* Ideal course for budding or new business owners
* Start at any time
This short course will help you develop the skills and knowledge to estimate start-up costs for your new business venture, determine financial viability and projected cash flow and budget.
You’ll develop an understanding of how to ascertain your own financial position in the context of resourcing a new small business, forecast business activity, source different funding options, and monitor profitability of the business.
Course Content
This course is structured into three modules:
- Prepare to organise finances for a new business venture
- Determine required finances for a new business venture
- Plan to access finances for a new business venture
Learning Outcomes
This course is designed to help you explore new business ideas and research whether there is a demand for the business services/products together with highlighting market opportunities.
Prepare to organise finances for a new business venture
- Establishing personal current financial situation
- Determine equity finance and assets available for the business from personal, family or community sources
- Identify business mix and forecast expected business activity over a year
Determine required finances for a new business venture
- Estimate start-up costs for the business
- Estimating income and expenses for the first year of operations
- Cash flow projections for the first year of operation
- Seeking specialist financial advice
- Recording cash flow and budget
Plan to access finances for a new business venture
- Investigate and source suitable types of finance
- Establish methods of accessing finances
- Completing documentation required to access finance
Entry Requirement
There are no formal educational entry requirements for this course.
To support a successful learning experience students will need minimum technology requirements including access to a device (desktop/mobile/tablet), reliable internet connection, and use of a personal email account.
Course Delivery and Support
This course is delivered online via MiTraining's Learning Management System (LMS) which includes:
- Course content and reading materials
- Activities
- Supplementary learning materials
Course Duration
You have a full three months access to the learning resources to complete this course.
Course FAQs
The course fee is a one-off upfront payment. If you require an invoice prior to payment please email enquiries@mitraining.edu.au or call 1300 549 190.
