Small business fundamentals: Financial knowledge for business resilience

The Office for Small and Family Business SA and the Australian Hotels Association have partnered with Bentleys SA to provide complimentary specialist advice specific to the hospitality industry.

Hospitality can be fraught with uncertainty, as small businesses in particular contend with unpredictable revenue and increasing overheads. Wages, rent, and other operating costs can place significant pressure on business cash flow. Externally, changing trends, the economy and rising interest rates can place business owners under significant financial stress if you are not equipped with the financial knowledge and tools to adapt.

This session will arm your business with an understanding of important fundamentals, including:

• financial management (interpreting financial statements, what to look for, how to apply it)
• budgeting and planning
• cash flow management.