Understanding the financial considerations when starting & running a business is a vital part of the planning process. This session will cover the key phrases and wording used when recording business finances.  How the forecasting process will link into your business plan and research.

The trainer will go over finance options and considerations around these options, basic bookkeeping tools and cover what HMRC say and the Tax and NI Contributions that will need to be considered.

Held online, the ‘Managing your business finances’ free workshop brings budding entrepreneurs together to answer the burning questions on all things finance, in an informal session that helps ensure attendees leave with the insight and knowledge required to bring ideas to life and monetise a business plan.

What you’ll learn…

• The importance of financial monitoring
• Pricing and why it is important
• If you need external finance and where to look for loans/grants

Eligibility

This workshop is for anyone with the gem of a business idea or those who have begun researching their idea without taking any further steps to making it a reality.

The workshop is for those living in Sunderland Local Authority Area and haven’t yet registered as self-employed with HMRC.