How do you make sure your business operates entirely for the purpose of providing you with a profit?

Learn the principles of financial management…this is essential for making a profit, the whole goal of being in business.

Successful business people can tell you exactly how much money they earn, spend and keep…the last one being the most important because that’s how you get to have the life you really want.

We refer to this as Financial Mastery, and it’s the one area of business that tells you how you are going.

Sadly it’s often misunderstood or delegated to the “too hard” basket… “that’s the accountants job!” is a typical response. 

Well it may be their job, much like you employ people to do the things you choose not to do, but that doesn’t mean you don’t know how to do those things, or what needs to be done. If you did that it would be called abdication, rather than delegation.

Running your business requires you to know the basics in all areas. Financial Mastery can be complex, but it’s not difficult in concept. And that’s what we are about to explore….

Have fun…this might appear daunting, but it can be exciting…especially when you see how much money you can make!

The goal of Financial Reporting (FRP) is to ensure you recognise the value of understanding your financials and being able to ask the right questions if needed from the people you employ to provide this information. This is a key part of Foundation Mastery in your business. 

The initial training provides structure and an understanding of the essentials in this topic.

Then here's some of what you will get to work on once you have completed the training: 

  • Access a Breakeven Calculator so you know when you are making a profit versus a loss
  • Study Financial Mastery basics that every business owner must know to be successful
  • Be guided through a Financial Mastery Calculator to bring all the basic elements together
  • Study the basics of a business financials
  • Get access to a comprehensive KPIs and Reporting Workbook
  • Learn about your business and how to assess if it's healthy or not and what d change
  • Learn how a P&L and your breakeven are calculated

Click here to see the detail of a training as an example. 

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