Organization Types
pros and cons of business structures |
After completing this module, the participants will become familiar with the common types of business formations, including:
- Sole Proprietorship
- Partnership
- Limited Liability Company (LLC)
- C-corporation
- S-corporation
|
Time Management
tips to make you more efficient |
After completing this module, the participants will be able to:
- Improve their time management skills.
- Apply some common time management practices, such as:
- ABC Analysis
- Pareto Analysis
- Eisenhower Method
- POSEC Method
|
Financial Management
understanding this critical practice |
After completing this module, the participants will be able to:
- Understand the essentials of financial management.
- Apply financial management practices, rules, and tools most relevant for small businesses.
- Prepare for common business financing needs: start-up finance, working capital, and fixed asset loans.
|
Recordkeeping
as a managerial tool |
After completing this module, the participants will be able to:
- Improve their overall recordkeeping practices.
- Apply tricks and tools relevant to their business.
- Choose among various software to support their recordkeeping.
|
Banking Services
designed for small businesses |
After completing this module, the participants will be able to:
- Recognize the most common banking services for small businesses, including merchant services, payroll processing, business credit and others.
- Understand how other small business owners decide which banking services to use.
- Evaluate the applicability of each of banking service to their business needs.
|
Credit Reporting
demystified |
After completing this module, the participants will be able to:
- Understand how credit reports are used in the underwriting of business loans.
- Apply common business practices and tools to help in proper credit reporting.
- Develop strategies to build or improve their business’ credit.
- Protect themselves from credit-related scams and know what to do if their business becomes a victim.
|
Risk Management
planning for what you can and cannot control |
After completing this module, the participants will be able to:
- Understand the external and internal factors which affect risk for a small business.
- Recognize the common warning signs of risk for a small business.
- Implement, monitor, and evaluate a risk management plan for their business.
|
Insurance
choices for businesses |
After completing this module, the participants will be able to:
- Understand their business’ insurance needs.
- Choose the insurance products that are best for their business.
|
Tax Planning
and Reporting |
After completing this module, the participants will be able to:
- Predict their businesses’ federal, state and local tax liabilities.
- Prepare for tax obligations and establish proper accounts.
- Obtain the proper licenses for their business and meet reporting requirements.
|
Selling Your Business
and Succession Planning |
After completing this module, the participants will be able to:
- Incorporate life-cycle issues into their management planning.
- Decide the best option for them to exit their business.
- Prepare for retirement.
|
