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RCAP Open For Business / 1. Getting Started The hardest part of Entrepreneurship is managing the risks which come from uncertainty. Identifying the risks and then preparing yourself to manage your business to overcome or minimize the risks are the keys to success.
Community Unlimited's... | |||||
RCAP Open For Business / 1. Getting Started Ideation is the process of generating ideas on one or more subjects in a creative, open environment. This is a powerful method at any stage of the development process. In this course, we will discuss the ideation, startup, and launch business... | |||||
RCAP Open For Business / 2. Accounting and Financial Management Many small businesses operate on a cash basis (restaurants, lawn care, for example) and can more effectively manage their bookkeeping and accounting processes. In fact, 65% of business owners have closed their doors due to their chief mistake of... | |||||
RCAP Open For Business / 2. Accounting and Financial Management Small business owners do not have to be accountants to run a business but to effectively identify cost issues, manage working capital, and make sound and timely decisions, there are seven key financial ratios business owners need to understand. | |||||
RCAP Open For Business / 2. Accounting and Financial Management Many small businesses operate on a cash basis (restaurants, lawn care, for example) and can more effectively manage their accounting needs through a simple accounting app through Google Sheets as opposed to more robust accounting software... | |||||
RCAP Open For Business / 2. Accounting and Financial Management Break-even is the point at which total cost and total revenue are even. In this course, we will discuss the relationship between Costs, Sales volume, and Profit, determine the minimum volume of Sales needed to generate to succeed, and determine... | |||||
RCAP Open For Business / 2. Accounting and Financial Management According to data from the U.S. Bureau of Labor Statistics, about 20% of U.S. small businesses fail within the first year. By the end of their fifth year, roughly 50% have faltered. After 10 years, only around a third of businesses have survived.... | |||||
RCAP Open For Business / 2. Accounting and Financial Management Financial Statements are documented records that illustrate the business activities and the financial performance of the company. In this mini-course, we will take a look at the three primary financial statements used by small businesses, how... | |||||
RCAP Open For Business / 2. Accounting and Financial Management Small businesses can struggle with profitability for a number of reasons. Even if your business doesn’t make a lot of money early on, the goal should eventually be to sustain operations and earn a profit. In this course, we will learn how to... | |||||
RCAP Open For Business / 2. Accounting and Financial Management Pricing is the value that is assigned to a product or service. When determining price it is important to take into account the need to cover all of the operating expenses as well as the profit you would like to generate to sustain or grow your... |