Description

Attention building trades, plumbers, electricians, painters, landscapers, gas fitters and many others! Want to get your contractor's licence? Enrol in this workshop plus ‘Establish Legal and Risk Management Requirements of Small Business' and gain the business, financial and legal components required by the Office of Consumer and Business Services for your Contractor's Licence.

*Both 'Plan Small Business Finances' and 'Establish Legal and Risk Management Requirements of Small Business' must be completed for a Contractor's Licence.

Skills Covered

Contractor's Licensing Unit - Plan Small Business Finances
This unit covers three main aspects of financial planning – planning for profit, planning the financial structure of your business and planning for cash flow. You will gain the skills necessary to project profits and to develop a financial plan for your own business or intended business. Specific topics include understanding costs and how to ensure full recovery of costs in your pricing strategy, costing for different industries, breakeven analysis and profit projection. Other aspects covered include an understanding of equity and loan capital, assets, working capital and the cash flow cycle.