Financial Management for Business Owners (FiMBO) Training
One of the primary reasons that businesses fail is due to a lack of financial and managerial knowledge. Our 12-week training programme is designed for ambitious business owners who want to maximise their business success to grow a successful, transferable/saleable business.
Is this for me? Discover why businesses fail and how to avoid repeating the mistakes made by others.
Find out how achieving systematic growth is a marathon of small incremental improvements that are easy to achieve and learn which Critical Business Growth Drivers to record and how to track them for effective management and short/long term success.
Each week we focus on one of the biggest financial challenges faced by business owners. Attend them all, or just pick the ones that suit your business, it’s a flexible course that works around you.
Discover how small incremental improvements in performance quickly compound to deliver outstanding improvements in profit and equity value.
Understand the business growth drivers that are critical for effective management, sustained and controllable business growth.
Identify the opportunities for quick win cash generation, improving return on investment and cost savings waiting to be exploited in your business.
Effective cash management strategies are critical for sustained profitable growth, far too many profitable businesses fail for all the wrong reasons.
Before ramping up sales, it is crucial to ensure margins are optimised because the fastest way to increase profit is to increase gross margins.
How engaged are your existing customers? Discover how to improve customer retention whilst increasing cross selling and referral rates.
What would a 40% increase in sales do for your business? 40% is the average potential increase in sales businesses achieve by satisfying all their customer’s needs.
Total Number of Transactions x Average Transaction Value = Total Sales. These two KPI’s are incredibly important because improvement can be incredibly easy and potentially delivered overnight.
Having maximised sales and profitability from existing customers, what is the gap that remains to be filled by lead generation x conversion and new customer acquisition?
Do you know how much you need to realise from the sale of your business for to live the life you want, without the fear of ever running out of money?
90% of businesses never get marketed for sale. Only 1 in 5 of those marketed actually sell and less than 5% achieve their asking price… Discover how you can exit on your terms and your time scale.
With all the planning done, a robust 5 Year 3 Way forecast and regular reporting ‘Performance vs Plan’ is the only way to guarantee your dreams become reality.
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