Financial Education Workshops

Improve your financial literacy

When business owners understand their financial information, they make informed strategic decisions that lead to business growth and financial stability. 

In this one-day  workshop, you will learn how to read a profit and loss statement, the relationship between profit and cash flow, and why your balance sheet is the most important financial report of all. 

Learn how to calculate if your current pricing strategy covers all the Cost of Goods Sold (COGS) associated with delivering your product or service, along with the operating expenses to deliver a bottom-line profit.  

Empower yourself with the knowledge of how to read key financial reports and set yourself up for success.  

Read article: The secret language behind successful small business.

In this workshop, you will learn how to:   

• Build a glossary of financial and accounting terminology  
• Analyse your Profit and Loss statement (P&L)  
• Ensure your pricing model is delivering a profit 
• Differentiate between profit and cash flow 
• Validate every item in your Balance Sheet 
• Create a strategy for utilising profit in your business 
• Use financial data to make better business decisions.

This workshop is ideal for: 

• Retailers selling products (online and those running bricks and mortar stores)
• Owners of service-based businesses selling time  
• Startups wanting to raise investment or validate their pricing strategy  
• General Managers or key operations personnel 
• Managers responsible for financial budgets.

By attending this workshop, you will receive: 

• A 12-month online Financial Tracker tool  
• Guidance from a Financial Educator about how to understand your numbers 
• Advice on how to customise your financial reports 
• A comprehensive workbook for future reference  
• A Financial Review Checklist to improve your organisation’s financial management. 

Want to know more about this workshop? Please contact Rebecca White. 

Build a financial roadmap

Build a financial roadmap for the new world.

All organisations, regardless of size, industry and location, have had to deal with the COVID-19 crisis. Some have been hit hard, others have seen business boom, but there are many organisations in between this spectrum.

There is little point looking back to what business was like. Business owners need to look ahead and build a financial roadmap for the post-pandemic world.   

In this one-day workshop, you will learn how to build a financial strategy for your organisation that reflects the new economic landscape.

Gain knowledge on how to set revenue targets for new or existing products or services to ensure you have enough top-line revenue to deliver a bottom-line profit. Take a moment to analyse staff capacity, particularly if you were forced to change the staffing mix due to COVID-19, and calculate funding required to achieve your business goals for the next 12 months.

In this workshop, you will learn how to:  

• Build a 12-month budget for the new world
• Read financial data in your Profit & Loss and Balance Sheet
• Validate your pricing strategy
• Build realistic revenue targets
• Analyse current staff capacity
• Embed the financial management process to monitor the roadmap.

This workshop is ideal for:

• Business owners who want to calculate growth
• Startups/entrepreneurs keen to validate their business model
• Financial Controllers interested in a new tool to build a financial strategy
• Key financial staff or bookkeepers who want a collaborative tool.

By attending this workshop, you will receive:

• A 12-month online Financial Roadmap tool
• Guidance from a Financial Educator on how to build a financial roadmap
• Advice about how to translate business goals into financial strategy
• A comprehensive workbook for future reference
• Videos about customising financial reports
• Access to benchmarking data for your industry
• A Financial Review Checklist to improve financial management.

Stop looking in your rear vision mirror. Take the time to build a financial roadmap that translates your goals into a successful financial strategy for this post-pandemic world.

Avoid a Cash Flow Crisis

Take control of your cash flow, learn how to avoid a crisis and implement strategies to stretch your cash flow further.

Cash flow management is critical for organisations wanting to survive the current economic uncertainty.

In this one-day workshop, you will learn how to build a cash flow forecast plan and develop strategies to stretch your cash flow further.

BDO’s online cash flow forecast tool has been updated to include the new PAYG Cash Boost and JobKeeper Subsidy, to help you calculate how much cash your business has for the next 90 days and beyond.

At the end of this workshop, you will have created a level of certainty in an uncertain world, mapping the cash flowing in and out of your organisation and clarifying your financial commitments.

You will be empowered by the knowledge of how to maximise your current cash position and identify strategies to stretch and improve your cash flow moving forward.

In this workshop, you will learn how to:  

• Build a 52-week cash flow forecast
• Speed up your cash flow cycle
• Implement strategies to improve cash flow
• Apply tools and apps to get money in your bank faster
• Avoid a cash flow crisis in the future.

This workshop is ideal for:

• Business owners concerned about their cash flow
• Startups/entrepreneurs needing to calculate their runway
• Financial Controllers who manage a business’ finances
• Bookkeepers wanting to educate their clients.

By attending the workshop, you will receive:

• A 52-week Online Cash Flow Forecast tool
• Instructions from a Financial Educator about how to build a cash flow forecast
• Advice about stretching and preserving your cash flow
• Insight into the seven cash flow levers to help manage your organisation’s cash flow
• Recommendations about apps and tools.

Want to know more about this workshop? Please contact Rebecca White.