How to plan a financial strategy for you and your business: This interactive workshop will help you build a solid financial strategy for your business
As a business owner, you set out for your business to do well financially. After all, no one reasonably sets out to fail! And yet, many businesses do fail, and mostly for financially reasons. One of the best ways to ensure success is to have a goal and plan to achieve this goal. This is where have a sound financial strategy for your business can help you succeed. It helps articulate what financial success looks like and what you are going to do to get there. Just as importantly, your business has to work for you as the business owner, earning you a fair reward and meeting your own financial objectives.
Who Should Attend This Workshop?
Business owners who want to build a financial strategy for their business and to link this with their personal financial goals. This is a highly interactive workshop, not a webinar, so participants should be prepared to engage in discussion. To get the best outcome, participants should bring a recent profit and loss statement from their business (annual accounts are ok). We are conscious finances can be a sensitive subject, so participants will not be required to reveal their ‘numbers’ to the group.
This workshop is all about building your financial strategy, so be prepared to work hard!
What will we cover?
- A structured approach to define your personal financial goals (it will help if you have details about your current income and spending levels to hand for this)
- Quick overview of how a Profit and Loss model works
- Analysis of your current business performance (bring your recent Profit and Loss statement)
- Good practice rules of taking cash out of your business
- Building a financial strategy from the bottom up
- Refining and staging the strategy
- Detailed planning for any changes in turnover, gross margin and overhead
- Action plan for how you will take your strategy forward
- Q & A
What Outcomes can you expect from joining us?
- Clearly defined personal financial goals
- Appreciation of your current business performance metrics
- A solid understanding of how to build a financial strategy
- You will have designed an outline financial strategy for your business*
- Identifying target financial metrics for your business
- You will have done some planning on how you are going to achieve your financial goals and what resources this will require from you
*we will cover the target financial performance; however, we will not cover financing of growth as it is outside the scope of this workshop
Agenda:
9:30am – 10:00am – Registration and Networking
10:00am – 11:15am – Seminar
11:15am – 11:30am Break
11:30am – 12:30pm - Seminar
12:30pm – 1:15pm – Lunch
1:15pm – 2:30pm – Seminar
2:30pm – 2:45pm – Break
2:45pm – 4:15pm – Seminar
4:15pm – 4:30 Finishing comments and close
Please note that lunch is not provided. You are welcome to bring your lunch with you to consume on-site or we would be happy to direct you to locations nearby where lunch can be purchased.
About the Speaker:
Alice Davidchack is a Chartered Management Accountant and a Business Coach. She runs her practice from North West Leicestershire, working with business owners throughout the UK.
This presentation is delivered in partnership with Business Gateway Growth Hub and Business Engine Room and is part-funded by the European Regional Development Fund. Places are limited and priority will be given to trading SMEs based in Leicester and Leicestershire.
We have put new safety protocols in place to ensure we deliver our in-person events in a safe environment for you to learn and network. Before attending please read the protocols we have in place here.