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Planning for profits
Mon 5 December 2016, 09:00 – 13:00 GMT
If you want to launch or grow your business you will need to understand how the business makes money and how to maximise those profits going forward.
As a business owner, if you don't have a vision of what success looks like for your business (and you!), how do you know what to aim for and even more importantly if you are on track to reach those goals?
Run by experienced business growth coach David Smith, this workshop isnt theory; its a practical, hands on session which will provide simple tools and techniques to help you understand the commercial potential of the business and to build your plan for profitable growth.
We hope you will get the following out of attending this workshop.
- An understanding of how the new or early stage business can make more money (how does it generate sales greater than costs and ......and get paid for it?)
- Helping you to visualise what success looks like for the business (and you!) and defining a set of key performance goals that will drive profits within the business
- Provide you with simple tools to really understand the following;
- Core financial statements and what you need to look at each month to track progress
- Your primary units of sale and gross profit margin
- Sales Forecasting
- Running costs of the business
- Profit & Loss
- Where your risks are
About Your Host
Business Growth Director - Oxford Innovation
David is our resident Business Coach here at Oxford Innovation. He brings with him over 20 years of banking and experience with NatWest covering a wide variety of roles including Regional Analyst and latterly working with Small Businesses as a Business Manager. David then embarked upon a career helping businesses to start and grow, working for The Chamber of Commerce and other enterprise support organisations and on behalf of local authorities as a self-employed Business Coach and mentor.
David’s banking background provides him with a strong financial awareness which he uses to guide the businesses he works with. He also has a thorough understanding of grant funding programmes, having worked on a range of programmes funded by ERDF and the Government’s Regional Growth Fund amongst others.