on day two, you’ll learn about cash flow forecasting, break even analysis and variance analysis. These topics will give you the confidence and control needed when making financial decisions.

Topics include:

  • Double-entry book keeping
  • Preparation of profit and loss accounts, balance sheets and cash-flow statements
  • Analysis of accounting reports
  • Controlling cash
  • Sources of funding
  • Business planning, budgets, cash flow forecasting and variance analysis
  • Break even analysis
  • Capital appraisal
  • Product costing

Who will be speaking at the workshop

Jim Fletcher ACMA GCMA will be leading the workshop on both days. Jim is a business manager and a dedicated business coach with 40 years of commercial leadership experience.

Drawing on his long career in the manufacturing and engineering sector, Jim provides tailored coaching, consultancy, non-executive directorship and project management services, across a full range of management, finance, sales & marketing and operations functions.

It was a very thorough course, my knowledge vastly improved; and a bucket load of ideas to streamline our business, focus on growth and profit as we go into our new financial year. Jim was an excellent tutor, I liked his hands-on experience, ability to relate scenarios to past difficulties he’d encountered in the workplace and understanding of difficulties facing small business operators. The financing growth element of the course, has made me begin to look at modernising our historic business plan and take finance to facilitate growth.

Stuart Nixon
Director
HA-Acoustics

Who the workshop is for

The workshop is aimed at businesses ranging from start-up founders to local business owners to corporates and is geared to anyone without a finance or accounting background.

Those that can attend include:

  • Entrepreneurs
  • Micro business owners
  • Small business owners
  • Middle managers
  • Consultants
  • Coaches
  • E-commerce businesses
  • Digital marketers
  • Service based business owners

Skills gained

The full value from this course is only gained by full participation in both days. After completing the course, delegates will be able to:

  • understand basic financial documents used in business
  • interpret the information in these documents, and use it to manage day-to-day business activity
  • be more effective in their role

If you are interested, please register here to book your two-day workshop. Attendance on both days is required.

Location