Paying for business accounting training, or taking a free training session when the opportunity presents itself, is one of the best things you can do for your business. A top reason for business failure is poor financial planning. Too many small business owners don't know much about accounting, and that lack of understanding leads to failure. You can hire a small business accountant to take care of your finances, but you are ultimately responsible for your business, and you should learn as much as you can about accounting.
1. Business Accounting Training on CD
Taking a course online may be a hassle for you if you have slow Internet, or don't want to tie up your phone line if you're using dial up. Learn accounting basics and how to use accounting software on CDs. For example, you can buy the Accounting for the Non-accountant offered by the Accounting Software School at www.cdteaching.com. It includes real business examples, and it's flexible, so you can choose what topics you want to learn and when. You'll learn how to analyze financial reports and basic business forecasting. There are similar CDs on the market that you can have shipped to your home.
2. Small Business Training Network
The United States Small Business Administration (SBA) offers training courses covering various business topics at www.sba.gov/training/. It also offers business accounting training that you can take online. One training session you can sign up for is "Introduction to Accounting," which takes up to 30 minutes to complete. The course has audio explanations, so you can listen while multi-tasking if your time is limited. The nice thing about taking a course through the Small Business Training Network is that you can go at your own pace. When life gets busy, stop and resume at a later date.
3. Other Online Business Accounting Tutorials
There other websites, in addition to the SBA's, that offer free online business accounting tutorials. Another website that offers online tutorials is Bean Counter at www.dwmbeancounter.com/moodle/. The tutorials are free, and you don't even have to register to take it. There are several tools to download if you're interested, and business games to keep the subject interesting. They also have tutorials for children, which you have your children take if they help you in the business.
4. Trade Association Member Activities
If you belong to a trade association in your industry, check to see whether they offer business accounting training to members. They may offer it has part of a small business training series. Sign up for training online or locally if the cost is reasonable. If the organization has a chapter close to you, find out whether there's a resource library with specific materials related to your line of work. Ask about mentorship as well. Some members may be willing to mentor you and provide one-on-one training, and you should ask about the process of becoming a mentee.
These 4 resources should give you much of the business accounting training you need to handle your finances well.
Daphne Mallory, Esq. is the co-owner of Mallory Writing Services and has written more than 100 articles helping home based business owners and entrepreneurs start and market their business. You can learn more about her here.