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Managing Your Finances

Oct 17 - 6:00pm

Big Ideas Wales — Managing Your Finances

Big Ideas Wales helps young people in Wales who want a start a business and encourages entrepreneurial skills within all young people so that they can use those skills in whatever career they may choose. Big Ideas Wales is managed by the Youth Entrepreneurship Team within Welsh Government.

Our events are free and open to any young person aged 16-25. Please note that numbers are limited and we expect demand for places to be high so we advise you to book early to secure a space.

If you are between 16-25 and are interested in starting a business you can also sign-up for ‘Big Ideas Unleashed’ to receive a free start-up guide, access to Simply Do Ideas, plus you can be referred for further business support from one of our business advisors https://businesswales.gov.wales/bigideas/sign-below-big-ideas-wales

You can also sign up for the Big Ideas Wales Newsletter for start up stories, news and events here https://public.govdelivery.com/accounts/UKWALES/subscriber/new?topic_id=UKWALES_130


Workshop Objectives

  • Understand the basic financial statements for your business
  • Be able to put together a Profit and Loss account and read a balance sheet
  • Know how to complete a cash flow forecast and use it to keep track of your finances
  • Understand the different ways to forecast sale
  • Be able to prepare a set of figures for your business to manage your finances effectively.