Determine resource requirements
Plan small business finances
Manage small business finances
Conduct cost-benefit analyses.
This skill set, Small Business Financial Management, is for small business practitioners who are managing finances for a small business. It may relate to people who are establishing or operating a micro business providing for self-employment.
Determine Resource Requirements
This unit describes the skills and knowledge required to select options for resource acquisition, develop procedures and systems for efficient installation, and use and maintain resources.
Plan Small Business Finances
This unit describes the skills and knowledge required to identify financial requirements of a business, including profit targets, cash flow projections and strategies to garner financial support.
Manage Small Business Finances
This unit describes the skills and knowledge required to implement and review financial management strategies on a regular basis, including by using new and emerging digital technologies.