Financial Literacy and Record-Keeping

About this course

Most small business owners work hard. But at the end of the month, many cannot say with confidence whether their business made money or not. They know money came in. They know they were busy. The actual profit figure? Less clear.

This course changes that. Over six lessons, you will learn to track what comes into your business and what goes out, understand the three numbers that run every business, and calculate a minimum price that actually covers your costs.

You do not need an accounting background. You do not need a computer. You need a notebook, a pen, and ten minutes a day.

What you will have when you finish:

• A clear understanding of revenue, cost, and profit — and how they relate
• A habit of separating business money from personal money
• A completed seven-day income and expense log
• A minimum price calculated from your real costs
• A one-month business summary showing your actual financial picture

Who this course is for:

• Business owners who cannot currently say whether their business is profitable
• Anyone who mixes business and personal money and wants to stop
• Anyone preparing to apply for a loan or business support programme
• Owners who have been pricing by feel and want to price from facts

No prior finance training required. Works equally well for product and service businesses.