Business Math For The Math-Averse
 

Go from No Confidence to Pure Competence
What you'll learn
Refresh your understanding of percentages, ratios, decimals, fractions and exponents
Develop and/or strengthen your Excel skills using formulas and templates
Learn time value of money concepts and calculations using real-world examples
Understand the difference between simple and compound interest and the associated calculations
Learn 3 ROI (Return on Investment) calculations and their importance
Become familiar with income statements, balance sheets and financial ratio analysis
Appreciate the importance of budgets, forecasts and perform variance analysis
Examine the math typically used in market research & risk management activities, including statistical analysis
Learn data analysis techniques & formulas, unleashing the power of Excel
Calculate internal rate of return (IRR) using Excel and understand its importance in the leasing industry
How to calculate simple and complex probability and place a monetary value on an uncertain outcome
Perform breakeven analysis for both units and dollars
Requirements
No math skills needed beyond addition, subtraction, multiplication, and division
Some basic Excel skills are helpful but not required
Description
Does the idea of learning business math make you break into a cold sweat? In about 3 hours we can overcome those fears and break down the complexity into easy to remember techniques that will have you interpreting the numbers and making fact-based decisions with confidence. Maybe you're an entrepreneur who wants to better understand how to analyze your financial data. Or perhaps you work for a company in a non-financial capacity and you want to make greater contributions by broadening your understanding of finance concepts. If so, this course is for you. Here is the approach we will take:Refresh our understanding of math basics, including percentages, fractions, decimals, ratios and exponentsWarm up our Excel skills with some statistical functions, formulas and budget templatesWalk through time value of money conceptsLearn the difference between simple and compound interest, along with Excel formulas to make it simpleUnderstand return-on-investment and analyze internal rate of return using ExcelAnalyze an income statement and become familiar with the key metricsMonitor costs and efficiency while identifying the breakeven point for your business using ExcelBecome conversant in statistical concepts such as mean, median, and standard deviation using ExcelAnalyze a balance sheet and calculate the key ratiosCalculate probability for simple and complex scenarios and put a monetary value on uncertain outcomesWe will learn everything described above using nothing more than the 4 basic math operations (addition, subtraction, multiplication, division). Some lectures are reinforced with Excel demos - strengthening your Excel skills as we progress.Change your mindset from "I am not a math person" to "I understand business math" and take charge of the numbers and your career!
Who this course is for
Entrepreneurs or small business owners who have been told "You need to understand your numbers better"
Individual contributors who want to have a broader impact in their career
Anyone considering a career in accounting or finance who wants an introduction to business math
Aspiring financial analysts
Newly promoted managers or team leads who have budget responsibilities
Marketing analysts & coordinators who want to understand basic statistics
Those who have had a troubled relationship with numbers but need to understand the concepts