This course is for Entrepreneurs, Start-ups and Small Businesses Owners. This is a practical, concise course on how to use Cash Flow Forecasting in your business.
In only 90 minutes I will simplify and demystify your business numbers so you can build your own specific Personal and Business Cash Flow plan. I provide my own simple, easy to use templates. This makes understanding and populating the numbers fun and effortless. Plenty of examples are used so you can see how the numbers relate to your business.
If you are looking for straightforward, plain speaking advice on what numbers and metrics to use, this is the course for you.
If you want to grow a profitable business, safe in the knowledge you won’t get caught short on your money situation take this course today.
1. How to set yourself effective budgets which will help you with managing your spending with little effort
2. The much misunderstood secret of effective cash flow management for small businesses owners. This will instantly give you insight into where your cash is getting trapped in your business and will help you to release cash back into your business so you can pay yourself more.
3. How to measure the few but critical numbers for your business. This will allow you to keep track and grow your business, without having to spend hours every month on financial management.
4. How to spend in the ‘right way’ so you don’t end up in a damaging spiral of debt.
5. What are the immediate actions you need to take, where your model is flagging that you may be about to run out of cash?
6. How to understand how to calculate my 2 most important sets of data which will help take your business to a £1m+ turnover company.
We hear this phrase alot, This lecture explains Why cash flow and cash reserves are so important for business survival and how this will effect your chances of success.
This lecture explains one of the most important concepts of cash flow management. This lecture will show you how your specific cash cycle works. This will enable you to indentify and plan for potential cashflow issues for your business.
I explain in simple illustrated terms how cash and profit are different, so you don't make the mistake of using the wrong figures for your decision making.
This lecture will explain why it is important to consider your personal and business finances together.
How much have you understood on the basics of Financial Management?
Helping you to assess your personal financial needs, so that you know what you require from your business in the short, medium and longer term.
Assess your personal spending to establish your debt structure and how this may have to be changed, to optimise your chances of success.
This lecture will show you how to assess your current business model. This will help you to check this is the right model for you.
Quiz to ensure you understand the teachings from the second section
Some basic tips and instructions on how to use the spreadsheet.This Spreadsheet is in the downloadable materials below.
Here I show you some methods you can use to create a realistic sales forecast for your business. I will cover how to pull the data togther and also how to split the data in it most useful form.
I talk you through this quick method to help you with populating your Cost of Sales in the spreadsheet model. I also cover how to recognise your costs of sales items and how to calculate your gross margin.
This lecture talks you through how to forecast and budget for your Startup costs and how this is entered into the model. You will get a good understanding of what are start up costs and what are running costs
An explanation of what are overheads and how to include these in the model.
A quiz to see if you have learnt the key points in Section 3
This lecture shows you where to look and how to see if and when you may run out of cash. By looking at the numbers you have now populated into your spreadsheet we will go through what items you should be looking at if it looks like you may run out of cash.
How to use the Business Model template in the spreadsheet, to tell if you are profitable . This lecture also covers how to calculate what is your breakeven sales figure and why this is important to track.
The Summary video provides the closing points for the course. You will now be able to make decisions based on your own financial management spreadsheet which forecasts forward based on what you know.
The Lesson Learnt document covers the key points covered in the course. It provides you with a useful text summary to print off and refer to.
The Jargon Buster covers some of the accounting and financial terms i have referred to in the course so you have a comprehensive explanation for these.
An audioversion is provided so you can listen or refresh your learning on the go.
I spent over 25 years working in industry with large corporations,Working for such large successful companies as Astrazeneca, Balfour Beatty and Unite Group I learnt and was trained in commercial finance aimed to support and grow the business internally.
I now work exclusively with small ambitious business owners, I run my own niche financial consultanty business called Better Numbers Ltd.
I specialise in cash flow management, financial measures and providing day to day and strategic advice on the financial impact of decision making in small businesses.
My lean 6 sigma green belt qualification and experience, coupled with being a qualified management accountant, has allowed me to gain valuable insight into the commercial and financial limitation a small business faces. I particularly love to see how quickly small but targeted improvements can really accelerate the growth of a business.
I work one to one with businesses turning over £1m+ but realised my knowledge and expertise could be effectively accessed through the use of online courses to help those smaller businesses
I am also a property developer and investor and blog frequently on my financial insights for a broad range of different industries. I pride myself as being an accountant with commercial and common sense!
I live and work in Bristol UK with my Partner, son and dog and I was born in Bath UK.