Finances for Freelancers and Small Businesses
| Program start date | Application deadline |
| 2024-07-15 | - |
| 2024-10-14 | - |
Program Overview
This 5-week course empowers freelancers and business owners in managing finances, including record keeping, forecasting, banking, taxation, and business structure optimization. Delivered in-person, the course aims to enhance financial proficiency, simplify business operations, and foster proactive planning for financial success.
Program Outline
Degree Overview:
This course is designed to equip freelancers and small business owners with essential financial management skills. It aims to help participants:
- Understand and manage their business finances
- Set up systems and procedures that simplify operations and meet legal requirements
- Think proactively and plan for financial success The course is designed to be easy to understand, avoiding jargon and building confidence in managing business finances.
Outline:
Course Content:
- Record Keeping and Cash Flow Forecasting:
- Introduction to each other's businesses
- Personal survival budget creation
- Best practices in record keeping
- Point of sale and invoicing
- Debt management
- Simple business budget creation
- Cash flow forecasting
- Bank Accounts, Tax, and Income:
- Spending money do's and don'ts
- Understanding business bank accounts
- Tax obligations and payments
- Income model tailored to the business
- Understanding Sole Trader, Ltd Company, and Social Enterprise:
- Comparison of control, risk, reputation, and image
- Funding and loan application considerations
- Identifying sources of income and paying customers
- Tax implications and optimal business structure
- Taking money out of the business
- Growth of Your Business:
- Actions needed before business growth
- Impacts of business growth
- Introduction to VAT
- Making Tax Digital
Course Structure:
- In-person delivery at the Summit Centre in Kirkby-in-Ashfield
- 5 weeks, Mondays 6-8pm
- Two course dates:
- 15 July - 12 August 2024
- 14 October - 11 November 2024
Teaching:
- Teaching Method: In-person instruction
- Faculty: Emma Torrance, a SFEDI qualified independent business advisor with experience in retail, hospitality, and business mentoring.
Other:
- The course is delivered through the Enterprising Ashfield project, funded by the Government's Towns Fund.
- Free (fully funded) places are available for individuals and businesses based in Kirkby-in-Ashfield and Sutton-in-Ashfield.
- Emma Torrance also provides one-to-one coaching, mentoring, workshops, and small business retreats.
- The course is suitable for new start and early-stage businesses across various sectors.
Nottingham Trent University
Overview:
Nottingham Trent University (NTU) is a public university located in Nottingham, England. It is known for its strong focus on employability, student experience, and research. NTU has been recognized as "University of the Year" five times and is ranked first in the UK for employability by Uni Compare.
Services Offered:
NTU offers a wide range of services to its students, including:
Employability and Careers:
NTU has a strong focus on employability, with a Graduate Promise program and worldwide work placements.Accommodation:
NTU provides a variety of accommodation options for students, including on-campus and off-campus housing.Library:
NTU has a modern and well-equipped library with extensive resources for students.StudentHub:
A platform for students to access information and services, including academic support, wellbeing resources, and student events.NOW:
A platform for students to access online learning resources and support.Student Life and Campus Experience:
NTU offers a vibrant and diverse campus experience with a range of opportunities for students to get involved in extracurricular activities, including:
Sports:
NTU has a strong sports program and is ranked in the top ten universities for sport in the UK.Arts and Culture:
NTU has a thriving arts and culture scene, with a dedicated arts center and numerous events throughout the year.Student Societies:
NTU has a wide range of student societies and clubs, catering to various interests.Campus Events:
NTU hosts a variety of events throughout the year, including open days, lectures, and performances.Key Reasons to Study There:
Excellent Employability:
NTU is ranked first in the UK for employability, with a strong focus on preparing students for the workforce.Outstanding Student Experience:
NTU provides a vibrant and supportive campus environment with a wide range of opportunities for students to get involved.High-Quality Research:
NTU is a research-intensive university with a strong focus on innovation and impact.Award-Winning University:
NTU has been recognized with numerous awards, including "University of the Year" five times.Academic Programs:
NTU offers a wide range of undergraduate and postgraduate programs across various disciplines, including:
Business and Management:
NTU is known for its strong business school, offering programs in areas such as accounting, finance, and marketing.Art and Design:
NTU has a renowned art and design school, offering programs in areas such as fashion, graphic design, and photography.Science and Technology:
NTU offers programs in areas such as computer science, engineering, and life sciences.Law:
NTU has a strong law school, offering programs in areas such as criminal law, commercial law, and human rights law.Other:
NTU is committed to sustainability and has been recognized as the second most sustainable university in the world by the UI GreenMetric World University Rankings. NTU also has a strong focus on inclusivity and diversity, with a commitment to creating a welcoming and supportive environment for all students.
Entry Requirements:
- No previous experience is necessary.
- You must be over the age of 18 in order to attend this course.
- To be eligible for a place, you must live or work in the towns of Kirkby-in-Ashfield or Sutton-in-Ashfield.
