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Mastering the Financial Basics for Small Companies

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Location

Cromford Mills

Mill Road

Cromford

Matlock

DE4 3RQ

United Kingdom

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Event description

Description

This workshop is hosted by D2N2 Growth Hub and is part-funded through the European Regional Development Fund.

This workshop has been specifically designed for very small businesses who need to get the financial basics in place so they can grow successfully.

During this practical workshop we’ll be covering:

  • Profit margins – understanding gross and net margins and why they are so important
  • How pricing affects your gross margin and the critical importance of getting it right
  • How to calculate and improve gross margins
  • How to identify higher margin work and products, and the impact of low margin work
  • Wholesale and retail pricing
  • Why you need to know your break-even point and how to calculate it
  • Why controlling overheads is so important and how to do it
  • Simple financial control – the things you must be managing to have control of your business
  • How to give your business a simple financial health check

You’ll leave the workshop inspired to go back to your business and find ways to improve your profits and cash, armed with a toolkit to help you do it.

Who Should Attend?

This workshop is open to small and medium-sized businesses based in Derby, Derbyshire, Nottingham and Nottinghamshire. It will be particularly suitable for owners, managing/financial directors of established, ambitious businesses across all sectors, including the professional services.


Agenda

5pm - 5.30pm: Arrival, tea, coffee, snacks and networking

5.30pm: Introduction to D2N2 Growth Hub

5.40pm: Workshop presentation, Alice Davidchack

6.45pm: Tea and Coffee break

7pm: Workshop presentation, Alice Davidchack

8pm: Finish


About the Speaker: Alice Davidchack

Managing Director of the Business Engine Room Ltd, Alice Davidchack is a business adviser, finance director and coach to a large number of small and medium-sized businesses throughout the UK, as well as an experienced presenter and trainer on financial and non-financial topics alike. Her qualifications and experience span many disciplines, from business and accountancy, to project management and counselling. Having experienced the business world by working for and leading companies of all sizes, she set up her own business in 2014. Alice’s passion is about supporting people on their journey, helping them to follow their dreams, to be themselves and to succeed.


ERDF

The support provided by D2N2 Growth Hub 2019-2022 is part-funded via the European Regional Development Fund, therefore we are required to evidence that you are a small to medium sized enterprise.

Prior to attending a D2N2 Growth Hub event, or contact with a D2N2 Growth Hub Adviser, you will need to submit an SME enrolment form providing details of your business which will be sent to you via email.

Please print the form, complete all areas, sign in ink, scan and return by email to growthhubevents@d2n2growthhub.co.uk with Growth Hub 2019-22 enrolment form in the subject line.

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Date and Time

Location

Cromford Mills

Mill Road

Cromford

Matlock

DE4 3RQ

United Kingdom

View Map

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