Financial Mangement for Business Owners

Educating business owners on the 7 critical 7 KPI’s essential to business success

One of the reasons that businesses fail is due to a lack of financial and managerial knowledge. The ‘Financial Management for Business Owners’ (FiMBO) programme is built for ambitious business owners who want to maximise their business success to grow a successful, transferable/saleable business.

Use the full set of FiMBO resources to add value to your clients and to support your prospecting.

The 12 targeted sessions cover a range of key topics
Discover why businesses fail and how to avoid repeating the mistakes made by others. Find out how achieving systematic growth is a marathon of small incremental improvements that are easy to achieve and which Key Performance Indicators (KPI’s) to track and how to track them for effective management and short/long term success.

Each week you will focus on one of the biggest finance challenges faced by SMEs. Encourage clients (and prospects) to attend them all, or just pick the ones that suit their needs. It’s a flexible course that works around them.

How to grow your business

Discover how small incremental improvements in performance quickly compound to deliver outstanding improvements in profit and equity value.

The Impact of Compounding

Understand the business growth drivers that are critical for effective management, sustained and controllable business growth.

Quick Win Cash Strategies

Identify the opportunities for quick win cash generation and cost savings that are waiting to be exploited.

Improving Cash Flow

Effective cash management strategies are critical for sustained profitable growth, far too many profitable businesses fail for all the wrong reasons.

Margin / Cost Control

Before ramping up sales, it is crucial to ensure margins are optimised because the fastest way to increase profit is to optimise gross margins.

Customer Attrition

How engaged are your existing customers? Maximise engagement to improve customer retention and increase cross-selling and referral rates.

Gap Analysis / Cross Selling

Sales up by 40%? What would that do for your business? 40% is the AVERAGE potential increase in sales businesses achieve, by satisfying ALL of their customer’s needs.

Transaction / Transaction Value

Total Number of Transactions x Average Transaction Value = Total Sales. These two Business Growth Drivers are incredibly important because improvement can be incredibly easy and achieved overnight.

Customer Acquisition

Having maximised sales and profitability from existing customers, what is the gap that remains to be filled by increasing lead generation and conversion, and hence new customer acquisition?

Know Your Number

Some business owners keep working longer than they should, but still more struggle to create enough equity value in their business to live the life they crave – do you know ‘Your Number’?

Becoming Exit Ready

90% of businesses are not saleable. Of those for sale, more than 80% do not sell, and of those that do sell, less than 5% sell for around the owners’ asking price… Learn what it takes to create a saleable business and be exit ready at all times.

Performance vs Plan

With all the planning done, prepare your 5 Year 3 Way forecast and regularly report ‘Performance vs Plan’ to systematically grow your business.