Volunteer Training Program - Basics of Finance
Learn the basics essentials of Finance at The Hills Shire Council.
Knowing your real costs from development to delivery is essential when building your business model. During this workshop we will examine how to prove your company will have a going concern once it starts. You will also learn how to value your company and draft an investment proposition.
What to Expect
The workshop will begin with a look at all of the costs a product’s sales price supports. We will use a real case study to examine typical numbers for a company selling through distributors and directly through eBay. After reviewing the fixed costs, we will work out how many products we would have to sell and present this in a basic profit and loss statement.
In the second half of the workshop, we will consider costs over a five-year period, looking at the most common valuation models and funding options. We will examine the impact of bank loans, government grants and business angel investments and what each party stands to gain or lose. Finally, we will consider the factors that impact the financial viability of a company, such as cash flow, warranties, assumptions, or inflation.
During the workshop you’ll be doing the actual calculations that entrepreneurs do when they sell equity to business angels or investors so please bring your calculator (or phone).
By the workshop’s conclusion, you will:
- understand the rules of thumb to test a business model
- know the difference between development, fixed and variable costs and how they feature in a profit and loss statement
- see the long-term impact of different sources of funding, including grants, loans and equity be aware of other financial hurdles that need to be considered.
This event is part of The Hills Shire Council Volunteer Training Program.
Due to current circumstances in regards to the Coronavirus, this event will be held online via Zoom. A link to access this online training will be provided on this page closer to the date of the event.
Tuesday, 23 June 2020 | 06:00 PM
- 08:00 PM
The Hills Shire Council, 3 Columbia Court, Norwest 2153 View Map