Finance for Growth - Understanding the Power of Your Numbers

This event has become an online workshop via Zoom, due to the Coronavirus. Please note the times for the event ave changed and this session has been adapted to work with the online format via Zoom.

Is it sometimes difficult for you to make decisions in your business - Can you afford to recruit? Do you spend enough on marketing? What is the cost of sales and what is the profit per sale? Just a few of the many questions a business owner and leader needs to answer clearly and precisely to ensure the correct decisions are made.

Indecisiveness can be down to having a lack of information and understanding of numbers within your business. And how many businesses leave these really important number crunching and interpretation to others such as book-keepers, accountants or partners without really understanding the details personally?

During this two-hour workshop, we will help you dig into understanding the importance and power of knowing your numbers, and help you feel more empowered to make the right informed decisions in your business that will impact growth.

Philip Budd is a skilled and experienced Business Coach who spent many years as a Sales Director, working his way from the ground up to sit on the board of international companies and has successfully developed many sales teams and strategies. Now as a business coach and mentor, Phil has dedicated himself to helping others fully understand their financials for their business in order to help them make the best and most informed decisions for their growth and development.

This inspiring and useful workshop will help you feel more confident and give you strategies for managing your sales processes and ensuring happy customers. Surely having that under your belt is a worthwhile way to spend half a day?

Key Outcomes:

Over the course of this half-day event, you will cover:

• Identify the key challenges to understanding financial management

• Understand what figures and numbers you really need to know and why

• Understand how the financials can affect your business and tactics to help you combat this

• How to build the financials KPI dashboard and build financials into the KPIs

• Understand and learn how these key numbers can help you create growth in your business

Who is this for?

This course is suitable for growing and scaling businesses who are looking to really move their business forward and feel they need more confidence in understanding and using their financial information to help make decisions, make plans and develop opportunities and grow.

Ideally, you should have been trading for 12 months or more and be the owner, managing director or part of the senior leadership team. This is part of our Scale Up New Anglia Masterclass events schedule. To learn more about this initiative and the support we can offer, please visit www.scaleupnewanglia.co.uk

Agenda for the Day:

09:50 Zoom room opens for early joiners

09:55 New Anglia Growth Hub - How we can help you*

10:00 What are the main challenges facing business when it comes to financial management? Group Discussion*

10:10 Dealing with the challenges in your businesses*

Group Exercise

11:00 Break

11:05 How to build a KPI dashboard for your finances and how to use this information*

11:25 Keys to using numbers to grow your business*

11:50 Summary and Q & A*

12:00 Event Close

Total hours of *IDB (information, Diagnostic and Brokerage) delivery = 2hrs

About the Training Organisation Philip Budd from ActionCOACH

As an ActionCOACH, Philip supports business owners to take action to deliver change that will help them deliver the growth in their business and help them achieve their goals and dreams.

FAQs

I want to book for more than one person from my company?

Due to the popularity of these events, we are usually only able to allow one person per company to attend. However on this occasion and due to the nature of the content more than one person will be possible. However, if the event becomes very popular we may ask for those with multiple tickets to give up additional space. We will try to avoid this though.

However, please email sue.simmons@newanglia.co.uk, if you wish a colleague to attend as well and if we have cancellations we will notify you immediately on a first-come, first-served basis to offer another ticket.

What are my parking options for getting to and from the event?

There is plenty of parking on site which should be free, please report to reception should there be any issues and inform them that you were with our event. Please park in the designated spaces only.

How can I contact the organiser with any questions?

Please email sue.simmons@newanglia.co.uk if you have any questions or queries.

What will be done with the information I supply?

Your information will be stored on Eventbrite according to Eventbrite’s terms and conditions. Upon arrival you will be required to sign in on our attendance sheet, this is to provide evidence of your attendance and will be kept on the server as evidence for our ERDF funding. After your attendance will be stored on the secure Growth Hub CRM system. This is required in order to provide evidence of your attendance and eligibility for the course. This will be kept to the statutory dates any only accessible to Growth Programme and authorised personnel. If you request further contact from an adviser post this event they will use this information to contact you and log any future interactions, again to evidence for ERDF funding.

If it does become necessary to move this event to an online event, this will be via Zoom, and will be facilitated by NatWest. If this happens we will need to share your information with NatWest to ensure they can arrange for you to have access to the event on this online platform through their system. If you do not want to share your information with NatWest please ensure you tick the correct box in the registration area of the form.

State Aid Declaration

This event is delivered, free of charge, to SMEs (SME is defined as an Enterprise with fewer than 250 employees and has either an annual balance sheet not exceeding 43m Euro or Annual Turnover not exceeding £50m) other restrictions may apply. This support is being provided as de minimis aid under EC Regulation 1407/2013 (De Minimis Aid Regulation). The value of this support has been calculated as £100.

Please note: This is not a request for payment; we are merely required to notify you of the value, which will be relevant if you wish to apply or have applied for any other de minimis State Aid in the future. There is a ceiling of €200,000 for all de minimis aid provided to anyone organisation over a three fiscal year period (i.e. your current fiscal year and previous two fiscal years).

This event, as with all the New Anglia Growth Hub events, is suited and intended for businesses already running and established. Please refer to courses by NWES and MENTA for courses more suited for those businesses who are pre-start or have been trading for less than 12 months