Financial Fitness for SMEs


Many business owners get into business without the advantage of formal financial management education, but with greater understanding of the numbers in their business, they’re empowered to make more informed decisions on a daily basis. Our Financial Fitness for SMEs course is a starting point to improving financial confidence.

You can follow our guided tour or select your own adventure. From cash flow to managing growth to extracting the value you’ve worked hard to create, select, not only from an array of topics, but different formats to suit the time you have available.

 

 

 

1.
HAVE A PLAN, NOT JUST A VISION

Benefits of business planning
4 minutes
Strategic planning
5 minutes
7Ps of business planning
2 minutes
Purpose
3 minutes
Product
2 minutes
People
2 minutes
Place
4 minutes
Price
4 minutes
Promotion
3 minutes
Performance
2 minutes
2.
MONITOR YOUR FINANCIAL POSITION

Balance Sheet
8 minutes
Income Statement
6 minutes
Cash Flow Statement
6 minutes
Financial Operating Cycle
4 minutes
Balance Sheet ratios
6 minutes
Income Statement ratios
5 minutes
Efficiency ratios
5 minutes
Scorecard
5 minutes
The importance of measuring your business’s financial performance.
5 minutes
3.
MANAGING CASH FLOW

What is cash flow?
3 minutes
How does cash flow through my business?
5 minutes
Free up cash held in stock
5 minutes
Free up cash held in work in progress
4 minutes
Free up cash held in debtors
4 minutes
The difference between cash and profits
3 minutes
Measuring cash flow performance
4 minutes
Cash flow forecasting
4 minutes
4.
MANAGING GROWTH

Business growth
3 minutes
Growth outcomes
5 minutes
Financial Gap calculation
6 minutes
Sources of capital
3 minutes
Growth scorecard
5 minutes
Creating efficiencies to grow
4 minutes
5.
BORROW PROPERLY

Selecting new assets
5 minutes
The real cost of a new asset
8 minutes
Building the costs into your pricing
3 minutes
Funding options for equipment
9 minutes