When you are a client with us, we provide comprehensive training as required, but we also provide 4 core modules to assist senior management and business owners to understand financials in plain english. There are 4 core areas that are common in business and have substantial ramifications within their business because there areas are often misunderstood. Once these areas are clarified, your executives will have more confidence to ask the hard questions at Management Meetings.
It is common on Boards of Directors to appoint a Treasurer / Accountant (for example) to be responsible for the financials. This is often because the other executives don’t want to get involved and often get bored with the conversation around financials. This is a big mistake. How often have you heard through the media that someone has taken off with the funds in a business? Or heard the term fraudulently misunappropriated funds? Do not let this happen in your business. As a Director, you need to get involved. One of your duties as a Director is that it is not good enough to say you did not know. Or, you were unaware. It is your job to be aware, so you need to know about what is going on with running of the business and you need to be confident the person in charge is doing the right thing.
Once you understand these 4 topics, you will have more confidence to ask questions and get involved. But the rest of your Senior Executives need to understand too… you can’t be there all the time. So get the others involved in the discussion too. It can be more interesting that you think. This is a short session during your Management Meetings, your Agenda will cover other issues as well, like Sales & Marketing, Special Projects, Monthly Financials. A one page report is all you need, but it is important you and your staff know how to interpret them and ask the right questions.
As we have all heard in the media over and over, the number one reason why businesses fail is due to Cashflow Planning. Our reports will forecast cashflow automatically over your 3 year forward forecast, so you know exactly when you will run out of money… and so will your Bank / Investors.
If this is a module of interest to you, contact us to enrol in an online program or watch our FREE weekly introductory webinar.
Monthly Training Modules