Staying in business
It is absolutely essential that the senior managers of all companies are able to control their business finances effectively. Poor financial control is by far the most significant cause of business failure. Entrepreneurs must learn the practical skills of financial management, or their new businesses are almost certain to join the 80% who fail within the first two years.
The GreySky Finance course has been developed specifically for entrepreneurs. Its aim is not to train new accountants, but to focus solely on the practical necessities of running a business.
From the basics to tricks-of-the-trade
From setting up the company finances to preparing the first year’s accounts, students learn how to record and manage basic business transactions. Basic business bookkeeping provides the foundation of effective financial management.
“Cash is King”. An annoying cliché perhaps, but still true. Effective cash flow gives a business better access to funding, greater success in bigger contracts, and stronger growth. Poor cash flow kills a business. With the basics (like invoicing and VAT management) in place, students go on to look at some of the “tricks of the trade”. Managing customers and suppliers effectively can transform a business. Simple but effective techniques can encourage customers to pay promptly and establish sound professional relationships with suppliers.
Using the market leader
Modern small businesses use accounting software to help control their finances. Effective use of appropriate software helps establish a positive relationship with accountants, banks and other critical support professionals. It is also strongly linked to business survival and growth.
Over 90% of accountants who recommend accounting software, recommend Sage. Sage Instant Accounts is the clear market leader for small businesses. GreySky has established a relationship that allows us to provide Sage software to students as a part of the course.
Unique expertise
As with the other GreySky workshops, the GreySky Finance course combines a range of experience to provide a uniquely practical perspective on managing finances for a small business. The GreySky team has contributed to the development of some of the UK’s best accounting software for small businesses – supporting both Sage and Microsoft developments. The team also brings many years’ experience of professional credit control – both with major finance companies and as an independent consultant.
The combination of expertise ensures the GreySky Finance course provides students with a perfect mix of practical advice – from the basic foundations to advanced tricks of the trade.
