Financial Basics for Small Business Owners

Financial Basics for Small Business Owners

Financial Basics for Small Business Owners is a practical, easy-to-understand workshop designed to help entrepreneurs gain confidence in managing their business finances. Participants will learn how to separate personal and business finances, understand key financial statements, track cash flow, set realistic budgets, and make informed financial decisions that support long-term growth. Whether you’re just starting out or looking to strengthen your financial foundation, this session provides clear tools and strategies you can apply immediately to improve profitability and financial stability.

Workshop Overview Topics:

• Separating personal and business finances
• Understanding key financial statements (income statement, balance sheet, cash flow)
• Cash flow management and forecasting
• Budgeting for daily operations and growth
• Basic bookkeeping best practices
• Understanding business credit and financing basics
• Common financial mistakes small business owners should avoid

Key Learning Outcomes:

• Gain confidence in managing day-to-day business finances
• Understand and interpret basic financial statements
• Learn how to track, manage, and improve cash flow
• Create and maintain a realistic business budget
• Implement simple bookkeeping systems and best practices
• Make informed financial decisions to support business growth
• Identify and avoid common financial pitfalls that impact profitability