Business Financial Planning

The Business Life Cycle: 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.

  • 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.


    Price (USD)

    Standard: $49.90


    Course Code : 99HEC02

    Release Date : 04/08/2015
    Expire Date : 03/31/2023
    Credits :
    CPE 2.00
    QAS 2.00

    Length : 1hr 40min
    Course Level : Basic
    Course Type : New Standards
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Finance

    Theme : Business Financial Planning

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