One Way to Become Financially Intelligent – Fast!
Every business owner faces the pressure of making decisions that impact the future of the company. That’s a big burden to carry! One thing that can help ease the load is the knowledge that the best business decisions are based on solid data.
Interpreting your financials can help shape solid decisions, and sometimes a deep dive into the fundamentals of HOW to do that is all it takes to get you on the path to feeling confident. That’s where my Financial Intelligence seminars come in.
Imagine becoming financially intelligent – fast!
We launched these seminars in two different formats. First, public seminars held in person and via Zoom, where any business professional can join for 90 minutes of actionable information and time for questions. Second, we partner with business leaders who want to share this information with their clients or colleagues in a more private setting. Here are some of the nuggets I recently shared with such a group.
In these seminars, we dive into which financial statements are essential to decision-making, as well as:
- How to read and interpret them
- What information to extract
- How to apply that information to inform your decisions
I also discuss the importance of having an annual budget, which I refer to as a Profit Plan. Better yet, a rolling, twelve-month Profit Plan which reforecasts the next twelve months each quarter enables businesses to have the flexibility to incorporate changes as they occur, on top of an already solid and realistic one-year plan.
What do seminar attendees say?
- There is immense value in understanding which key financials to look at to understand business performance and when adjustments need to be made.
- I appreciated the appropriately detailed overview of the main metrics associated with the financial performance and planning that goes with running a business.
- Rick clearly illustrated the importance of creating a budget and evaluating it quarterly.
- I’m excited to understand and realize the importance of profit and loss statements and cash flow forecasting and how they can help make better decisions that can boost profit.
- I appreciate learning how to do a cash flow projection and how valuable it can be.
If you sometimes feel stressed by the responsibility of accurately interpreting your financial statements in order to make critical decisions that impact your company, consider attending or hosting a Financial Intelligence seminar. There, you’ll develop the tools you need to optimize the process. Seminars include a complimentary, one-on-one, follow-up consultation.
Check out my Financial Fluency page to learn about upcoming seminars or to set up a private event for your company leaders, accounting team, clients, or a group of colleagues.
