Business Financial Planning

The Business Life Cycle Part 2: The Start Up Prerequisites

Course Overview:
This course will introduce the user to the different steps in a business life cycle. This includes an overview of potential funding sources such as credit cards, bank loans, revolving lines of credit, Kickstarter, and community development funding, as well as the related advantages and disadvantages of each. Additionally, the importance of location is also discussed and focuses on considerations of both temporary and permanent establishments. Finally, a discussion of key advisors a business should have and specifically those which a business should have throughout the life of the business is also presented.

Learning Objectives:

After completing this course, participants should be able to:
  • Identify the various funding sources a business can use to establish initial capital.
  • Recognize the advantages and disadvantages of various kinds of funding sources.
  • Identify the key considerations when establishing the location of a business.
  • Identify key advisors a business should have for specific transactions and/or situations a business will face during its development.
  • Identify the key advisors a business should retain full time throughout a business's life cycle.

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
    products since 1981. SmartPros provides services and content to its
    professional and corporate clients, in a variety of media including Web, CD
    ROM, and video. In the accounting market, SmartPros also has a predominant
    news and information portal which receives 200,000+ visits per month and
    provides services to over 100,000 subscribers. SmartPros' customers include
    50% of the Fortune 500, as well as the major firms and associations in each
    of its professional markets.

    Prerequisites/Advanced Preparation:


    Speaker / Author:

    Richard L. Hecht, CPA, is the Managing Member of Audubon Consulting Group LLC. Mr. Hecht advises clients on a variety of strategic, financial, accounting and tax issues. He counsels business owners on critical decisions relating to growth opportunities, mergers and acquisitions, divestitures, corporate restructuring and ownership transitions.

    Previously, Mr. Hecht was a senior partner and member of the Operating Committee of Marks Paneth LLP, the 14th largest accounting firm in the New York metropolitan area. Marks Paneth LLP has grown from revenue of $25 million at its founding in 2000 to a $100 million firm. His practice focus was business and tax consulting with clients. He has also spoken before legal groups regarding law firm management and accounting issues.

    An active participant in numerous professional organizations, Mr. Hecht is a member of the American Institute of CPAs and the New York State Society of CPAs (NYSSCPA), where he was a Vice President.

    Mr. Hecht donates his time and expertise to nonprofit organizations. He is a Member of the Board of Directors of Community Capital New York, a CDFI, and the Budget, Management and Advisory Committee for the City of White Plains and is a past Director of Story Corps.

    Mr. Hecht holds a Bachelor of Arts in Political Science from Cornell University and a Master of Business Administration in Accounting from New York University.

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 9 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Sound card with speakers/headphones
    • Windows or Mac OS


    Price (USD)

    Standard Rate: $49.90


    Course Code : 99HEC02

    Release Date : 04/08/2015
    Expire Date : 05/16/2020
    Credits :
    CPE 2.00
    QAS 2.00

    Course Level : Basic
    Course Type : New Standards
    Length : 1hr 40min
    Passing Grade : 70%
    Field Of Study : Finance
    Theme : Business Financial Planning

    Format Type : eLearning
    Mobile Compatible

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