Financial Management
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Transcript of Financial Management
![Page 1: Financial Management](https://reader035.fdocuments.net/reader035/viewer/2022062615/548bfdd7b479599f408b499e/html5/thumbnails/1.jpg)
BY COLIN RITCHIE
Financial Management
Helping Small Business Owners To Unlock the Profit They Deserve
Financial Management, Business Plans, Budgets, Key Performance Indicators
![Page 2: Financial Management](https://reader035.fdocuments.net/reader035/viewer/2022062615/548bfdd7b479599f408b499e/html5/thumbnails/2.jpg)
4 Key Monitoring Tools
1)Monthly figures
2)Budgets/Targets
3)Business Plans
4)Key Performance Indicators
Financial Management, Business Plans, Budgets, Key Performance Indicators
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1) Monthly Profit and Loss Statements
1)Monthly figures are critical
2)Analysis of the result is essential
Financial Management, Business Plans, Budgets, Key Performance Indicators
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Do you think these companies do monthly figures?
Financial Management, Business Plans, Budgets, Key Performance Indicators
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Who can afford to get it wrong?
OR
Financial Management, Business Plans, Budgets, Key Performance Indicators
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2) Budgets/Targets
Having a budget is critical
Comparing budget with actual results is essential
View David Levi’s comments in Cash Flow Improvement video
Financial Management, Business Plans, Budgets, Key Performance Indicators
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Budgets/Targets
If you think you can’t predict sales, so no point…..
Do you think BHP has a budget?
Financial Management, Business Plans, Budgets, Key Performance Indicators
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Who can afford not to budget?
OR
Financial Management, Business Plans, Budgets, Key Performance Indicators
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3) Business plans
What is your vision for your business?
Have you committed that to writing?
If not , why not?
Financial Management, Business Plans, Budgets, Key Performance Indicators
![Page 10: Financial Management](https://reader035.fdocuments.net/reader035/viewer/2022062615/548bfdd7b479599f408b499e/html5/thumbnails/10.jpg)
Road Map
Do you have a Road Map of Where Your Business is Going?
If not, We can help you with that
Financial Management, Business Plans, Budgets, Key Performance Indicators
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4) Key Performance Indicators (KPI’s)
What KPI’s do you focus on?
Examples:Chargeable HoursCustomer Traffic
Financial Management, Business Plans, Budgets, Key Performance Indicators
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Complimentary Meeting
Reserve your 30 minute complimentary meeting today!
Financial Management, Business Plans, Budgets, Key Performance Indicators