Financial Management Presentations
from Profits Plus and Tom Shay
Financial management is a most important aspect
of any business. Yet, from Tom's experience of working with small business there are few that have a sound understanding of how to read their financial statements; and even fewer that know how to make decisions from them! These topics are created to help people resolve those concerns.
PDF of Financial Management Presentations
Basic Financials 101 - Experience has shown that understanding the financial statement is one of the great short comings of small business owners. In a technique that challenges participants to learn, yet without publicly exposing their lack of knowledge, Tom Shay helps people to quickly gain that basic financial understanding.
Black Ink: Cashflow Management Secrets Your Accountant Never Shared! - 54% of the small businesses that fail are actually profitable when they go out of business. Why? Because they have failed to understand their future cash needs. With this session, participants will be able to accurately project their future cash and inventory needs. This is a most unique and very valuable session.
Creating Positive Cashflow with an "Open to Buy"! - Ever hear of a business that has too much inventory sitting on the shelves and not enough money to pay the bills? How about a business that has too much seasonal merchandise left at the end of the season? Both of these concerns are correctable when a business learns how to properly control ordering.
This session includes a free "Open to buy" calculator for attendees.
Numbers Gibberish and the Profit Secrets They Hide - As the saying goes, "the job is much easier when you have the right tools". So, what are the right tools for the management of a successful business? Tom Shay has created a website that is full of free tools that will show attendees how the numbers on their financial statement contain the most important tools for any small business. Finding and using the right tools means finding more profits.
One attendee of this session reported a savings of $200,000 in loan interest fees after learning how to utilize the free calculators from the Profits Plus website.
If you are not making money - You are not doing this! - You are not making money is you are simply selecting an item, considering the cost in determining the selling price, and then deciding how many to order.
Let's look at different ways of making these decisions along with looking at businesses that have found different ways of engaging their customer. Most of the money spent with us is discretionary income - we work to remember we earn the customer's spending.
So, That's Where the Money Goes! - You look at the bottom line of a profit and loss statement to see how much money the business made. Yet, when you look at the checking account the number is different. And it is not likely that the checking account is larger! If your business is making a profit, why isn't all of that money sitting in your checking account for you to use? Attend this Tom Shay session to learn why this happens and how to get better control of it.
Your Assets - Are they Working for You or Just Sitting There? - Your business controls a lot of assets to make your business profitable. But, have you ever stopped to analyze just how well these assets are working for you? This session, along with the free tools from the Profits Plus website, will help attendees to learn just how well their assets are working.
Can You Get More From The Investment You Have in Your Business? - This presentation asks participants to examine their business from the perspective of the money they have invested. Is this the best place for their money to be invested? It should be. And once they know how much return they are getting, they are shown how to increase that rate of return. This session utilizes a free calculator from the Profits Plus website.
How Much is That Doggy in the Window? The Cost of Holding Dead Inventory - That doggy may look cute when it is a puppy. But if it is not sold and becomes a much older dog, the cute aspect is gone and the dog has eaten a lot of food. That means the price of the dog goes down and the cost of the dog is essentially a lot more. Inventory is a lot like that.
We are going to take a look at inventory solely from a financial perspective. Your return on investment can be greatly affected by how you are turning your inventory. Get rid of the dead inventory; purchase inventory that moves and the bottom line of your business will greatly improve.
What Your Accountant is NOT Telling You - It is not intentional; but there are many things that an owner or manager needs to have a better understanding of with regard to financials. This session will explain the eleven aspects of financial understanding that are most frequently missing in the relationship between the accountant and the business.
