Learning Objectives

1. Explain the concept of financial management and why it is important to a small business and its owner
2. Identify financial management practices, rules, and tools commonly available to small businesses
3. Explain how financial management practices, rules, and tools work
4. Explain financial management basics for a small business, including:

• Start-up financing
• Financing for a growing business
• Financing working capital
• Financing fixed assets