Business Administration and Finance
Unless you have more than you know what to do with, MONEY is the most important element of a business. Without it, you can’t function. The lack of it causes more stress and worry than any other single factor in a business.On the other hand, if you can achieve an understanding of the flow of your company’s money and you can get control of it, it can be one of the quickest sources of relief and give you a feeling of freedom and creativity.
How often have you said; "We're really busy, and we're making lots of sales, and our financial statements say we've made a profit. So how come we have no cash in the bank?
MONEY AND FINACIAL SYSTEMS DEVELOPMENT
Purpose: Understand and implement financial management principles and systems to track and control the flow of your money so there are available funds whenever you need them.
The focus on Money & Financial Systems Development will help turn your financial statements into your biggest business management ally. In this quadrant, you will:
- Produce a set of key dials and gauges from all your business activities.
- Learn to read your own financial statements and see them as your advisor helping you make the right business decisions.
- Create a Budget to project the revenue and expenses and the path towards your Strategic Target
- Create a Cash Plan and learn to survive and even thrive while surfing the ups and downs of business cycles.
- Develop your Business Cycles Strategy in preparation for any business upturns and downturns.
- Develop Money Control Systems to protect against loss, theft, fraud or mismanagement.
- Evaluate your fees and prices and create your optimum Pricing Strategy for your products and services to create the most value for your customer and the most profit for you.
- Maximize revenue and profitability and eventually, the marketable value of your company.
- Employ key strategies that will minimize your taxes and expenses
- Maximize your revenues, your borrowing power, your return on your investment, and the growing value of your installed business systems
Management by the Numbers (MBN) is a unique program designed to help you understand and use your financial data to make financial decisions in your business. Every activity in your business has a financial impact. Your understanding and ability to manage by the numbers has a direct effect on the success of your business. Using MBN you will establish and track your financial goals and quantify your progress towards the business you’ve always dreamed of owning.