Finances for Freelancers and Small Businesses
- Level(s) of Study: Short course
- Course Fee:
£360
- Start Date(s): 18 July 2024
- Duration: Thursday - Friday, 10 am - 4 pm, two days.
- Study Mode(s): Short course
- Campus: City Campus
- Entry Requirements:
More information
Introduction:
Are you a freelancer, small business owner or looking to set up a business?
Would you like to take control of your business finances and achieve sustainable financial success?
This practical course is designed to equip you with essential financial management skills tailored to the unique challenges and opportunities of freelancing and small-scale entrepreneurship.
Whether you're just starting out or looking to improve your existing financial systems, this course will provide you with the knowledge and tools needed to make informed decisions, maximise profits, and secure a stable financial future.
This course has been created in a way that’s easy to understand, so you won’t be overwhelmed by jargon, and you will soon be confident in understanding and organising your business finances.
This course is designed to help you:
- understand and manage your business finances
- set up systems and procedures that will make your life simpler and meet legal requirements
- think in advance and plan (be proactive rather than reactive).
What you’ll study
On this course you will unlock the skills needed to master your finances with confidence.
During this course, you will:
- discover the key financial components of running a small business, from setting up a budget and tracking expenses to pricing strategies and cash flow management
- gain insights into tax obligations specifically for freelancers and small businesses
- learn how to organise your financial records and prepare for the tax return efficiently
- look at how to manage and strategically use debt to support business growth without falling into financial pitfalls.
Here’s a breakdown of what you’ll study during the course:
- Record Keeping and Cash Flow Forecasting
- Bank Accounts, Tax, and Income
- Understanding the differences between sole trader, Ltd Company and social enterprise
- Growth of your business
After being introduced to each other’s businesses, you’ll work on a simple personal survival budget, understand best practice in record keeping, taking money (point of sale & invoicing) and debt management.
You’ll learn how to make a simple business budget and complete cash flow forecasting.
You’ll look at the do’s and don’ts when it comes to spending money, understand more about bank accounts for business, tax and what you’ll need to pay, and look at an income model to suit your business.
Considering several factors, you’ll look at control, risk, reputation and image, and applying for funding or loans.
You’ll spent time looking at where you will get your money from and who are your paying customers, taxes and where you’ll be better off, and taking money out of the business.
Thinking about the growth of your business, you’ll look at the actions needed before growth and the impacts of growing your business. You’ll be introduced to VAT and look at making tax digital.
Further information on what you'll study
By end of the course you will be familiar and confident in understanding and managing all the essential financial aspects in running a small business.
How you’re taught
This course will be delivered in person on Nottingham Trent University city campus.
You will receive 10 contact hours of quality tuition with an experienced tutor.
98% of previous course attendees were satisfied with the course, received the attention they needed and would consider doing another short course at NTU.
Campus and facilities
Entry requirements
Level: Beginner
Entry requirement: No experience is required.
You must be over the age of 18 in order to attend this course.
Getting in touch
If you need more help or information, get in touch through our enquiry form
Level: Beginner
Entry requirement: No experience is required.
You must be over the age of 18 in order to attend this course.
Fees and funding
The fee for this course is £360.
Payment is due at the time of booking - ask us if you'd prefer an invoice sent to your company.
Secure your place with a deposit!
If you're booking more than two months before the course starts, we can accept a £200 deposit to secure your place, and the balance is due one month before the course starts.
Your course fees cover the cost of studies and include great benefits such as the use of our modern library and free use of the IT equipment and software on the campus during your course.
You can read the terms and conditions of booking here.
The fee for this course is £360.
Payment is due at the time of booking - ask us if you'd prefer an invoice sent to your company.
Secure your place with a deposit!
If you're booking more than two months before the course starts, we can accept a £200 deposit to secure your place, and the balance is due one month before the course starts.
Your course fees cover the cost of studies and include great benefits such as the use of our modern library and free use of the IT equipment and software on the campus during your course.
You can read the terms and conditions of booking here.