Mon 13 / 07 / 15
Number crunch your way to success
Workshop, Brighton Summit, Friday 16 October
When thinking about growing their business, most people immediately concentrate on selling more. At this workshop you will find out how by spending time looking at your financial data you can make your business more profitable.
The workshop will cover things like …….
- How to calculate margins? Which products should you promote as they have the highest margins?
- What is your breakeven point (how many sales do you need to make before you start making a profit)?
- How much profit do you make per hour worked? Have you factored in time off for holidays?
- Can you free up cash to expand by looking at how many a days on average you take to pay suppliers or your customers take to pay you?
- How to carry out cost centre analysis to work out how each area of your business is performing?
- Which customers make you the most profit? Also which clients aren’t making you any money and you could possibly get rid of (The 80:20 rule)!
Led by Carol Lewis, founding director of Bainbridge Lewis Accountants. The accountancy firm specialises in providing clients with the financial knowledge they need to make their businesses successful. They are experts in the Xero cloud accounting software providing support and training. As a business owner herself Carol knows what it is like to run a business and what a difference having a handle on the numbers can make when making important decisions.
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