Understanding finance for business advantage

A SME Vantage series program

Description

 
 
 
 
  • Are you a profitable business but have no cash to buy raw material or pay salaries on time?
  • Do you know which of your products or services make the most profit? And which of them has the highest cost?
  • Is your business growth affected due to lack / shortage of funds?
  • Are you adequately informed of the financial performance of your business?
  • Are you aware of your business value? 
  • Are you tentative when you discuss your business’ financial performance?

An entrepreneur’s financial literacy has a direct influence on business performance and health, and consequently growth

 
 
 
 

Businesses start small, and are initially driven entirely by the passion and drive of the entrepreneur. The initial focus is on getting the product right and finding the customer, and all activities centre around this. The attention then moves on to production processes, infrastructure, people and so on. Very often, while these fall in place, operations are not trouble free. One of the key reasons for this is inadequate attention paid to financial aspects of the business.  When a problem surfaces, a quick solution is put in place, without understanding the full long term financial implications, thereby affecting the long-term health of the business.

The programme would help owners and CEOs of small and medium businesses to understand the fundamentals of business finance, thereby empowering them to take more informed and comprehensive business decisions. This would help them interconnect and leverage on strategic, human and competitive capabilities and catapult the business into a steady growth.

Key Learning

  • How knowledge of business finance can drive business performance
  • Understanding common mistakes made and its impact 
  • Use of financial information in evaluating the impact of operating decisions on the profitability
  • Understanding financial statements
  • Appropriate financial structuring of business
  • Understanding key costing concepts for decision making
  • Working capital management
  • Capital expenditure decisions
  • Concept of ‘cash is king’
  • Concepts of business valuation and its linkages with managerial decisions
  • Stakeholders & their expectations
  • Performing culture
  • Business planning
  • Governance, control and review
  • Role of systems

Suitable for

  • Owners and CEOs of SMEs & start-ups
  • Business heads
  • Functional heads

Program Duration

  • Two days

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