Business Skills Training
Understanding And Improving Your Finances
‘I really don't understand my business finances, can you help?'
A familiar cry from many of our clients. They feel confident about their product or service, the business seems fine, but they feel out of touch with how the finances are doing and don't know how to manage them effectively.
This half-day workshop meets this need. It is designed to be equally valuable for all small businesses (sole traders, partnerships and limited companies) whatever your line of business (retail, service or product based).
This practical workshop will help you not only with understanding the key numbers in your business but also in improving profitability and business performance.
The workshop focuses on a few vital aspects of business finance including-
- What are the key numbers in your business?
- The importance of Profit & Loss, Cash Flow Forecasts and Balance Sheets.
- Structure and component parts of a Profit & Loss account.
- Gross profit margins and how to improve them
- Breakeven and how to calculate it.
- Improving net profit
- Forecasting and budgeting
- Key elements of a balance sheet
With limited time available we will not be able to cover detailed tax issues (for which specialist advice should always be sought), book keeping (for which we have a separate excellent workshop) or raising finance (if there is sufficient demand we will develop a further workshop looking at the particular financial issues associated with a fast growing business).
This workshop is available to you at just £50 plus VAT.
To reserve your place click here or call the GEBS team on 01242 864200
