For this session it was focused on my presentation for my business plan in the morning. In the afternoon it focused on legal structures and cash flow.
The morning session for me was valuable as it allowed me to improve on my presentational skills and public speaking. I found this valuable as I usually struggle with speaking clearly and getting my point across. Overall I am happy I completed my presentation to my peers as I feel like I could do it again but in a more calm and clear way.
After completing my presentation we then moved on to legal structures of business. This allowed me to see what kind of business owner I would be if I took my idea forward. From this I would be a Limited company as a freelance worker or a sole trader depending on what I would sell. If I did my business as a free lance Illustrator I would be an Ltd company. This has become clearer to me on the legal structures of a business whereas before I did not know what category I would be under.
After touching on cash flow in the afternoon session I feel very clear on what I need to find out for my business such as prices for hosting websites and online stores. After creating a spread sheet with someone else’s cash flow on I feel that I could create one myself on Excel with the correct formulas. Overall I feel that cash flow isn’t as complicated as I thought it would be.