7. Financial Literacy for small business owners and self employed individuals

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Course code: 5989

Learn how to navigate financial terminology in simple terms Income, expenses, reserves, fixed assets, variable assets, interest profit and loss.

when
From 24 Feb 2025
Mon 09:30-12:00One day
Date
24 Feb 2025
Time
09:30 to 12:00
where
Kenton Learning Centre 

86 Glebe Avenue

HA3 9LF


fees

free

who

Learn Harrow

learnharrow@harrow.gov.uk

020 8204 3567

What the course is about

<p><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Intro to workshop aims</span></span></p>

<ul>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Financial terminology in simple terms Income, expenses, reserves, fixed assets, variable assets, interest profit and loss</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Activity Match Terminology with appropriate meaning</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Budget 101</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Meaning of Fixed assists and Variable assets</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Easy Personal budget planning tools</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Easy business Budget plan tools and Apps</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Activity Review mock budget and discuss Good. Bad. Useful/Not useful Where could it be improved if needs be</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Monthly cashflow forecast</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">What is a monthly cashflow and why is it useful</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Activity review a mock cashflow forecast and discuss potential improvements</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Good vs Bad debt</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Reserves what are they and why necessary</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Setting a saving/reserves budget</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Difference between Goals and objectives</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Discuss Short mid and long term objectives</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Takeaways Tips for success</span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Aptos,sans-serif">Reflection</span></span></li>
</ul>

<p><span style="font-size:11.0pt"><span style="font-family:&#34;Aptos&#34;,sans-serif">Evaluation</span></span></p>

<p> </p>

<p> </p>

<p> </p>

Language of Instruction

<p>English</p>

Language of Assessment

<p>English</p>