How to Plan a Financial Strategy For You and Your Business Event

As a business owner, you set out to do well financially. After all, no one reasonably sets out to fail! And yet, many businesses do fail, and mostly for financial reasons. One of the best ways to ensure success is to have a goal and plan to achieve this goal. This is where having a sound financial strategy for your business can help you succeed. It helps to 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.

What will be covered?

• A structured approach to define your personal financial goals
• Quick overview of how a Profit and Loss model works
• Analysis of your current business performance
• 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 the strategy forward
• Q&A

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 - 4:30pm - Finishing comments and close

This workshop is brought to you by the LLEP Growth Hub and Business Engine Room.