Venue:
Online using Zoon Video Conferencing
This workshop is designed to support owner-managers of established small businesses who would like to increase their financial confidence and literacy in order to realise greater potential within their business. The aim is to support greater understanding of what the business numbers are telling us so that we can make well-informed strategic business decisions with confidence.
Financial Management:
- Are you getting the most from the numbers you produce?
- Building a financial dashboard specific to your business
- Financial and non-financial KPIs
- Budget v actual: what can you learn?
- Stepping back to review financial performance
- Using advisors/mentors to assess performance
Budgeting and forecasting:
- Financial forecast that matches your strategic goals
- Do you have the cash to implement the plan?
- What sources of finance are available?
- Banks
- Equity
- Revenue schemes
- Peer to peer lending
- Crowd funding
- Others
Costing key decisions:
- Building a financial model to help decision-making
- Calculating the true cost of each decision
- Activity-based costing
- Benchmarking
Return on investment (ROI)
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