Finance – Making & keeping your business profitable (3 of 4)

This is the third in a series of four webinars and two hours of consultations brought to you by the Worcestershire Business & IP Centre (BIPC) in conjunction with the British Library. The Reset.Restart Covid support programme is aimed at Worcestershire business start-ups and small to medium sized companies, trading for up to four years. It aims to enable local companies to flex for the effects of lockdown and the post-pandemic environment. Using the Business Model Canvas, the programme aims to provide you with actions and momentum across key business areas.

To join the programme you will need to commit to attending four Webinars (see below) and to working with the same small group of businesses across these sessions. You will also benefit from two one hour one-to-one bespoke meetings with a business coach. At the end of the four sessions you will have an actionable covid recovery plan for your business.

Content

• Compare your own business’s financial performance with relevant benchmarks.
• Discover tools to measure progress to ensure sales and profits, and how cash flow enables adaptability
• Interactive and using case studies to build confidence and enable application, particularly in an economy impacted by Covid

A subset of the following topics are covered, determined in advance based on understanding the needs of the participants:

• Financial Statements – Income Statement & Balance Sheet
• Using budgets
• Building and using the Cash Flow forecast

You will gain even more from it if you bring along a set of your accounts, if you have them.

Who should attend?

Start-up and recently formed businesses on the Worcestershire BIPC programme who need to understand how to help their business to gain a level of financial sustainability now we have our roadmap to recovery.

Practical takeaways

• Knowledge and skills to understand more about finance
• Describing the impact your actions have in financial terms and how they can contribute to survival and success during Covid
• Using budgets
• Maintaining cashflow
• Excel spreadsheet download

Value for the business

• More confident financial decisions
• Better understanding of financial information
• Handle the unexpected

Format

90 minute online live learning with practical exercises to gain new knowledge and skills through practise.

Preparation for attendees

Confirm your specific skill development needs with your BIPC coach.

Post workshop

120 minutes of consultation is provided to each participant of the Reset. Restart: Programme. This is alongside the availability of learning and implementation support from the Worcestershire BIPC.

Links for your other webinar bookings

From good ideas to good business - the Business Model Canvas (1 of 4) -

• Tuesday 23rd March11:00 - 12.30pm
• Wednesday 31st March 14:00 - 15.30pm
• Thursday 8th April 14:00 - 15.30pm
• Friday 16th April 11:00 - 12.30pm
• Monday 19th April 11:00 - 12.30pm
• Tuesday 4th May 11:00 - 12.30pm

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Marketing – Getting your business ‘out-there’ (2 of 4) -

• Tuesday 30th March 11.00am – 12.30pm
• Wednesday 7th April 11.00am – 12.30pm
• Thursday 15th April 14.00 – 15.30
• Friday 23rd April 11.00am - 12.30pm
• Monday 26th April 11.00am – 12.30pm
• Tuesday 11th May 11:00 - 12.30pm

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Business Plans - how to translate your ideas into action (4 of 4) –

• Tuesday 20th April 11.00am – 12.30pm
• Wednesday 21st April 11.00 – 12.30pm
• Thursday 29th April 11.00am – 12.30pm
• Friday 7th May 11.00am – 12.30pm
• Monday 10th May 11.00am – 12.30pm
• Tuesday 25th May 11:00 - 12.30pm

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Workshop Facilitator

Phil makes understanding business and finance easier.

Phil's recent experience lies in managing and running a variety of training interventions to help businesses improve their financial outcomes. With finance training, his programmes are delivered to business managers and leaders including sales people, entrepreneurs and start ups, directors and production managers. Financial skills can be combined with related skills in negotiation, customer account management, communication skills, leadership, and specialist areas including supplier relationship management. His training experience has included a number of projects in the Gulf, Europe, the Americas and Asia.

https://www.linkedin.com/in/philipingle/, phil@PhilIngleAssociates.com, 07968 774357, https://www.philingleassociates.com/

About your booking details

Please understand that by participating in this Worcestershire BIPC initiative that your booking details will be shared by our appointed representative, Glued, solely for the purpose of contacting them about the programme, and that their data will only be used in accordance with council policies.

How we use your information. Worcestershire County Council