Do you know your business' numbers? Can you interpret what your organisation's numbers are telling you?
If a key revenue or expenditure item was to change disproportionately from one period to the next, how long would it take for you to notice? Could you improve your profitability, simply by knowing this information sooner?
Do you know the Gross Profit margin on each of your product range?
Can you readily track the percentage of your wages against your turnover? How does this compare with last month / quarter / year?
What is a Balance Sheet? Why is it important to understand this document?
What is a Profit & Loss Statement? Why is it important to understand this document?
What is the value of my Chart of Accounts? How can I customise this information, in order to get more meaningful reports on my business activities?
How can I better monitor my Cashflow to ensure I can ride the peaks and troughs of business throughout the year?
Have you ever discovered that suddenly your running a business, but you have don't have the financial data available to make informed decisions about what to do next?
In this Half Day Workshop, we will work through the creation of a 12 month, Budget and Cashflow projection. While doing this, we will work through the above mentioned financial literacy terms and concepts.