Workshop 2: Business Finance

Date/Time
Date(s) - 12/03/2019
9:30 am - 4:00 pm

Location
Hackney House

Categories


Workshop 2: Business Finance

This is designed to cover most aspects of your business finance. The objectives of the workshop are to help you:

A-     Develop a greater understanding about financial matters

B-      Build confidence in cashflow forecasting, making a profit and managing your money

Our aim through this workshop is to reinforce the handling of finance as one of the important tasks in running a successful business. We will learn or revisit the costs of starting and running the business, determine the current financial situation and how to finance your business

The workshop will cover:

– Understanding costs, projected profit and loss accounts and balance sheet

– Gross Profit Margin and breakeven analysis calculations

– How to interpret the changes in the gross profit margin % as a measure of business performance

– Profit and Loss and Cashflow Forecast – how to improve your profitability and cashflow

– Pricing models/strategies/budgeting

– HM Revenue & Customs

You will walk away with a better understanding of financial modelling and budgeting in relation to costs as well as key tips/tools, software and Apps that will make them more adept in running a successful business.

This is the second workshop in a programme of 2

Workshop 1: Developing a business value proposition and marketing

Workshop 2: Business Finance

At the end of the second day and after the two sessions, we will review the developed blocks of the BMC in conjunction with your financial plans

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