Managing Your Business from the Numbers
Imagine you have the keys to grow your profits beyond expectations, and beat the IRS tax machine at their own game. A good management information system or accounting system is critical to the management process. This program is intended to help business owners and managers understand and analyze their financial reports so they can make intelligent management decisions to enable their companies to be profitable and successful long-term. Once our processes have been applied, bottom line profit typically increases from 2-4 percent and overall revenues zoom up to 25%.
Highlights include:
- Four business structures with tax implications and which one is right for you
- Examining the Financials Course 101
- Debt! The positive side and the ugly side
- Understanding the implications of coming out even at year's end
- Analyzing the cash flow statement
- Ratios! This is the "ball game." Liquidity, Leverage, Profitability
- How going into debt can be a good thing or it could put you out of business
- The "heart & soul" of collections and the positive and negative impact it makes
- Managing your inventory with a delicate balance of need and waste
- How to manage growth by forecasting external funds needed to grow
- Financing growth internally and externally
- Balancing the owner's and the company's needs for the future
- 8 methods used to fund the retiring owner's cash needs
- We tie everything together with a "case study"
- Individually we examine each person's financials on-site and answer questions
- We teach a "system" to be used weekly to assure profitable growth
Duration:
We have two versions of this program. One lasts for one-half day and the other all day.
The "Fit":
It is obvious many business owners pay little attention, if any, to their financial statements. They visit their accountant once per year to file a tax return and gripe because their tax bill is so high. Typically, business owners do not use the services of their CPA to their best advantage. This program will fill the gap of knowledge for the business owner and teach him/her the value of using a good CPA year round. By managing a business by the numbers along with all the other pressures of competition etc., participants are likely to increase profits by as much as 4 percent.