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Know Your Numbers (Business Financials)

1 August 2024 11:00 am - 12:30 pm

Learn the critical skills to understand your business financials and key numbers

 

Are you a business owner (or senior manager) but have never been properly shown how to read your business financials or understand the numbers in your business?

Would you like to learn how to better manage your business and make better decisions based on the numbers?

 

In the Know Your Numbers workshop, you will:

  • Understand how to read your Profit & Loss Statement and how it should be laid out (which even some accountants don’t know).
  • Have the Balance Sheet explained in simple terms and why it’s important to the health of your business.
  • Learn all about KPI’s (Key Performance Indicators) and identify the key numbers for you to track to ramp up the performance of your business.
  • Get clear on your Break-Even Point and how to use this knowledge to set sales targets for you and your team.
  • Understand the levers of cashflow, how to maximise them and why some businesses run out of cash as they grow.
  • Learn the best (and simplest) tools to forecast your cashflow and make decisions ahead of time.
  • Complete a practical exercise (yes, you will need your calculator) to properly understand product/service margins and how this affects the profitability of your business.
  • Leave with the confidence and understanding to better manage your business and put in place steps to boost your profits and longer-term growth.
  • Learn the immediate next steps to continue to learn and stay focused as you implement these improvements in your business.

This is an interactive training workshop, and the session will not be recorded. So, bring along your calculator and leave the workshop with the financial skills needed to run a more successful business.