Keeping on top of the bottom line (Published on Tuesday 8 November 2005 )
Dak Patel, principal of the London School of Accountancy and Management (LondonSAM), stresses how important it is that budding entrepreneurs get a grip on the finances early so they can grow and control the business.
You may be a brilliant marketing man or a fantastic sales person but unless you understand the accounts and the cash flow your business will fail, he says. Patel has worked with several high street banks, including RBS, LloydsTSB and NatWest, to provide financial training for non-financial managers, and LondonSAM currently runs a crash course in accounting and book-keeping for new business people.
"The course is flexible," says Patel. "It could run in three-hour sessions over six weeks or, If you prefer, you could opt for more intensive training. We also offer bespoke courses, so if you and your start-up team all want to train up to a decent financial standard, we can help."
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