MEC Business Finance Series
Hosted by the Masood Entrepreneurship Centre and Paul Suchoparek, ex Finance Director of Adidas UK and founder of Sempas Accountants Limited, these sessions, running throughout Semester 1, are designed to provide a good understanding of key financial metrics to start and grow a business successfully.
This five event series of 90 minute sessions is an opportunity to learn more about trading, profits, bookkeeping, cash flow and securing further funding.
Whether you are already a start-up entrepreneur or interested in starting your own business in the future these sessions are for you.
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Session 1 Starting up
Thursday 3 November 2022, 10:00 - 11:45
This session will focus on Starting up covering, but not limited to, the following aspects:
• Pre-start (i.e. test trading, funding position etc)
• Structuring your business (Sole Trader, Limited Company, Partnership, Social Enterprise)
• Registering the business
• Filing, other responsibilities and obligations (i.e. legal and tax)Register
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Session 2 Pricing for Profit
Thursday 10 November 2022, 10:00 - 11:45
This session will focus on Pricing your products/services to make a profit covering, but not limited to, the following aspects:
• Knowing your market
• How to price when selling many products
• Pricing for serviceBudgeting and forecasting
• Forecasting all revenues and costs
• Techniques to adopt for good budgetingRegister
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Session 3 Knowing the Score
Thursday 24 November 2022, 10:00 - 11:45
This session will focus on Keeping the business under good financial control covering, but not limited to, the following aspects:
• How to keep up to date with the business' financial position efficiently
• Putting together a basic profit and loss report
• Claiming expenses
• Some tax points including what taxes to pay, allowable costs, tax advantages of costs inc R&D expenditureRegister
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Session 4 Cash Flow Management
Thursday 1 December 2022, 10:00 - 11:45
This session will focus on Cash Flow Management covering, but not limited to, the following aspects:
• Cash flow forecasting
• Forecasting start-up costs
• Good cash flow management practices- tips/advice
• How to avoid risksRegister
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Session 5 Funding your business for growth
Thursday 8 December 2022, 10:00 - 11:45
This session will focus on Funding and Company Valuation covering, but not limited to, the following aspects:
Funding opportunities and process
• Grants
• Loans
• Equity investmentCompany Valuation (For when pitching to potential investors)
• What early stage investors are looking for
• Forecasted Future earnings and Discounted cash flowRegister
Contact entrepreneurship@manchester.ac.uk for further information.