:: Instructor-led Classes

Credit Management: Strategies for Business Success

Course Details

Credit is another tool in the entrepreneur’s belt. Effectively managing your credit doesn’t have to be a chore and successfully managing it isn’t “paying the bills on time”. Your ability to secure financing for projects, expansion, and even advertising is often tied to your ability to utilize credit. In business a bad credit score, insufficient credit, too much credit and even the wrong types of credit can result in getting a “rejected” application. Avoid this problem – set your business up for optimal financing and credit terms.

If you have credit we will identify opportunities and strategies to ensure it provides you the biggest bang for the buck. If you’re starting fresh we will walk through your various options and techniques to secure and strengthen your position. Credit must be managed and the better you are at it, the more cost efficient and profitable your business will become. This course walks through the various credit/financing strategies that businesses can utilize. The course further identifies the pro’s and con’s to each method the entrepreneur can take. Creditors look at your business credit utilization techniques like a report card. What grade do you want to bring home?

Course Objectives

Upon completion of this course, the participant should be able to:

  1. Review and interpret the fundamentals of credit
  2. Understand what lenders / creditors look for
  3. Learn about resources available to manage business and personal credit
  4. Understand the various financial instruments and tools used to manage credit
  5. Interpret the overall effect of business usage of credit
  6. Understand how / where to most effectively use credit to manage business cash flow

Small Business Success Skills Certificate Program

This class is eligible for the Small Business Success Certificate Program. Participants who complete six classes will receive a framed gold seal Small Business Success Certificate jointly from both The University of Texas at Austin Professional Development Center and City of Austin Small Business Development Program.

Rationale

Understanding the role credit management plays in your business is another essential building block for your small business. This course will enable students to apply learned concepts to optimize their credit management.

Required Material

  • Pen
  • notebook

Prior to Class

N/A

Type of Course

Short Course — 3 hours

Summary and Guide to Resources for Continued Development

City of Austin Small Business Development Center

Instructor(s)

Coordinator(s)

Questions about this course?

    512-471-9971
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