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Financial Management (for beginners) Workshop - 13th February

Venue:
Talbot Hotel, Stillorgan Road
 
Date:
13/02/2020
 
Time:
9.30am - 12.30pm (Registration 9.00am)
 
Category:
Workshop
 

Find out why Financial Management and Literacy are critical to Small Business Owners at this morning workshop.

This event is no longer available
 

Financial Management (for beginners) Workshop - Thursday 13th February 2020

Building confidence in your business finances

Many SME owners can find themselves running a business without any formal business qualification and subsequently lack the skills and confidence to make important business decisions. Good financial literacy is essential in any organisation and especially for SMEs that are looking to expand and compete in this increasingly complex commercial world.

Business owners who are knowledgeable and understand their finances will be able to make informed decisions about the future of their business and prepare for any challenges or opportunities that may arise.

Having good financial literacy and the skills and confidence to make important business decisions will impact your ability to raise finance, forecast accurately, scale and prevent practices which often lead to failure.

Local Enterprise Office Dún Laoghaire-Rathdown are running a morning workshop on Thursday 13th February to equip and empower owner managers of businesses at beginners level, with a greater understanding of what their business numbers can really tell them. The workshop enables participants to become more informed and strategic across all business functions based on a greater level of awareness of the outcomes of every decision from a financial perspective.

Date:Thursday 13th February 2020
Time:9.30am - 12.30pm (Registration 9.00am)
Venue:Talbot Hotel, Stillorgan Road, Co. Dublin
Fee:€20

The workshop will be split into two areas:

1. Financial management, budgeting and setting KPI's

  • Develop management accounts specific to your business that allows effective financial management
  • Identify the KPIs you need to monitor performance
  • Budget for the future
  • Cashflow forecast
  • Understanding P&L
  • Setting your marketing budget based on what the business can afford
  • Setting targets in advance
  • Measuring outcomes and learning lessons for future campaigns
  • Access to funding and how to be ready

2. Developing a costing model that can be used to price jobs

  • Materials
  • Labour
  • Overheads
  • Profit per job before agreeing to undertake the work
  • Benchmarking against competitors

Delivered by: Luke Robinson, Entrepreneurs Academy

Luke is a Chartered Accountant specialising in financial planning and strategy advice and training for start-ups and SME’s.

An entrepreneur, Luke founded Financechief.ie in 2017 to help start-up’s and SME’s by providing financial advice and assistance to help them grow and prosper. Financechief has worked with a wide range of businesses from PLC’s to sole traders across a number of different industries.

Luke joined the Entrepreneurs Academy team early in 2019 and has delivered training and mentoring in the areas of business planning, financial planning, funding options and managing business finances to excellent feedback.

Prior to setting up Finance Chief, Luke was Finance Manager with EIR for 5 years and also spent 6 years as a Corporate Finance Manager at Deloitte.

Luke is a member of Chartered Accountants Ireland and completed a Masters is Accounting and a BA in Accounting & Finance at DCU.

Luke is also a mentor with Intertrade Ireland and LEOs.  

 

CIMA Certificate in Business Accounting

Local Enterprise Office Dun Laoghaire have partnered with CIMA to incentivise companies wishing to improve their financial literacy. This is a practical and broad course aimed at owner managers key employees of SMEs who want to learn best practice in the areas of; Business Economics, Management Accounting, Financial Accounting and the fundamentals of Ethics, Corporate Governance and Business Law.

Representatives from CIMA will be presenting at the Financial Management Workshop on the 13th February so this workshop will also provide you with the opportunity to learn more about the CIMA Certificate in Business Accounting.

 

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