Financial and Economic literacy for Startups and SMEs

Brief introduction to training

Develop financial and Economic know-how.  Estimate the cost of turning an idea into a value-creating activity. Plan and put in place and evaluate financial decisions over time. Manage financing to make sure my value-creating activity can last over the long term.

What will you learn?

  • Read and explain the difference between a balance sheet and a profit-and-loss account
  • Use financial ratios to assess and compare the financial health of a value creating activity
  • Judge the cash-flow needs of a value creating activity.
  • Identify and choose public and private sources of funding for my value-creating activity
  • Demonstrate cost classification and identification.
  • Demonstrate Breakeven Analysis and Operating Leverage

Who is the course for?

Startups, SME Owners, potential entrepreneurs, social entrepreneurs, employees of existing SMEs and Social enterprises involved with an active role at the decision making.

  • Difference between a balance sheet and a profit-and-loss account
  • Financial ratios – assess and compare
  • Cash-flow statements
  • Sources of funding
  • Cost classification and identification

About the trainer

Andreas Stefanidis, former Lecturer of Financial, Managerial and Cost Accounting courses at the State University of New York at New Paltz (2004-2013), co-founder and president of the nonprofit organization Academy of Entrepreneurship, Accelerator Director of Aephoria.net and Honorary President of the Federation of Hellenic Associations of Young Entrepreneurs – OESYNE.

Financial and Economic literacy for Startups and SMEs