Budgeting - The most boring and most important topic in the Business world
Mon May 6, 2024
9:30 am - 10:30 am
$24.00
You may be able to receive this workshop free of charge. Create an account or login to your dashboard to check your eligibility.
Budgeting is a forecast of what your business will accomplish in the next time frame. Some companies spend weeks developing a budget and some do it in a morning. What we all want is an effective tool that generates predictable profits. This workshop is about painless budgeting that works and gives owners control, day by day.
All of us budget our personal money if only on the back of an envelope to see if we have enough money to pay rent and then buy that "toy" we always wanted. Business is no different except that good businesses spend the time to develop good budgeting practices that keep them on track for a year or 2 at a time and lead to predictable profits. Then you can buy that toy!
Learning Outcomes:
- Budgeting tools. Measuring yourself against others in the industry using NAIC data.
- Debt: how much is tolerable and how to measure it.
- Tools to account for inflation
- Creating disaster reserves.
- Decisions: when should I buy that new software, when should I hire a new salesperson?
Participants will have the tools to make better money decisions. Better money decisions will led to more profit. More profit means the business will be more valuable.
Presenter:
ANDREW GREGSON
Bio: Andrew Gregson, BA, MA, M.Sc.(Econ) has been talking about and educating business owners about pricing for the past 15 years. Gregson is the former owner of 5 service businesses and has worked in finance for the past 20 years. Andrew worked for a number of years with a Chicago consultancy. Andrew has also been part of the senior management team in manufacturing and distribution companies with employees of up to 1400.
1-604-289-4222
information@communityfutures.ca
