Understanding company accounts
Event Information
Description
You don’t have to be a mechanic to drive your car… You don’t need to be an accountant to drive your business.
This workshop is designed for start-up entrepreneurs and experienced business owners, with little or no knowledge of accounting. Ivan Favennec is a business guide and mentor who’s been there himself and is offering this session to Hub members for FREE.
If you get here by 11am we can order you a pizza for £4.
More details below...
What you will learn.
Company Accounts will be presented in a completely new light.
No jargon, no meaningless acronyms, no mental torture and embarrassment, just plain English and
common sense.
For the first time, you won't need to be a professional to understand the meaning of company
accounts. You will relax, be yourself and have fun!
You will only need to understand the workings of the Wonderful Water Machine © (WWM) created
for this course. The WWM will turn money into water and water into money so that it is transparent
to YOU and also to Start-up Entrepreneurs, CEOs, Chairmen, Solicitors, Business Owners, Directors,
Managers … who would rather focus on business than accounting “gobbledygook”.
What you will gain from the knowledge.
You will gain an extraordinary confidence in yourself.
For the first time, you will feel the power of being in charge of your own destiny. Your business will
follow the direction you want it to go and you will be in control.
You will concentrate your efforts where they are most needed and thus become efficient.
You will learn the eleven existing connections linking Profit & Loss Accounts with the Balance
Sheet and how they are meaningless without each other. You will gain lots of precious time by
concentrating on the cash flow of your company. This will help you to understand that it is possible
to be in profit and at the same time be bankrupt!
How your business will improve because of it.
Imagine the consequences of starting a long journey with no map, no compass and hardly any food?
You’ll be surprised to know that most start-up and SME businesses begin their life journey in a
similar manner.
More than ever, knowledge is power. The power of understanding what to do instantly to correct a
wrong trend is far more powerful than waiting until the year-end accounting period, when is too late
anyway to put things right. The once-a-year accounting report system is designed to check that your
operating profit is fully taxed, not to help you to manage your company.
It is high time to change this detrimental mind-set. After the seminar, you’ll never go back to the
traditional way of waiting the whole year to learn that, either you’ve made a profit or a loss.
The financial performance of your company will then rapidly improve, as surely as the day comes
after a long night.