Host: D2N2 Growth Hub
Location: Online - Webinar
Date: Friday, 16th October 2020 at 10.00am - 12.00pm
This webinar is hosted by the D2N2 Growth Hub, East Midlands Chamber and part-funded by the European Regional Development Fund.
‘Turnover is vanity, profit is sanity and cash is reality’ is well known amongst business owners. While many agree that turnover (sales) figure should not be the main focus of financial control, there is often confusion between ‘profit’ and ‘cash’. In this webinar, we will explore what both terms mean and the key differences between them. We will then look closely at various ways a small business should manage its cash on a day-to-day basis. This webinar will equip you with a number of tools and habits on cash management, which you should be able to apply to your business in a very practical way.
The webinar will cover:
Main reasons why businesses fail
Difference between Profit & Loss and Cash and why both are important
How to maximise cash by managing your cash collection cycle
What is working capital and how to manage it
Practical ways to plan for tax and build buffer cash
Quick introduction to how to prepare a Cash Flow Forecast
Pointers for managing payments to yourself as the owner
Business owners and finance managers, who are responsible for day-to-day cash management and would like to improve the financial performance of their businesses. This webinar is aimed at SME businesses.
Please note that preference will be given to businesses based in Derby, Derbyshire, Nottingham and Nottinghamshire for this webinar.
10.00am - 10.45am - Webinar presentation
10.45am - 11.00am - Break
11.00am - 11.45am - Webinar presentation
11.45am - 12.00pm - Q&A
Alice Davidchack is a Chartered Management Accountant and a Business Coach. She runs her practice from North West Leicestershire, working with business owners throughout the UK.
This webinar will be delivered via Go To webinars. To register for a place complete the booking form.
Any questions please speak to your dedicated Events and Engagement Officer – Bryony Delahaye - 07741 904395
Your business is unique but the challenges you’ll face in business aren’t, we can help get you through them.
Our free and impartial support is delivered by experienced and expert business advisers, giving you the right advice at the right time for your business.
Contact us today to access a wealth of support, events, business growth programmes and expert advice.