Host: D2N2 Growth Hub
Location: East Midlands Chamber, 8 Experian Way, Nottingham NG2 1EP
|Wednesday, 10th November 2021 at 9:30am - 4:30pm|
This is where having a sound financial strategy for your business can help you succeed. It helps articulate what financial success looks like and what you are going to do to get there. Just as importantly, your business has to work for you as the business owner, earning you a fair reward and meeting your own financial objectives.
In Part 2, we will work on building a financial plan for your business from the bottom up, taking into account how your business is performing now and how you plan to achieve your financial goals. You will be clear on the target financial metrics and outcomes for your business. You will also do some planning around how this performance will be achieved.
Business owners who want to build a financial strategy for their business and to link this with their personal financial goals. This is a highly interactive workshop, not a webinar, so participants should be prepared to engage in discussion. To get the best outcome, participants should bring a recent profit and loss statement from their business (annual accounts are ok). We are conscious finances can be a sensitive subject, so participants will not be required to reveal their ‘numbers’ to the group. This workshop is all about building your financial strategy, so be prepared to work hard!
Please note that this workshop is open to trading SMEs based in Derby, Derbyshire, Nottingham and Nottinghamshire. Businesses located outside of this area will be unable to attend and instead directed to alternative support.
A structured approach to define your personal financial goals (it will help if you have details about your current income and spending levels to hand for this)
Quick overview of how a Profit and Loss model works
Analysis of your current business performance (bring your recent Profit and Loss statement)
Good practice rules of taking cash out of your business
Building a financial strategy from the bottom up
Refining and staging the strategy
Detailed planning for any changes in turnover, gross margin and overhead
Action plan for how you will take your strategy forward
Q & A
After attending this workshop, you will:
Clearly defined personal financial goals
Appreciation of your current business performance metrics
A solid understanding of how to build a financial strategy
You will have designed an outline financial strategy for your business*
Identifying target financial metrics for your business
You will have done some planning on how you are going to achieve your financial goals and what resources this will require from you
This is an interactive, action planning workshop which will be delivered in-person. We have put new safety protocols in place to ensure we deliver our in-person events in a safe environment for you to learn and network. Before attending, please read the protocols we have in place here. You will leave this session with handouts and a practical action plan which can be implemented within your business.
Please note that lunch is not provided. You are welcome to bring your own lunch with you to consume on-site or we would be happy to direct you to locations nearby where lunch can be purchased.
This business-essential session is presented by Alice Davidchack, an experienced Chartered Management Accountant and a Business Coach. She works with business owners throughout the UK, helping them to develop robust financial strategies and create business models that work.
Alice coaches on all aspects of business finance planning and accounting, including cash flow management, budgeting and forecasting.
ERDF - SME Enrolment Form
Having booked onto this event you will be required to complete an SME Enrolment form via our online portal if you have not already done so. We require this form to be completed as part of the eligibility requirements of our ERDF funding.
The form must be completed in full prior to your attendance at this event. The form only needs to be completed once, after this you will be able to access multiple Growth Hub events and adviser support. Further information will be provided directly after your registration is received.
This workshop is hosted by the D2N2 Growth Hub, East Midlands Chamber and part-funded by the European Regional Development Fund.Book Now
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