Full course description
This course introduces financial management principles for entrepreneurs in the wellness industry. Students will gain a foundational understanding of financial management concepts, starting with an introduction to financial planning and basic financial statements essential for assessing the financial health of a small business. Entrepreneurs will learn strategies for securing funding for their ventures, including an overview of common sources such as loans, investors, and grants. The course will provide practical budgeting and cash flow management guidance, including day-to-day operations and long-term growth planning. Participants will explore various revenue streams and gain valuable insights into creating and managing budgets tailored to their business needs.
- Evaluate different funding options available to entrepreneurs in the wellness industry, including loans, investors, and grants, to determine the most suitable financing strategy for their ventures.
- Utilize financial statements to assess the financial health of a small business.
- Develop cash flow management techniques to monitor and optimize day-to-day operations effectively.
- Explore revenue streams related to a wellness business to promote sales.
- Develop essential skills for financial planning, budgeting, and business operations.
Awards 3 hours of continuing education credit.