This course explains how the finances of the business and its owner are intertwined, including cash flow and debt.
A common cause of failure among startups is the business owner running out of cash before the business has time to become successful. The interplay between the financial conditions of a business and the financial situation of the owner is something that many entrepreneurs fail to plan for when they launch a new business. This course explains how the finances of the business and its owner are intertwined, including cash flow and debt. We also explore ways in which an entrepreneur can more effectively manage the personal side of this financial equation to ensure that their business has the best chance for survival from startup through its maturity. Finally, we look at the paths entrepreneurs have available to build personal wealth.
Learning Objectives:
1 activity • 14 videos • duration: 1h 30m
Entrepreneur / Professor / Author
Dr. Jeff Cornwall is the inaugural recipient of the Jack C. Massey Chair in Entrepreneurship and Professor of Entrepreneurship at Belmont University in Nashville, Tennessee. He also was founding director of the Center for Entrepreneurship at Belmont, and led the Center for the first ten years of its operation. He has a Doctorate in Business Administration and an MBA from the University of Kentucky. In the late 1980’s, Dr. Cornwall left academics for a nine year “sabbatical” to become the co-founder and President/CEO of Atlantic Behavioral Health Systems, headquartered in Raleigh, NC. Dr. Cornwall has received national awards for his work in curriculum development and teaching, and in 2013 he was named the National Entrepreneurship Educator of the Year by the United States Association of Small Business and Entrepreneurship. He has published ten books and numerous articles on entrepreneurship.
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Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
Great topic!
I loved this course. I am a newer Entrepreneur with an accounting background. These concepts were well explained and I like the general rules of thumb. It covered the topic areas that I was interested in learning about. Thank you!
