THE KEY TO ENTREPRENEURIAL FINANCE, BY VLERICK BUSINESS SCHOOL
During this interactive and engaging session, we will delve into the fascinating world of finance and provide an overview of what any entrepreneur should know about the financial side of doing business.
Key finance terminology will be discussed, including a review of the three major statements, being the balance sheet, the P&L, and the cash flow statement. Additionally, we will convince you of the huge importance of optimizing cash at hand, by going into working capital management, which is all about the company's operating cycle and the corresponding timing of cash in and out flows. Building a financial plan will also be touched upon – as it helps to avoid liquidity issues – and is a critical tool when attracting funding – it will give a clue regarding how much financing is likely needed, by when and for how long. Both working capital management and financial planning are conceptually not complicated yet often do not get that much attention, in particular at small firms and start-ups.
The approach will be hands-on, with a ton of illustrations, and focus on a helicopter overview/grasping the bigger picture/the story and rationale behind numbers,
rather than zooming into all technical details and exact calculations.
PRACTICALS
- Timings: 18u00 - 21u00, with a break in the middle
- Food&Drinks: During the break, some basics in drinks and bites will be provided to keep your brain powered
- Location: Wintercircus Auditorium
GUEST POLICY
Members Only
