Mastering and Understanding Finances for Business - Lowestoft

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The Hotel Victoria

Kirkley Cliff


NR33 0BZ

United Kingdom

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Mastering and Understanding Finances for Business - Lowestoft

Is it sometimes difficult for you to make decisions in your business - Can you afford to recruit? Do you spend enough on marketing? Are you spending too much elsewhere?

Indecisiveness can be down to having a lack of information and understanding of numbers within your business.

During this three-hour workshop, we will help you master the basics of finances, helping you to make decisions in your business that will impact growth.

We are able to deliver this is free of charge to you with thanks to funding from the European Regional Development Fund and East Suffolk Council.

This course will cover:

  • Understanding Key Terminology

  • What the "Cash Gap" Is

  • The importance of key performance indicators (KPI's)

  • Calculating your margins and break-even points

  • Discounting v's Increasing Prices

  • Management Accounts - Balance Sheet, Cashflow Forecast, Profit and Loss

  • How to Use Financial Information to benefit Your Business

Who is this course for?

This course is designed to help those wanting to improve their financial management skills. Or just want to make sure they are getting the basics right. Whether you have been a business owner for many years or just over 6 months, this course helps you ensure you are getting it right either way.

The key to a successful and growing business is having control of your finances and understanding your figures and this course can offer that confidence.

This course, 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.

What you will need

We recommend bringing a pen and notepad to capture notes on the day. Some attendees choose to bring a laptop but this is not required as all exercises will be done in a group format on the main screen where required. Please note, we cannot guarantee WIFI access on the day.

You will get the most from the course if you come to the course with an idea of how you intend to or already recruit.

Agenda for the Day

09:00 Registration, Tea & Coffee

09:15 The New Anglia Growth Hub, How can we help?*

09:30 Understanding key terminology*

- "The cash gap"*

- The importance of key performance indicators*

- Calculating margins and breakeven points*

10:45 Refreshment Break: Tea/Coffee

11:00 Discounting v's increasing prices*

- Management accounts*

- Balance sheet*

- Cash flow forecast*

- Profit & Loss*

- Using numbers*

12:45 Q & A *

13:00 Close

This event is 4 hours in duration and will provide 3hrs and 30mins of Information, Diagnostic and Brokerage (IBD*). This is equivalent to £175 worth of State Aid. We are able to deliver this is free of charge to you with thanks to funding from the European Regional Development Fund.

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.


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

Due to the popularity of these events, we are only able to allow one person per company to attend. However, please email, if you wish a colleague to attend as well and if we have cancellations we will notify you immediately in a first-come, first-served basis to offer another ticket.

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

There is plenty of parking on-site and it is free. Please see the website for the Centre for details of how to get there and any questions.

How can I contact the organiser with any questions?

Please email 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 terms and conditions. Upon arrival you will be required to sign in on our attendance sheet, to provide evidence of your physical attendance, state aid and feedback form for the event, and if we are missing of the key data, such as company name, address contact number a form to collect this missing information. This will be kept on the server as evidence for our ERDF funding for the length of the contract evidence requirements. 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.

Your information will not be given to any third parties without your permission. However we will share your details with our trainers if you tick the sign-in box next to your signature upon signing in, so they are able to contact you should you wish them to.

Any paperwork completed by you for the course, you are welcome to have copies of upon request.

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 £40m or Annual Turnover not exceeding £35m) 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 £175.

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).

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The Hotel Victoria

Kirkley Cliff


NR33 0BZ

United Kingdom

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