FINANCIAL MANAGEMENT
Best practices for financial management and starting with margin, including how to calculate and optimize your margins, how to manage your cash flow, and how to make strategic financial decisions that align with your goals.
Revenue is vanity (but useful), profit is sanity (and a great lagging metric), but cash is reality (and you KNOW when you don't have it)
Pre-work required: Come prepared with annual financials, with focus on monthly, annual and year-on-year revenue, cost of sales, gross profit, overheads and net profit, as well as net cash position
Learning segment: To understand how to interpret the financial numbers for better decision making, and how small changes can have big outcomes
Kitchen Cabinet: Workshop and report back on proposed 1% changes
Outcomes: Understand core numbers better and ring small incremental changes that will have a measurable impact on the bottom line
