The Need for Financial Literacy Among Solopreneurs
Financial literacy can often seem like a complex and inaccessible realm, especially for those who are not finance professionals. Yet, the ability to understand and effectively manage your business finances is crucial. It affects every part of your business operations, from pricing and profitability to strategic planning and beyond. “Straight Forward Finance” is designed to bridge this gap, offering solopreneurs a solid foundation in financial principles in a clear, jargon-free format.
Course Structure and Content
“Straight Forward Finance” unfolds over four weeks, with each session dedicated to tackling a core aspect of financial management. The course schedule is as follows:
Week 1 – “You Don’t Know What You Don’t Know”: This opening session is all about breaking down the financial jargon that often serves as a barrier to understanding. Participants will be introduced to essential financial terms and concepts that are crucial for everyday business operations. This foundational knowledge ensures that everyone starts from a place of clarity and comprehension, setting the stage for more complex topics in the weeks to come.
Week 2 – “Is It Profitable?”: In the second week, the focus shifts to profitability—a critical aspect of any business. You’ll learn how to assess the profitability of different aspects of your business, from individual products or services to overall operations. This session involves exploring the mechanisms of profit generation and cost management, equipping you with the tools to identify where and how you can enhance your business’s profitability.
Week 3 – “Understanding Your P&L and Forecasting”: This week focuses on the profit and loss statement, a crucial financial document that reveals the results of your business activities. Understanding your P&L is vital for effective financial forecasting. In this session, participants will learn how to read and interpret these statements and use this information to forecast future financial activities. This foresight is critical for planning and preparing for what lies ahead, ensuring that you’re not just reacting to your business environment but proactively managing it.
Week 4 – “Cash Flow is King”: The final week addresses one of the most critical aspects of financial management—cash flow. Understanding cash flow is essential for maintaining the health of your business. You’ll explore techniques to manage and improve cash flow, ensuring that your business stays solvent and avoids the common pitfalls that can lead to financial difficulties.
Interactive and Personalised Learning Experience
“Straight Forward Finance” is intentionally capped at eight participants. This small group setting ensures that each solopreneur receives personalised attention and can engage deeply with the content. The interactive format encourages participants to discuss their own financial scenarios in a confidential setting, enhancing the learning experience. This approach guarantees that you not only learn theoretical concepts but also how to apply them directly to your business. Financial mastery is within your reach. “Straight Forward Finance” isn’t just a course—it’s a stepping stone to becoming a more confident and informed business owner. With the knowledge and skills gained from this course, you’ll be equipped to make smarter financial decisions that can dramatically enhance the efficiency and profitability of your operations. Remember, in the world of business, informed decisions are the best decisions.
Instructor Profile: Alice Dewar-Mills
Alice Dewar-Mills, the driving force behind the “Straight Forward Finance” course, brings over two decades of commercial management and negotiation expertise to her role as an instructor. As the Founding Partner at Looking Glass Solutions, Alice has a rich history of helping SMEs streamline their commercial strategies and enhance their financial understanding. Her extensive experience spans across high-level roles where she was responsible for negotiating critical contracts, managing complex commercial relationships, and leading teams to achieve financial efficiency and profitability.Alice’s teaching philosophy is rooted in the belief that financial education should be accessible, understandable, and practical. She is passionate about demystifying the financial aspects that often intimidate solopreneurs. Her approach is hands-on and interactive, focusing on real-life applications rather than just theoretical concepts. Alice ensures that each session is tailored to address the individual challenges faced by participants, making the learning process as relevant and impactful as possible.
Join us this September for a transformative financial journey. Spaces are limited, so sign up for our monthly newsletter to ensure you don’t miss the registration dates or news on our January intake if September’s not for you! Whether you’re looking to refine your financial skills or start on solid footing, Looking Glass Solutions is here to guide you every step of the way.