The better you understand your business, the easier it will be to make more money. Management decisions rely on a sound understanding of the financial implications for a business. We have developed this service to enable business owners to fully understand and interpret their numbers, so they have a strong foundation on which to grow their business.
Who Should Attend?
We recommend this service to you if you are passionate about your business and want to better understand your numbers, so you can answer questions like:
How much profit have I made this year?
Why has my profit increased but I have no cash?
Is my cash level increasing or decreasing?
What is affecting my cash level?
What Is Involved?
Financial Awareness Coaching is a 12-month coaching program. You will attend meetings with us every two months to discuss your financial results. The focus of each meeting will change and progress depending on your needs and objectives. You will:
Develop an understanding of your key financial reports
Gain knowledge of key accounting concepts
Learn how to report on cash flow and profit
Begin to produce your own customized reports on a monthly basis
Understand how to better manage your debtors and creditors
Learn how to monitor income and expenses throughout the year
Find ways to save time on admin tasks that could be automated
Identify weaknesses/areas to work on between meetings to get better results
Iron out any existing errors (e.g. formats, coding, analysis, timing differences, etc.)
Understand what other information you should capture and how (e.g. stock, debtors, creditors, etc.)
When Should I Have A Session?
Any time is a good time to improve your understanding of your financial reports in order to improve business performance. The sooner you start Financial Awareness Coaching, the better your understanding of financial results and their implications, and the more control you will have over outcomes.
Benefits Of A Financial Awareness Session
Enables you to better understand your business
Iron out any existing errors to ensure accuracy in your financial reports
Better manage and monitor your cashflow
Customize your reports to ensure you capture the right information
Format your reports in a way that makes decision making easier
Gain a better understanding of the financial implications of decisions
Make better-informed decisions
Access regular independent financial advice
Review your reports and record actions to be achieved before the next meeting
Be held accountable to achieve progress between meetings
Identify any burning issues that need to be addressed
Access the collective wisdom of our accountants, systems, products, and services
Phone support to address any burning issues between meetings