Manage By The Numbers for High Performance Entrepreneurs

Manage By The Numbers for High Performance Entrepreneurs

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Description

How Understanding The Story Your Financials Are Trying To Tell You Will Make You a Better Entrepreneur.
What you’ll learn
You’ll learn how you already have the innate skills to read and understand the meaning behind the numbers
The three key financial statements and why you need to review all three regularly to fully understand what is and isn’t working in your business
How to read your financials like a book that tells you a story of your business, enabling you to have more confidence about your business and your plans for the future
Why having your books set up only for tax purposes is keeping you from getting the insights about your business that you need to make informed decisions and how to talk to your accountant to get it done in the way that helps you best
How just one financial statement can tell you which product or service lines are the most profitable, how many sales you need to hit a profit target, what volume of sales you can afford to lose with a price increase, what volume of sales you need to gain to cover a discount, how productive your people are and whether your business is operating more or less effectively over time
How poor cash management can lead to bankruptcy even if you are highly profitable
How to discover where you cash goes and how to forecast your cash so you can avoid decisions that will leave you cash strapped
Requirements
This course assumes no prior knowledge
You should have access to Microsoft Excel for either Windows or Mac as the Awesome Financial Dashboard you get as part of this course is built in Excel. (You’ll have to enable Macros when you open it)
You should have a desire and willingness to play the game of entrepreneurship at an all-new level
And you should make a commitment to using your business as a force for good.
Description
This is one of a series of courses in the High Performance Entrepreneur series designed for business owners who are serious about growth, who are prepared to run their business like a business and who understand that better information will lead to better decisions.
By the end of this course, you will be able to combine your own intuition as an entrepreneur with objective information that your business provides to make better decisions and to take more confident action.
By the end of this course, you will be able to identify which product or service lines are the most profitable and you’ll know your break-even and profit break-even.
By the end of this course, you will know how to use a proprietary financial dashboard that gives you rapid and clear insights into the trends in your business, whether those trends are healthy or not and whether the business is in a healthy state at any point in time.
By the end of this course, you’ll know where your cash goes and you’ll be able to forecast your cash flows into the future, using a simple cash flow projection tool.
Because I’ve been working with entrepreneurs in one form or another since 1996, I understand how busy you are and how your time is often interrupted. So, I’ve kept each video short, focused, clear, direct and focused on what actually works.
Your business and your ability to lead it will begin to improve right away!
If you want greater confidence and control, more certainty about what you should be focusing on, higher levels of accountability and accelerated growth, register for this course now. Become a High Performance Entrepreneur!
Who this course is for:
I have worked with business owners from start up to $200 million in revenues. In that time, I’ve seen that there are entrepreneurs at all stages of development who struggle to understand their numbers. So the ideas and tools made available in this course are helpful and applicable for any of the following who either don’t understand their numbers, don’t use their numbers or gauge their success only by how much money they have in the bank. This can include:
Experienced business owners with 100+ employees and executive teams
Members of executive teams in entrepreneurial organizations
Owners of smaller/medium businesses with only one or two other senior people
Owners of small business who need guidance and help because they are making all their own decisions, often without a framework for doing so.

Financial Development Course

Financial development means some improvements in producing information about possible investments and allocating capital, monitoring firms and exerting corporate governance, trading, diversification, and management of risk, mobilization and pooling of savings, easing the exchange of goods and services.