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Events Calendar


 

Understanding the Language of Business - Part One in Series

Wednesday, May 25,  from 1:00 to 4:00pm

Women's Business Center, 4220 Shawnee Mission Parkway, Suite 350B, Fairway, KS

For existing entrepreneurs needing to listen, learn and act on their businesses financials.

 

Understanding the Language of Business, a three-hour interactive workshop, is designed to teach you how to ‘talk’ with your business. After all, you don’t want to be clueless on what your business is trying to tell you. Is it saying, “I’m healthy” or “I’m sick”? Accounting is the language of business, and, just like any foreign language, it takes practice to learn to read, speak, write and understand that language.

In Understanding the Language of Business workshop, participants:

  • Learn why is it important to understand and interpret the financial statements in your business
  • Discover what is an income statement and why is it important
  • Understand, what a cash flow statement is and why is it important
  • Discuss how can the balance sheet show your company’s worth
  • Discover other types of financial statements you may encounter
  • Master valuable questions to ask before making any decision based on financial-statement numbers
  • Discuss ways to improve profitability and financial performance

*  This course introduces participants to reading and understand financial statements.

 

Cost is $50 - Register Online.


 

Cash is King - Identifying Key Financial Drivers - Part Two in a Series

Wednesday, June 1, from 1:00 to 4:00pm

Women's Business Center, 4220 Shawnee Mission Parkway, Suite 350B, Fairway, KS

For existing entrepreneurs to learn to track appropriate metrics that will allow them to take action, and enable growth.

Cash Is King: Identifying Key Financial Drivers, a three-hour interactive workshop that lets participants learn how planning helps to unlock cash at every stage of the business, and how each participant’s own decisions affects cash flow and working capital.

The session will also introduce the concept of KPDs. By definition, KPD metrics measure aspects of the business process or value stream that directly affect results or outcomes. If KPDs are actionable and monitored in a timely manner, they can be used to make operational decisions and drive actions that can positively impact business outcomes.

Facilitated by a certified FastTrac Facilitator, the workshop guides participants through a process of concept introduction, facilitated simulation, and application to their own business.

In a Cash Is King: Identifying Key Financial Drivers workshop, participants:

  • Examine the importance (and cost) of cash
  • Understand the difference between profit and cash and why you should care
  • Formulate your businesses cash conversion cycle
  • Learn what KPDs are and why they are important
  • Identify what KPDs are critical to their business, to assist in reaching business goals
  • Understand how KPDs impact KPIs (Key Performance Indicators)
  • Understand what is relevant (and what is not) when using metrics
  • Discuss ways to improve profitability and financial performance

* This course assumes the participant can read and understand financial statements.

Cost is $50 - Register Online


 

Operational Strategies for Profitability

Wednesday, June 8,  from 1:00 to 4:00pm

Women's Business Center, 4220 Shawnee Mission Parkway, Suite 350B, Fairway, KS

For existing entrepreneurs to implement KPIs, Benchmarking, and SMART processes into their growth strategy.

 

Operational Strategies for Profitability, a three-hour interactive workshop, teaches participants how strategic, operating and financing decisions drive value creation. The program combines conceptual training in operational strategy with the immediate opportunity to apply concepts to their own business.

Facilitated by a certified FastTrac Facilitator, the workshop guides participants through a process of concept introduction, facilitated simulation and application to their own business.

In an Operational Strategies for Profitability workshop, participants:

  • Examine how profit is really made
  • Introduces the SMART strategic management system
  • Learn how strategic direction affects daily operations
  • Formulate internal processes to move numbers in the right direction
  • Identify benchmarking techniques to assist in reaching business goals
  • Learn how the SMART process makes metric analysis easy and accessible to everyone on your team
  • Develop action plans to fully utilize their KPIs
  • Explore how to improve communication between departments to increase efficiency
  • See how to ‘divide and conquer’ costs in a way that will bring maximum impact to the bottom-line
  • Explore why critical success factors are self-fulfilling

* This course assumes the participant can read and understand financial statements.

Cost is $50 - Register Online


 

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