Starting and running a business requires a good understanding of how to set up and control your finances, this session will improve your chances of being successful..

Participants will Learn:
• Basic financial terms
• How to read a profit & loss, balance sheet & cashflow report
• The difference between Profit & Cashflow
• Key financial calculations
• How budgets can help reach your goals
• The foundation of budgeting (where to get the information)
• How to build a budget (the basics)
• Types of budgets
• Understand the components of budgets
• How to develop a budget
• Learn what your statutory obligations are

This workshop will be presented by Andrew McMahon.

Andrew is a proud Wiradjuri man and business owner, holding over 35 years’ experience in the areas of Business Advice and Development, Procurement and Accounts Management and Financial Risk Management and Sales. He has worked across diverse industries and sectors including Aboriginal Organisations, Small to Medium Enterprises, Government and the Fast-Moving Consumer Goods sector and some of Australia’s leading Corporations.

With his extensive experience as a Small Business Owner and many years working with small to medium enterprises and not for profits to build business capacity combined with a strong career in business development, training, management and procurement for large Corporate, Andrew has acquired a unique skillset that supports his passion to enable Small Business Owners in the market place to be successful.