Financial Management for Business Owners

The Financial Management for Business Owners (FiMBO) program is a comprehensive 12-week course designed to equip business owners and advisors with essential financial management skills to drive growth and profitability. Each session focuses on a critical aspect of business development, providing practical insights and strategies for immediate implementation.

Program Overview:

1. How to Grow Your Business: Identify and leverage key business growth drivers through continuous, incremental improvements.
2. Small Changes, Big Impact: Understand how minor enhancements in growth drivers can compound to significantly increase profit and equity value.
3. Quick Win Cash Strategies: Explore effective methods to optimize overheads and achieve immediate cash flow improvements.
4. Improving Cash Flow: Learn to prioritize cash as a primary Key Performance Indicator (KPI) and implement strategies to enhance liquidity.
5. Improving Profit Margins: Discover straightforward approaches to boost profit margins, cash flow, and overall business performance.
6. Reducing Customer Attrition: Address the causes of customer loss and implement solutions to retain clients and sustain sales growth.
7. Gap Analysis & Cross-Selling: Maximize sales by identifying opportunities to offer additional products or services to existing customers.
8. Increasing Transaction Value & Frequency: Focus on strategies to enhance the average transaction value and encourage repeat business from current clients.
9. Increasing Customer Acquisition: Develop effective methods for attracting new customers and maintaining long-term relationships.
10. Know Your Number: Determine the necessary business valuation and timeline to ensure financial security and future planning.
11. Future-Proof Your Business & Being Exit Ready: Prepare your business for unforeseen challenges and establish a solid foundation for a successful exit strategy.
12. Maintaining Performance vs Plan: Create and adhere to a detailed forecast to align business operations with strategic goals and aspirations.

Each session is delivered online, lasting 45 minutes, with additional time allocated for live Q&A, facilitating an interactive and engaging learning experience. The program is designed to be flexible, allowing participants to integrate the insights and tools into their business practices effectively.

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By completing the FiMBO program, participants gain a robust framework for financial management, enabling them to make informed decisions, drive growth, and prepare for future business transitions.