Harrow - Workshop 2: Business Finance

Workshop 2: Business Finance

This is designed to cover most aspects of your business finance. The objectives of the workshop are to help you:

A- Develop a greater understanding about financial matters

B- Build confidence in cashflow forecasting, making a profit and managing your money

Our aim through this workshop is to reinforce the handling of finance as one of the important tasks in running a successful business. We will learn or revisit the costs of starting and running the business, determine the current financial situation and how to finance your business

The workshop will cover:

- Understanding costs, projected profit and loss accounts and balance sheet

- Gross Profit Margin and breakeven analysis calculations

- How to interpret the changes in the gross profit margin % as a measure of business performance

- Profit and Loss and Cashflow Forecast - how to improve your profitability and cashflow

- Pricing models/strategies/budgeting

- HM Revenue & Customs

You will walk away with a better understanding of financial modelling and budgeting in relation to costs as well as key tips/tools, software and Apps that will make them more adept in running a successful business.

At the end of the second day and after the two sessions, we will review the developed blocks of the BMC in conjunction with your financial plans

The Facilitator

London Business Partnership (“LBP”) is a non-profit making social enterprise organisation that has successfully delivered, over several years, projects targeting start-ups and existing businesses. The support includes one to one business advice and development, mentoring and coaching. LBP has developed and is currently running Mentoring and Coaching programs across London including Mentoring Harrow.

www.londonbp.co.uk

Presenters:

Melanie Wakely, a trained social media manager with over 20 years experiential event marketing agency experience gained at Cunning Stunts, RPM, Edelman/JCPR and Hill & Knowlton, Smirnoff, BMW MINI, British Airways, Tango, FHM, Capco Covent Garden, and Cancer Research are just a few of the brands she has worked with over the years.

Naima Omasta-Milsom, is an experienced incubation and business support director, providing project development, management and delivery. With a solid SMEs and start-up advice coupled with ICT skills and knowledge. Started life with the Princes Trust and worked for Park Royal Partnership. She has extensive partnership working experience and has helped develop new joint initiatives in various industry sectors.

Deryck Sealy is a qualified business adviser and experienced trainer with a degree in Business and Computing. Having worked for Lloyds Bank for over 20 years, he has an extensive experience working with SMEs on a 1:1 basis as well as designing and delivering seminars/workshops including marketing and finance.