Complete Guide to Financial Planning for Your Business

BY
EntrepreneurNOW! Networks via Futurelearn

Develop your financial knowledge and the skills required for creating a financial model for a successful business through this course.

Mode

Online

Duration

4 Weeks

Quick Facts

particular details
Medium of instructions English
Mode of learning Self study
Mode of Delivery Video and Text Based
Learning efforts 3 Hours Per Week

Course overview

The online course named ‘Create a Robust Financial Plan for Your Business’ is offered by the online educational platform FutureLearn and developed by ‘The EntrepreneurNOW! Network(ENN)’. This programme equips the learners with insights on financial planning and building a strong financial model which influences business progress and sustainability.

The financial model includes the aspects of revenue(predicting incomes), staffing(positions, recruitment process and salary estimation) and expenses while the model eventually formulates the income and cash flow statements. The trainees will observe the emergence of the financial plan and model by setting the numbers and by which business model creation is simplified. This course counters the fear of challenges with the knowledgeable impact of the tools and techniques to form the perfect financial model for developing the business and management.

The ‘Create a Robust Financial Plan for Your Business’ online programme allows the participants to learn at their own pace, discuss, analyse and share ideas with their peers and Ken Burke who is the founder of ‘The EntrepreneurNOW’ as he delivers his valuable inputs on the subject.

The highlights

  • Online Course
  • Four weeks programme
  • Three study hours per week
  • Self-guided learning
  • Progress tracking
  • Certificate

Program offerings

  • Weekly sessions
  • Videos
  • Long and short form articles
  • Audios
  • Practical activities
  • Progress page to keep track
  • Social learning
  • International network of learners
  • Ideas sharing
  • Conversation
  • Notifications
  • Assessments
  • Certificate

Course and certificate fees

certificate availability

Yes

certificate providing authority

Futurelearn

Who it is for

The ‘Create a Robust Financial Plan for Your Business’ online training is aimed at entrepreneurs who run a business of their own or those who are looking for opportunities to start one. The technical knowledge of financial aspects acquired during the course is advantageous for financial analysts. It benefits business officials who would like to upskill their knowledge on financial planning that impacts the business modelling process. It also helps the financial professionals in the business management sector of organisations to develop a better understanding and improve their skill set of financial knowledge and planning.

Eligibility criteria

Certificate qualifying details

The certificate is given by FutureLearn after completion of the 90% of the steps in the ‘Create a Robust Financial Plan for Your Business’ online certification course and finishing all the assessments. The certificate received by the candidates serves as proof of successful completion.

What you will learn

Knowledge of taxation Financial knowledge Financial management Business management

The ‘Create a Robust Financial Plan for Your Business’ online training helps the learners gain an in-depth understanding of financial planning and financial management. It provides a skillset on the following aspects,

  • Building revenue forecasts with no potential criticism by investors.
  • Framing the staffing plan and analyse the need for contractors and staff hiring
  • Evaluating the variation between operating profit and gross margin, and analysing its impact on the business’s growth and development.
  • Reduce the fear factor in working with the business financials
  • Describing gross margin and comprehending its impact
  • Foresee the maximum negative cash flow and the significance of its focus.
  • Recognising key performance indicators (KPI) that impact the business progress.

The syllabus

Week 1: Create a Robust Financial Plan - The Fundamentals

  • Welcome!
  • Business Financials Explained
  • Overcome Roadblocks to Financial Planning
  • Create Your Financial Plan - Overview
  • Download All Course Spreadsheets
  • Workshop - Setting Up Your Financial Model
  • Discuss How to Create a Financial Plan
  • End of Week Quiz

Week 2: Your Revenue Model

  • Revenue Models Explained
  • Revenue Model Walk-Through
  • Workshop - Revenue Model
  • Discuss Building a Revenue Model
  • Quiz

Week 3: Your Staffing and Expense Model

  • Staffing Model Explained
  • Staffing Model Walk-Through
  • Expense Model Explained
  • Expense Model Walk-Through
  • Workshop - Staffing and Expense Models
  • Discuss Building a Staffing and Expense Model
  • End of Week 3

Week 4: Your Financial Statements

  • Income Statement Explained
  • Income Statement Walk-Through
  • Cash Flow Statement Explained
  • 3 Ways to Model Your Financial Statements
  • Workshop - Understanding Your Financial Statements
  • Discuss How to Interrupt Financial Statements
  • Take Quiz
  • Congratulations!!!

Admission details

The admission to the ‘Create a Robust Financial Plan for Your Business’ online course provided by FutureLearn is done by registering for the course online by following the steps mentioned below,

  • Using the link below go to the official course page,   https://www.futurelearn.com/courses/create-a-robust-financial-plan-for-your-business.
  • Click on the ‘Email me when I can join’ button to register for the premium course.
  • The registration page opens and you are expected to fill in the required details to register for the programme.

Filling the form

The application form for the ‘Create a Robust Financial Plan for Your Business’ online programme is found on the registration page. The candidates can fill in the required details in the form to sign in or register for the course using their valid Google ID or Facebook ID.

How it helps

The Create a Robust Financial Plan for Your Business online certification course helps the learners gain expertise in financial knowledge and planning. The financial aspect in business modelling is crucial for the quality and long term success of the business. The course helps the business leaders and others involved in business operations to handle challenges and problems regarding finance and counter potential financial risks in advance. This is done by the analytical methods and tools in financial planning which enables to frame of an ideal financial model that scores out risks and reduces the fear amongst the businessmen.

Instructors

Mr Ken Burke
Founder
EntrepreneurNOW! Net...

FAQs

What is the eligibility for the ‘Create a Robust Financial Plan for Your Business’ online training?

There is no minimum eligibility required for the course.

Is the certificate of achievement provided by FutureLearn equivalent to a degree?

No, the certificate received after the course is proof of the successful completion of the programme.

What is the time mentioned for logging in for the course?

There is no specific time mentioned for login as the candidates can learn at their convenience on their own.

Is the ‘Create a Robust Financial Plan for Your Business’ online training available for free on FutureLearn?

No, the ‘Create a Robust Financial Plan for Your Business’ online programme is a premium one that requires candidates to pay the fee.

What is the duration of the Create a Robust Financial Plan for Your Business’ online certification course?

The training is scheduled for four weeks with three study hours per week.

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