Upcoming Events
Financial Management for Entrepreneurs - August 2025
This workshop is designed to help entrepreneurs better understand the financial management of their small businesses. It focuses on the fundamentals of financial management, budget planning, and using financial tools to ensure long-term business viability and growth.
Workshop objectives
- Provide participants with the essential foundations of financial management, tailored to the specific needs of small businesses
- Helping entrepreneurs understand the importance of financial planning to avoid cash flow problems and ensure business profitability
- Provide tools to monitor and analyze the financial performance of the company
- Assist in making strategic financial decisions, including financing, investments and cost management.
Topics covered:
- Cash flow planning and management
- Basic Accounting for Entrepreneurs
- How to Prepare a Balance Sheet and Income Statement
- Savings and investment strategies for businesses
Target audience:
Entrepreneurs, new businesses, startups.
Workshop Content
Introduction to Financial Management for Small Business
Why Financial Management is Crucial for SMEs
- Common financial challenges facing small businesses: insufficient cash flow, poor cost management, lack of planning.
- The impact of poor financial management on business sustainability
- How good financial management helps you make informed decisions and maximize profitability.
Basic financial management tools
- Essential Financial Statements: Balance Sheet, Income Statement, and Cash Flow Statement
- The importance of accounting and bookkeeping regularly and accurately.
Cash flow management
Understanding Cash Flow
- Difference between profitability and liquidity: why a profitable company may run out of cash
- How to manage cash flow to avoid cash flow crisis (management of trade receivables, negotiation of deadlines with suppliers)
Tools to track cash flow
- Create a monthly cash flow forecast to anticipate cash inflows and outflows.
- Using accounting software to automate and track financial flows in real time.
- Cash Management Tools for Small Business: Excel Templates, Financial Management Software
Budget planning and financial performance monitoring
Creating a Business Budget
- How to Create a Realistic Business Budget: Estimating Income and Expenses
- The distinction between fixed and variable expenses, and their impact on profitability.
Analyze gaps between forecasts and actual performance
- How to adjust a budget based on actual results and market changes
- Using financial dashboards to track key business performance.
Tax planning
- Understand tax obligations and tax deductions specific to small businesses.
- The importance of tax planning to avoid unpleasant surprises when filing taxes.
Cost management and profit margin optimization
Analyze and control costs
- How to calculate the cost price of a product or service
- Identify fixed and variable costs and know where to save money
Improve profit margins
- Strategies to increase margins: price optimization, reduction of production costs, improvement of efficiency
- Comment négocier avec les fournisseurs pour obtenir de meilleures conditions.
Small Business Financing
Sources of Financing for Small Businesses
- Financing options available: bank loans, private investors, crowdfunding, grants and government aid
- The criteria for obtaining financing: preparation of a solid file, presentation of the business plan and financial forecasts.
How to assess financing needs
- Determine how much money is needed to start or expand the business
- Calculate return on investment (ROI) to justify funding to investors.
Pitfalls to avoid in financing
- How to avoid ending up with too much debt or poor financing conditions
- The importance of understanding the terms of loans and financing agreements before signing.
Investments and growth strategy
How to use profits to invest in the business
- Reinvest in the development of new products/services, training, equipment purchases, or geographic expansion.
- The importance of prioritizing investments based on business needs
Analyze investment opportunities
- How to evaluate short and long term investment opportunities to increase business profitability.
- The risks associated with investing and managing those risks in a small business.
Preparing for exit and succession planning
Business Succession Planning
- Why Succession Planning Is Essential, Even for a Small Business
- How to structure a business sale or transfer to a successor while optimizing tax and financial aspects
The importance of exit strategy
- Exit options for entrepreneurs: sale, buyout, or family transfer.
- How to Evaluate Business Value and Negotiate a Successful Sale
Teaching methods
- Interactive Conferences: Theoretical sessions combined with real case studies of social entrepreneurs.
- Interactive conferences: Theoretical sessions followed by case studies and concrete examples to facilitate understanding of the concepts.
- Practical workshops: Cash management simulation, creation of budgets and financial forecasts.
- Q&A Sessions: Allow attendees to ask specific questions related to their business and get practical advice
- Group exercises: Discussion of financial problems encountered by SMEs and possible solutions
Workshop duration
- 1 full day (9:00 a.m. to 5:00 p.m.), with breaks for informal discussions and networking.
- Possibility of additional sessions to explore topics such as tax planning or investment management in more depth.
Target audience
- Small Business Owners: Those looking to better understand and manage their business finances
- Beginning Entrepreneurs: Those who want to understand the basics of financial management before starting their business
- Financial managers in SMEs: To improve financial management within the company.
Speakers
- Accounting and Financial Management Experts: To provide practical advice on small business financial management.
- SME Finance Consultants: Advice on access to finance and cost management.
- Experienced Entrepreneurs: Testimonials from entrepreneurs who have successfully managed their SME finances effectively
Workshop location
- Suggested location: Conference room or business center, equipped for hands-on workshops and interactive presentations.
- Virtual Access: Ability to participate remotely via an online platform for entrepreneurs located remotely.
Post-workshop follow-up
- Individual Consultations: For participants with specific financial management or financing needs
- Networking: Access to a network of small businesses to share financial best practices and find partners
- Additional webinars: Continuing education on specific topics, such as investment management or tax optimization.
- This workshop will help participants gain a solid understanding of financial management, essential for the long-term success of their small businesses.