Budgeting by RISE

Course duration: 1 day

Course Background

The workshop is designed for entrepreneurs and business owners who want to develop a strong understanding of budgeting and learn how to apply it to their business.

Budgeting helps business owner plan for the future, make informed financial decisions, and ensure that they are allocating resources effectively. However, creating and managing a budget can be a daunting task. That's where our workshop comes in. Led by experienced finance professionals, this workshop is designed to provide you with the knowledge and skills needed to create and manage a budget for your business.

Budgeting isn't as simple as creating a plan and sticking to it. It's also about monitoring your performance and adjusting your budget as circumstances change. Trainer will cover the basics of variance analysis and discuss how to adjust your budget based on the results.

Objectives

• Introduction to Business Budgeting

• Learn the importance of budgeting for businesses of all sizes

• Exploring the key principles of effective budgeting

• Learn how to create a budget - including identifying revenue sources, estimating expenses and allocating resources

• Learn how to practice variance analysis

• Ways to improve budgeting - Forecasting techniques

• 5 ways to effective budgeting

Learning Outcomes

By the end of this course, participants will be equipped with the essential HR knowledge and skills needed to:

• Understand the critical role of budgeting for businesses of all sizes, aligning with the introduction to business budgeting.

• Explore key principles of effective budgeting to establish a strong foundation for financial planning.

• Acquire practical skills in creating budgets, covering tasks such as identifying revenue sources, estimating expenses, and allocating resources.

• Learn and apply variance analysis techniques, aligning with the objective of understanding and practicing variance analysis.

• Explore and implement forecasting techniques as a means to enhance budgeting accuracy.

• Discover and apply the "5 ways to effective budgeting," aligning with the workshop's objective of exploring strategies for successful budget management.

Who should attend?

• Small Business Owners: Effective financial management for sustained growth.

• Finance and Accounting Professionals: Deeper understanding of budgeting principles.

• Startups and New Entrepreneurs: Establishing robust budgeting practices for success.

• Managers and Decision-Makers: Enhanced contribution to organizational financial health.

• Individuals Seeking Financial Literacy: Acquiring practical budgeting skills.

• Aspiring Financial Analysts: Developing foundational budgeting skills.

What to bring?

Laptops, notebooks and pens

Don't miss this amazing chance to learn from experts and network with fellow entrepreneurs. Reserve your spot now and get ready for an exciting journey to entrepreneurial success!