This course is designed for small business owners and entrepreneurs looking to improve their financial management skills. It addresses real challenges, such as managing cash flow and understanding the differences between cash flow and profit. By incorporating AI tools like ChatGPT, you'll learn to visualize your financial situation and make informed decisions moving forward.
What you'll learn
understand the critical difference between financial management and accounting
explain the difference between cash flow and profits in your own words
create cash flow statements using Google Sheets
visualize the timing of cash inflows and outflows
calculate working capital and its requirements
enhance forecasting accuracy while considering seasonal variations
use ChatGPT to interpret financial projections
simulate banking loan consultations
prepare informative materials for stakeholders like clients and accountants
develop strategies for emergency cash flow situations