Financial and Legal Literacy for Entrepreneurs from Business 'Start-Up' to 'Exit'
Master your business’s financial and legal landscape, from initial setup to exit strategy, with our comprehensive entrepreneur-focused literacy course.
What You'll Learn
- Fundamental financial principles to manage and monitor your business's health.
- Critical legal frameworks necessary for establishing and protecting your business.
- Diverse financing options and how to access them for your business needs.
- Accounting and bookkeeping essentials to keep your finances in check.
- Risk identification and mitigation to protect against potential business threats.
- Growth strategies, including marketing, investment, and operational scaling.
- Exit planning for selling, merging, or passing on your business successfully.
- Continuous learning and development resources to keep your entrepreneurial skills sharp.
Course Content
- Importance of financial literacy in business.
- Overview of the entrepreneurial journey: From ideation to exit.
- Types of business entities: Sole proprietorship, LLC, S-corp, C-corp, and Partnerships.
- Initial legal considerations: Contracts, licensing, permits, and intellectual property.
- Basic bookkeeping and accounting concepts: Cash vs. accrual, income statement, balance sheet.
- Getting started – Website, marketing/sales, bank accounts, software, hanging your shingle.
- How you pay yourself
- Self-funding vs. external funding.
- Self-Funding – lines of credit, secured loans, personal loans, credit cards, friends and family, vendor credit lines.
- Establishing business credit – Compare and contrast business and individual credit.
- Types of external funding: Loans, angel investors, venture capital, and crowdfunding.
- Hard and soft money loans/underwriting
- Traditional banks versus FinTech loans
Factoring
Understanding ownership structures when taking on investors.
Buyer Beware – LOANS TO AVOID!
Legal considerations: Equity vs. debt, term sheets, and shareholder agreements.
- Accounting best practices
- Reading a Profit and Loss and Balance Sheet
- Budgeting and forecasting.
- Cash flow management and financial ratios.
- Establishing and managing Key Performance Indicators (KPI)
- Payroll, benefits, and payroll taxes.
- Corporate or Flow Through Taxes
- Lease agreements
- Vendor accounts (W9)
- Hiring and Firing within the law (HR SECTION)
- Benefits as a separate section.
- Retirement account options
- Disability (long & short term)
- Flex spending accounts
- Health insurance
- Life insurance
- Business insurance types: General liability, workers; compensation, property insurance. (Key man insurance for Partnerships and C-Corps)
- Legal risks: Employment laws, customer disputes, (employee disputes) and compliance issues.
- Contingency planning.
- Financial considerations: Capital expenditures, reinvestment strategies, (tax
considerations/write offs to help fund expansion) and profit margins. - Legal considerations: Mergers, acquisitions, franchising, and international expansion.
- Marketing in the Digital Age (maybe marketing as a separate section. Cover guerilla marketing,
traditional marketing, website, emails, content versus copywriting. In house marketing versus
third party versus contract. Social media marketing, Google ads etc.) - Setting up a living marketing plan
- Types of exits: Selling the business, mergers, initial public offerings (IPOs). (Legacy – family inheriting running business)
- Preparing for an exit: Business valuation, due diligence, and financial clean-up.
- Legal considerations: Non-compete agreements, escrows, and earn-outs.
- Basics of business taxation: Deductions, credits, and deferrals.
- Structuring transactions for tax optimization.
- Importance of tax planning in various business stages.
- Intellectual property deep dive: Patents, copyrights, trademarks, and trade secrets.
- Employment law complexities: Employee vs. contractor, non-disclosure agreements, and non-
compete clauses. - International business considerations: Contracts, compliance, and cultural nuances.
When and why to hire professionals: Accountants, lawyers, and financial advisors.
Evaluating and selecting the right professionals.
Maximizing the value of your financial and legal team.
Analyzing real-world examples of businesses at various stages.
Discussing key financial and legal challenges and solutions.
The importance of staying updated with financial and legal changes.
Resources and tools for continued learning.
Building a network of financial and legal mentors and peers.
Stop Making your success optional
Re-engineering goals
Residual income as a base for success
This course includes:
7-Day No Questions Asked Full Refund Guarantee
Grow Your Business In No Time
Frequently Asked Questions
This course is designed for entrepreneurs at all stages, from those just starting out to seasoned business owners preparing for an exit strategy. It's particularly beneficial for anyone seeking to deepen their understanding of financial and legal aspects of running a business.
No specific prior knowledge is required. The course begins with foundational concepts, making it suitable for beginners, yet it also covers advanced topics that will be valuable to experienced entrepreneurs.
Upon enrollment, you'll have lifetime access to the course materials. This allows you to learn at your own pace and revisit the content as needed to reinforce your understanding.
Yes, the course includes practical exercises, case studies, and real-world applications to ensure you can apply what you've learned directly to your business scenario.
You'll have access to our support team for any course-related queries. Additionally, there are interactive forums where you can discuss course material and share experiences with fellow entrepreneurs.
Testimonials
Our Clients Reviews
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