GTCC SBC Online

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Buying A Business is a comprehensive course on how to buy the right business at the right price. Developed by entrepreneurs who buy businesses for a living, this course offers advice and wisdom in such areas as: the key questions to ask of any seller, the due diligence process, valuing a business and determining the offer, negotiation steps and tactics, and sample legal agreements. Topics covered by this course include: The pros and cons Finding businesses for sale The key questions to ask Valuing the business Negotiating the offer Structuring the transaction Financing the purchase Performing due diligence Creating a business plan Post purchase priorities Course Objectives To help you understand the pros and cons of buying a business. To review the key questions you need to ask when buying any business. To demonstrate the best ways to negotiate the sale of a business to get the best price To checklist those items you need to collect when performing your research and due diligence. To present the factors involved in structuring the deal and obtaining financing. Course is approximately 3.5 hours to 4.5 hours in length and provides over 221 animated slides complete with voiceover narration.

Speaker: SmallBizU

Every new venture has to work the complex decision of what legal structure to choose for the business. This course breaks down this decision into its essential characteristics simplifying the decision -making process. An in-depth discussion is presented about the pros and cons of such structures as the sole proprietorship, partnership, "c" or "s" corporation, and the limited liability company (LLC). As part of this course, a legal structure wizard ranks the best structure to choose for your business based on a series of questions that account for risk, complexity, types of ownership, and so forth. Once you have selected the best structure, the course then presents each of the forms that are necessary to file and set up your business from a legal requirements perspective. A final section of the course deals with employees and the legal implications surrounding this important responsibility. Each of the forms needed to successfully hire and manage employees is presented. Topics covered by this course include: What is a legal structure? The different types of legal structures The sole proprietorship The general partnership The "c" corporation The "s" corporation The limited liability company (LLC) Selecting your legal structure The forms that you will need Employee issues and requirements Course Objectives To help you understand the different legal structures that are available when starting a business. To help you understand the advantages and disadvantages between the different legal structures. To help you choose what legal structure is most appropriate for your business. To provide you with the forms that you need for the formation of your selected structure. To inform you about employee issues and provide you with the forms that every employer needs. Course is approximately 2 hours to 2.5 hours in length and provides over 129 animated slides complete with voiceover narration.

Speaker: SmallBizU

Take command of a bookstore and coffee bar and see how money moves in and out of a business learning the fundamentals of accounting at the same time. This course provides an in-depth look at each of the primary accounting transactions used in a business demonstrating how "the language of business" works. Without using any accounting jargon to begin with, the course demonstrates how to keep score in a business through a simple scorecard approach. When you are finished, you are shown that each of your scorecards represents one of the three primary financial statements used in managing a business. Topics covered by this course include: The language of business Keeping score in a business Money coming in Money going out Money owed to you Money you owe Handling cash and large costs The balance sheet The income statement The cash flow statement Course Objectives To discuss the three fundamental "scorecards" for keeping track of money in a business and to show you how each operates. To present the basic transactions that any business encounters including: money coming in, money going out, money owed to you, and money you owe. To present ways to manage cash and its flow through your business, as well as, dealing with large costs. To show you how to create and understand the balance sheet, income statement, and cash flow statements. Course is approximately 3.0 hours to 3.5 hours in length and provides over 149 animated slides complete with voiceover narration.

Speaker: SmallBizU

Creating A Loan Package details the exact set of steps necessary in preparing a comprehensive loan package request. Each of the forms and requirements are explained and included. From initial readiness tests to help with advanced topics such as U.S. Small Business Administration loans, this course lays it on the line concerning what a lender is really looking for and how they evaluate loan requests. Simply understanding the way a lender thinks can more than double your effectiveness in raising money for your business. Topics covered by this course include: What is a loan package? Are you ready for a loan? How much should you ask for? Offering collateral and security Obtaining your credit report The personal financial statement Creating a business plan The financial projections SBA guarantees and applications Bringing the loan request together Course Objectives To help you understand the role a loan package plays in the lending process. To help up you self-assess your readiness to obtain a commercial loan. To teach you how much you should ask for when preparing your loan request. To help you understand what personal and business documents need to go into a loan package and how to properly complete them. To demonstrate how lenders evaluate loan packages so your request will best meet the criteria.

Speaker: SmallBizU

Financial projections are a collection of statements that present a numerical model of your business. Any good business plan must pass two separate tests: the story test and the number test. The story test asks, "Does the story make sense?" The number test asks, "Does the story add up?" A well-prepared set of financial projections helps to address that indeed the story does add up, but it also does much more than that. The projections reveal the entrepreneur’s basic assumptions which are usually synthesized together in their mind only. It doesn't matter whether you're applying for your first bank loan or your fifth, or whether you're seeking venture capital or debt financing. Sooner or later, you'll have to prepare a set of financial projections. Lenders will look for a strong likelihood of repayment using your projections. Investors will calculate what they think is the value of your company based upon these numbers. Constructing a set of projections allows you to play with your business model in a safe environment. Playing on paper is a valuable form of prototyping that can raise many questions before you make a decision. Under most conditions, fast learners are going to outperform even the most brilliant planners. The key is not to think of your numbers as a "plan" set in stone, but as a learning environment where you can test out different scenarios and decisions. Topics covered by this course include: What are financial projections? Your assumptions Budgeting your fixed expenses Determining your variable costs Calculating your breakeven point Creating a sales forecast The income statement The cash flow statement The balance sheet The dos and the don'ts Course Objectives To understand what financial projections are and to describe what comprises a good set of projections. To discuss the need for assumptions and the different kinds of assumptions you need to address. To create a projected fixed and variable expense budget. To learn how to create a projected income statement, cash flow statement, balance sheet, and break-even point analysis. To learn what the dos and don’ts are for creating such financial projections. Course is approximately 3.0 hours to 3.5 hours in length and provides over 149 animated slides complete with voiceover narration.

Speaker: SmallBizU

Finding and Attracting an Investor examines the peculiar nature of investment capital. The course presents practical tactics on how to identify and secure different types of capital including seed capital, angel capital, and venture capital. The process used by different kinds of investors is presented and the tools for completing the fund-raising process are presented. Special focus is given to the federal and state laws that govern the capital and securities process. Topics covered by this course include: What is an investor? The investment process Obtaining seed capital Obtaining angel capital Obtaining venture capital Creating a business plan Legal considerations and concerns Criteria for a new company Investor presentations and pitches Where to find investors Course Objectives To define what an investor is and how they operate. To examine the different kinds of investors and what they look for in a deal. To provide a detailed look at what the investment process usually entails. To coach you on presenting your company to prospective investors. To help in the process of finding and locating investors. Course is approximately 2.0 hours to 2.5 hours in length and provides over 138 animated slides complete with voiceover narration.

Speaker: SmallBizU

A comprehensive ten-part course on the tactics of how money is really raised for small business formation. The course examines the sources of available capital and an overview concerning the difference between debt and equity. The course walks you through the maze of financial terms and tactics necessary to successfully identify and secure money for a new business venture. Topics covered by this course include: *Where does start-up money come from? *How much money do you need? *The different types of money *How to get money from a lender *How to get money from an investor *The available sources of capital *A little help from the government *Financing different kinds of things *A few financing scenarios *Overcoming your weaknesses Course is approximately 2.5 hours to 3 hours in length and provides over 195 animated slides complete with voiceover narration.

Speaker: SmallBizU