Being a business owner/principal is challenging in the best of times. When the economy is soft, it becomes even tougher; particularly if your business isn't in top shape. If you are currently evaluating your operational practices to prepare for a tough business cycle, ever wonder where your money is going, and/or trying to find ways to build revenues and cut costs, then THIS COMPREHENSIVE HALF-DAY SEMINAR WAS DESIGNED FOR YOU!
Xsellence Business Solutions offers you a one-of-a-kind seminar and workshop for entrepreneurs who know they’ll have to be at their best to succeed in these turbulent times. This seminar is for Non-Financial Managers and will greatly enhance your ability to read, analyze and use financial statements to manage, and stay on top of your game. Join us for this information-packed, no-punches-pulled, how-to program that will hand you effective and proven management tools that could PUT TENS OF THOUSANDS OF DOLLARS MORE IN THE BANK AND HELP YOU RIDE THE CREST OF THIS ECONOMIC CYCLE.
Here's an opportunity to gain realistic approaches and proven tools to help you and your managers to be more profitable. GAIN THE MANAGEMENT TOOLS AND FINANCIAL SKILLS YOU NEED TO SURVIVE.
You'll learn how to:
- Decipher what your financials statements are and what they are supposed to tell you.
- Understanding how to read them will save you time, frustration and embarrassment.
- Concept of “Pre-Planned Profits” and how you will be pleasantly surprised at what you could make.
- How to identify strengths, weaknesses, vulnerability, challenges and problems.
- Make S.M.A.R.T decisions that can make or break you.
- Beat the competition using proven break-even techniques.
- Prevent the costly mistakes that can turn your business from dream to nightmare.
and more...
Few decision-makers fully understand financial statements, but those who do hold the power. There’s still a lot of opportunity in today’s small and mid-sized business sector, but the current economic times make it essential for you to review every detail of your operation. Declining revenues, fixed cost factors, rising cost of doing business, insurance costs, and personnel cutbacks along with a myriad of other issues have combined to provide the perfect storm for most small business owners. The three keys to business success are: take charge, know where you are going and keep the score. The purpose of this seminar is to help you review, modify and learn what you can do to prosper no matter what’s going on with the economy. The billion dollar industries that each of you are involved in will not disappear overnight. And that means there are good opportunities for those who follow the rules of successful business entrepreneurship. This half-day intensive small/mid-sized business seminar will give you the tools and help you gain the knowledge you need to be a more successful entrepreneur.
Entrepreneurs an Overview:
- You’re not alone, It’s tough all over.
- Managerial accounting vs. financial acct. quickly scan financial reports and pick out the numbers that matter.
- Understand the difference between profit and cash.
- Take the guesswork out of your Decision Making and deliver the results you Want...it’s different than what you need.
- How to recognize warning signals early—before they become a crisis.
Financials for...Non–Financial Owners/ Stakeholders/ Mgr’s:
- Whether you’re a wizard of finance or a non-financial manager, performance is measured the same way — in dollars and cents! Learn to spot profit leaks immediately.
- Essential financial terms you must know.
- Guidelines to analyzing your financials.
- How’s & Why’s of trend analysis.
- Deciphering the key financial components.
Key Measurement Tools:
- 7 useful ratios and what they tell you.
- Recognize warning signs...before crisis.
- Avoid confusion ratios pertaining to liquidity analysis.
Balance Sheet - Determine Your Financial Health:
- Sorting through the Balance Sheet; Assets, Liabilities & Equity.
- Important things –all by itself– a Balance Sheet can tell you.
- Accounts Receivable & Accts. Payable can upset the balance of your operating and cash flow cycle.
- Inventory turns—when you know you are headed for trouble.
Income Statement - P/L:
- Using profit planning tools “Engineered and Pre-Planned profits” built into the budgetary process.
- Improve profitability and market penetration through the use of Break-Even Analysis.
- Variance Analysis and exception based accounting a different way of looking at results.
- Profit leaks - Monies that should be yours.
- Optimal Operating Profit and how to forecast.
Rolling Cash Management:
- Why you should use a 6 week rolling cash flow management system.
- No decisions without cash flows forecast.
- Much, Much More
12:00 pm Training Seminar Ends
Your Seminar Lead:
John Lenzing
Has over 25 years of experience in the small and mid-sized business sector, as a principal/owner, C-Level Executive, Consultant, Business Analyst and Project Manager to thousands of businesses throughout the United States and Canada. John will lead this intensive half-day, “All the tools you need to know” seminar.
Every year it is estimated that some 10% of businesses turnover and shut their doors. You don’t want to be one of them and that’s why this seminar can help you better understand and review the dynamics of business failures. Understanding failures can be a key to making you a successful business because you can learn from the mistakes of others. Knowing the failure points and reasons why corporations go out of business helps you understand what not to do. This down-to-earth, “hands-on” seminar explores how to avoid the business killers. These and many other factors are thoroughly discussed and analyzed during this program. There is even an in-depth questionnaire in the seminar workbook that helps you predict your “failure rate potential.”
In addition to the program, the seminar also includes materials that will help you plan and develop your own financial analysis.
- Coffee & Water
- A complete, in-depth course workbook of all presented seminar materials including spreadsheets, reference articles, resource guides and flow charts including a proprietary “Mind Mapping Tool” to simplify and assist in finding barriers, wasted time and wasted money.
- A FREE scheduled follow-up call from a hybrid consultant/coach of Xsellence, LLC. on a topic of your choice...to help you reach your goals.
- A coupon for $150.00 towards a 360° degree on-site business analysis.