Join Jim Stice for an in-depth discussion in this video Entrepreneurs, investors, and facilitators, part of Finance for Non-Financial Managers.
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- Now let's think about what's going on…outside of companies with regard to finance.…Let's think about all the economic activity…in the world as a sea, an ocean with three kinds of…players swimming around in that ocean.…First there are the entrepreneurs, the creators,…the doers, organizations with ideas, objectives.…These are the companies looking for funding.…They're swimming around out there.…There are also investors swimming around out there.…These are the entities, individuals, companies…who have saved money in the past…and are now ready to lend it or invest it in somebody else.…
Finally, there are facilitators swimming around out there,…specialized institutions that will match up…the entrepreneurs who have ideas but don't have money…with the investors who've got the money.…That's the economic environment…that we're talking about.…So we've got the entrepreneurs…who are running companies.…We've already talked about what goes on…inside companies with regard to finance.…Entrepreneurs need to decide what to buy,…
- Interpret financial reports and make decisions based on available data
- Manage inventory and receivables
- Create an accurate budget
- Cost a product or service
- Analyze customers
- Understand your income taxes
- Communicate your contribution to the bottom line
Skill Level Appropriate for all
1. Understanding Finance and Accounting
2. Most Common Financial Reports
3. Techniques for Using Financial Reports
4. Short-Term Financial Management
5. Costing a Product or Service
Drafting a budget4m 59s
7. Income Taxes
Next steps1m 38s
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