Syllabus
Month 1: Self assessment process; sharing of results; tips & techniques to get quick wins; commitment to action plan
Month 2. Monthly Reporting; to get monthly reporting designed to really help with managing the business; how to make sure your book keeper gives you what you need; use of trends/ratios/comparisions; how to interpret the results
Self assessment link : accuracy & formats
Month 3. Decision making; the correct evaluation tools to make decisions e.g. Investment in new person/machinery etc ; a big change to the way business is done e.g. Outsourcing ; any other kind of strategic change
Self assessment link : analysis
Month 4. Planning; forward looking financial management; roadmap to strategic goals; KPI’s; forecasting; breakeven analysis; what if analysis
Self assessment link : planning
Month 5. Cash Management: techniques to maximise cash; types of finance facilities available and how to decide what’s best; how to manage your lenders
Self assessment link : Stability
Month 6. Sharing of improvements & action plans for next 6 mths; specialist speaker on subject chosen from list by group, e.g.
Tax management; combining what’s best for business with what’s best for owner manager personally
Acquisitions; how to value a business; negotiation tips & the due diligence process
More in depth how to raise funds for investment
How to prepare your business for a future trade sale
Month 7-12. Working confidentially in the group with individual members' financials