Get yourself trained on Your Business by with this Online Training Your Business by the Numbers.
Online Training Your Business by the Numbers
Your Business by the Numbers will provide students with hands on experience in tracking sales, monitoring costs, and making a profit. First, you will play an online interactive game called The Lemonade Stand Game. Youll learn how to create an excel spreadsheet to track costs and revenues. You will learn basic business management calculations, and then apply them to a project to estimate a business budget for a company in the book publishing industry. Your Business by the Numbers will teach you how to set your price in such a way that you will know whether or not you will make money, and to test your price level by surveying your customers to be sure you are charging a reasonable price. Within this course, there are nine modules: Module 1 The first session, Introduction, is designed to explain who can benefit by taking this course. Module 2 Organizing Your Business Data focuses on the importance of organizing your cost and revenue data in order to track your business. Module 3 Will You Make A Profit asks you to analyze the Lemonade Stand Game to discover what variables most impact profitability. Module 4 Be Precise In Your Calculations asks you to make calculations to maximize profits. Module 5 In the fifth session, Budgeting to Break Even, we introduce the concept of a cost driver. This allows us to construct a cost function, and determine our break even analysis. Module 6 In the sixth session, Sales by the Numbers, we look at how the sales we make are connected to the profitability of the company. Module 7 In the seventh session, Budgeting by the Numbers, we will look at how inventory is tracked in the business to see how to reduce costs and increase profits. In this module, well apply what we have been learning in this course to run our business by the numbers. Module 8 In the eighth session, Setting Your Price, we will look at how to incorporate a survey of your customers with calculations of your costs in order to set a price that lets you make a profit. Well examine how people make decisions to see how they decide to buy things. Module 9 The ninth session, Next Steps, we summarize what has been learned in this course, and preview additional courses in the series available from Generation Self Employed.
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As a society, we spend hundreds of billions of dollars measuring the return on our financial assets. Yet, at the same time, we still haven’t found convincing ways of measuring the return on our investments in developing people.
And I get it: If my bank account pays me 1% a year, I can measure it to the penny. We’ve been collectively trained to expect neat and precise ROI calculations on everything, so when it’s applied to something as seemingly squishy as how effectively people are learning in the workplace, the natural inclination is to throw up our hands and say it can’t be done. But we need to figure this out. In a world where skills beat capital, the winners and losers of the next 30 years will be determined by their ability to attract and develop great talent.
Fortunately, corporate learning & development (L&D), like most business functions, is evolving quickly. We can embrace some level of ambiguity and have rigor when measuring the ROI of learning. It just might look a little different than an M.B.A. would expect to see in an Excel model.