Financial literacy for entrepreneurship
A few hours
Beginner
Course details
This course, ‘Financial literacy for entrepreneurship’, strengthens your financial capability as an entrepreneur, helping you understand and manage the key financial requirements of launching and running a business. Through clear explanations and hands-on tools, you will learn how to budget effectively, forecast sales and cash flow, explore funding options, understand tax obligations and identify financial risks. Real-life examples, including Maria’s business story, support your learning and help you apply each concept to your own entrepreneurial journey.
Target audience
- Aspiring entrepreneurs preparing to start a business
- Early-stage founders who want stronger financial management skills
- Anyone unfamiliar with financial terms, budgeting or forecasting
- Learners seeking practical tools to plan, price and manage a start-up
- Individuals exploring European funding, grants or support programmes
Learning objectives
- Understand essential financial terms used in small business finance
- Create a personal budget and identify how personal finances influence business decisions
- Develop a business budget using sales, expenditure and cash-flow forecasting tools
- Identify suitable funding and support options for start-ups in Europe, including grants, loans, crowdfunding and business support initiatives
- Understand the purpose of tax and the obligations linked to different business structures
- Recognise common financial risks when starting a business and apply practical strategies to manage them
Offered by
This content is offered by the European Commission. The European Commission is the European Union's politically independent executive arm. It is alone responsible for drawing up proposals for new European legislation, and it implements the decisions of the European Parliament and the Council of the European Union.
Schedule
- General
- What are the everyday essentials for starting your business?
- Why are budgeting and forecasting essential for business success?
- Where can you find funding and support for your business start-up?
- What is the purpose of tax and what are your obligations?
- What are the financial risks of setting up a business and how can you manage them?
