Small business owners are entrepreneurial spirits with a particular talent or trade. While passionate about their craft, the financial aspects of running a business often present new challenges they are unprepared for. Even experienced business owners encounter new aspects of financial management as their businesses grow and expand. In this presentation, we will cover the principles of effective financial management every small business should know.
CFO - How to sustain excellence in your company, by NYC Advisors, LLCNYC Advisors, LLC
The document provides guidance on achieving sustained excellence for CFOs and business leaders. It emphasizes the importance of common sense practices like cost control, customer service, and risk management. It also stresses strategic leadership through clear communication, goal-setting, benchmarking, and empowering employees. The document advocates for ongoing transformation, stress testing the business, and being prepared for different scenarios through contingency planning.
The document discusses selling a small business and succession planning. It outlines reasons for selling a business such as retirement or health issues. The steps to selling a business include determining if it is saleable, setting a price, preparing for sale, finding buyers, and negotiating a deal. Succession planning involves identifying and training successors to take over ownership of the business. Retirement planning benefits both business owners and employees by allowing tax-deductible contributions to grow tax-free until distribution.
How to Construct and Manage your Board Meetings for Maximum Benefitsaastr
The document discusses best practices for structuring and managing a board of directors for a VC-backed company. It recommends board composition based on stage, with founders and VCs typically on early-stage boards and more independents on later-stage boards. The general principles are to never have more than 3 VCs on the board, move toward independents, and that common board control is not essential. It provides tips for effective board management, including sending meeting materials in advance, limiting meetings to 3 hours with set agenda items focusing on reporting and board input, and clear roles where management owns operations and the board provides strategic guidance.
Budgeting is important for controlling expenses, prioritizing financial goals, and adapting to changes. A budget outlines projected income and expenses over a set period of time to help manage a business's finances. Specifically, a sales budget tracks prospects, leads, opportunities, work in progress, order books, and sales targets. It is broken down further to account for costs of sales like wages, materials, and overheads. A full budget also includes fixed overhead costs, capital expenditures, and monitors the cash cycle through metrics like debtor days, stock days, and creditor days.
10 Creative Ways to Boost Profits & Cash FlowPROTRADE United
Inconsistent cash flow can create stress and unnecessary pressure, resulting in reactive decisions that may have you compromising your profits in order to cover debts.
Careful cash flow planning and financial strategising allows you to make smarter decisions for the future. There are many simple tools a business owner can use to create consistent, sustainable revenue with a take-home profit.
This workshop provides you with trade-specific street smart tools and skills to help improve cash flow in your business.
Budgeting & Banking for Small Businesses in IsraelShuey Fogel
"Getting a Grip on Your Business' Financial Health"
"Business Banking in Israel"
Slides from my Nefesh Presentation on Feb 22 to small business owners and the self-employed. Visit my site for more information and tools.
Credits:
Peter Baelish art from AimeeZhou.tumblr.com
Client mapping tool use: Bubbl.us
Small business owners are entrepreneurial spirits with a particular talent or trade. While passionate about their craft, the financial aspects of running a business often present new challenges they are unprepared for. Even experienced business owners encounter new aspects of financial management as their businesses grow and expand. In this presentation, we will cover the principles of effective financial management every small business should know.
CFO - How to sustain excellence in your company, by NYC Advisors, LLCNYC Advisors, LLC
The document provides guidance on achieving sustained excellence for CFOs and business leaders. It emphasizes the importance of common sense practices like cost control, customer service, and risk management. It also stresses strategic leadership through clear communication, goal-setting, benchmarking, and empowering employees. The document advocates for ongoing transformation, stress testing the business, and being prepared for different scenarios through contingency planning.
The document discusses selling a small business and succession planning. It outlines reasons for selling a business such as retirement or health issues. The steps to selling a business include determining if it is saleable, setting a price, preparing for sale, finding buyers, and negotiating a deal. Succession planning involves identifying and training successors to take over ownership of the business. Retirement planning benefits both business owners and employees by allowing tax-deductible contributions to grow tax-free until distribution.
How to Construct and Manage your Board Meetings for Maximum Benefitsaastr
The document discusses best practices for structuring and managing a board of directors for a VC-backed company. It recommends board composition based on stage, with founders and VCs typically on early-stage boards and more independents on later-stage boards. The general principles are to never have more than 3 VCs on the board, move toward independents, and that common board control is not essential. It provides tips for effective board management, including sending meeting materials in advance, limiting meetings to 3 hours with set agenda items focusing on reporting and board input, and clear roles where management owns operations and the board provides strategic guidance.
Budgeting is important for controlling expenses, prioritizing financial goals, and adapting to changes. A budget outlines projected income and expenses over a set period of time to help manage a business's finances. Specifically, a sales budget tracks prospects, leads, opportunities, work in progress, order books, and sales targets. It is broken down further to account for costs of sales like wages, materials, and overheads. A full budget also includes fixed overhead costs, capital expenditures, and monitors the cash cycle through metrics like debtor days, stock days, and creditor days.
10 Creative Ways to Boost Profits & Cash FlowPROTRADE United
Inconsistent cash flow can create stress and unnecessary pressure, resulting in reactive decisions that may have you compromising your profits in order to cover debts.
Careful cash flow planning and financial strategising allows you to make smarter decisions for the future. There are many simple tools a business owner can use to create consistent, sustainable revenue with a take-home profit.
This workshop provides you with trade-specific street smart tools and skills to help improve cash flow in your business.
Budgeting & Banking for Small Businesses in IsraelShuey Fogel
"Getting a Grip on Your Business' Financial Health"
"Business Banking in Israel"
Slides from my Nefesh Presentation on Feb 22 to small business owners and the self-employed. Visit my site for more information and tools.
Credits:
Peter Baelish art from AimeeZhou.tumblr.com
Client mapping tool use: Bubbl.us
This slideshow covers how to go about a system selection process. Procurement of a system and managing vendors is a minefield for unsuspecting staff. This slideshow was created as part of a presentation to the ACCA Accounting professional body.
Construction Future Wales Performance Management (Benchmarking) 2016Rae Davies
Benchmarking can help companies improve performance by learning from others. Formal benchmarking involves comparing key performance indicators (KPIs) to best-in-class competitors. The Construction Futures Wales program helps companies develop KPIs across financial, customer, process, and learning/growth perspectives. Companies complete a benchmark questionnaire and have their data analyzed against similar companies to identify performance gaps and growth opportunities. The program provides benchmark reports and support to help companies improve performance over time based on objective metrics and targets.
This document discusses managing cash flow and provides tips for small business owners. It begins with an introduction to SCORE and their services. It then discusses elements of business failure and success. The main topics covered include raising capital, managing sources and uses of cash flow, dealing with cash flow problems through forecasting and operational improvements, and ensuring quality and effective hiring. Operational tips include applying lean principles, marketing strategies, and remembering that businesses need cash to survive. The document encourages attendees to seek additional help from SCORE.
This document provides an overview of the roles and responsibilities of a Chief Financial Officer based on the author's 35 years of experience as a CFO. It discusses how a CFO must deal with various stakeholders like the board of directors, CEO, operating managers, auditors, investors and regulators. Key aspects of the CFO role include building trust with stakeholders, understanding accounting and finance, communicating financial information clearly, and supporting the company's strategic goals. The CFO role is demanding but rewarding for those who can effectively balance numbers, operations and strategic responsibilities.
The document provides information for those interested in becoming an entrepreneur, outlining the pros and cons of being an entrepreneur such as the ability to be your own boss but also having no regular paycheck. It discusses options for generating business such as becoming a franchisee, purchasing an existing business, or starting your own business and offers suggestions for financing a new business venture. The document aims to help those considering entrepreneurship by sharing insights and strategies for becoming a successful business owner.
Greater Phoenix SCORE presentation on what you need to do when you are starting your own business. What entrepreneurs need to know about small business start-ups.
The document discusses lean financing strategies for startups. It begins with an introduction to lean financing, which combines bootstrapping with minimizing capital needs and dilution for founders. It then outlines the top 5 lean financing strategies: focusing on early revenues, keeping personal salaries and employee stock options low, only spending on trackable marketing, minimizing capital expenses, and optimizing the timing of financing rounds. The presentation emphasizes that lean financing can help founders maintain more ownership but should not come at the cost of missing growth opportunities.
Michael Kipp is an experienced C-level executive with over 20 years of international business experience across multiple industries. He has held roles including SVP and CFO, helping to improve P&L performance and transform companies. He has a track record of leading turnarounds through developing strategic plans, building high-performing teams, and driving sustainable profitable growth.
Cash flow management is about aligning revenue and expenses to maintain a healthy balance. If issues arise, it's best to slow down operations rather than go faster or ignore problems. Small businesses often fail due to lack of motivation or cash flow issues where revenue grows but cash balance falls. Effective cash flow management monitors monthly trends and maintains an ideal cash balance and line of credit that exceeds average monthly revenue. Both tactical short-term actions and strategic long-term planning are needed, including prioritizing bill payments, collecting receivables, reducing costs, adjusting prices and goals, and cash planning for 30 to 90 days.
This document discusses strategies for business owners to maximize their selling price when exiting their company. It covers:
- The importance of developing an exit strategy and aligning stakeholders on timing for the sale.
- Factors that influence timing, including riding high growth to maximize value versus missing the ideal window.
- A typical 6-18 month timeline for the exit process and managing CEO fatigue.
- The role of M&A advisors in leading the sale process to increase probability of success and selling price.
"Plates, Rates, and Competimates: Challenges and Choices Facing Novice Subcon...Russ Blaine
Presenting a "day in the life" of a small/novice subcontractor engaged in business with the DoD. Discussion focuses on typical challenges along with prioritization approaches, resolution advice, and available resources.
Subcontractor Best Practices and Rates: Plates, Rates "Competimates": Challe...SheneCommodore
This presentation discusses 7 business strategy tips to use for winning teaming arrangements. You will also gain a better understand of which contract terms carry the most risk in establishing best prices.
The document provides an overview of an upcoming presentation on financial projections for startups seeking funding. It introduces the two speakers and their backgrounds in finance and business valuations. The presentation will focus on how to build financial projections and why they are important for investors. It will cover objectives like demonstrating understanding of the business model and forcing due diligence. The document addresses common questions and concerns about projections and provides tips on assumptions, scenario planning, and building projections properly in a spreadsheet.
The document discusses the importance of cash flow and infrastructure for businesses. It outlines 4 stages of a company's cash flow from infrastructure creation to potential outgrowth issues. The final sections provide advice on avoiding the "danger zone" of having cash needs exceed available cash through proper planning, reporting, and focusing on sales generation rather than day-to-day operations.
If You Fail to Plan Will Your Plan Fail? by Jaroslav TrojanStartupYard
The document discusses what success means and provides advice on business planning and financial management for startups. It notes that success is not a straight line and will likely involve setbacks and challenges. It also emphasizes the importance of having milestones, securing early sales, and focusing on marketing from the beginning. Additionally, it provides guidance on creating financial plans, forecasts, and managing cash flow. The key takeaways are that success is non-linear, having milestones is critical, and properly managing finances and cash flow is important for startup success.
This document discusses long-term incentive plans and trends. It provides an overview of common long-term incentive types including real equity, cash, stock appreciation rights, restricted shares, performance units/cash bonuses, and phantom shares. It also discusses objectives for long-term incentive plans and considerations for designing plans including company context, performance measures, and emerging trends like increased emphasis on performance-based awards. Communication and administration of long-term incentive plans is also addressed.
This document provides an overview of a presentation on financial projections. It introduces the two speakers and their relevant experience. The presentation will focus on how to create financial projections using a spreadsheet and common accounting knowledge, and why projections are important to show investors that all financial implications have been considered. It emphasizes that projections should be built carefully by tying assumptions and numbers to the business model and forcing discipline, and that scenario planning should examine different potential outcomes based on key metrics. Common terms are defined and how to structure projections in a profit and loss statement, balance sheet, and cash flow with assumptions is described.
Finance package is designed from SMEs perspectives.
Focus on how to make your finance work for you.
Aware the ignorance of undermind the finance needs
Grow with us!
Module 8 - Setting up finance function as start up.
Bottomline : Create checklist of what needs to be done, when, and who. Understand finance as subject and function Understand the finance activities and KPIs Identify information you need to manage and make decisions in your performance Identify the differences between a management accountant and a financial accountant Complete the daily, weekly, monthly and annual finance activities checklists You may need to do skills audit of somesort to ensure who ever you have instructing knows what to do.
Remember it really depends on the goals and objectives on what skills , experience and size of investment you want.
Here is video link https://youtu.be/MY_cmnbjsGM
Here is link for previous videos on management accounts https://youtu.be/6ExV7PvE7fA
If you need the checklists, get the finance handbook on this links https://www.makro.co.za/books/non-fiction-specialist/management-business-finance/management-business-finance/the-essential-finance-handbook-for-entrepreneurs--2nd-edition/p/29655bcc-89c2-4ff6-ba3b-9b056b18c4e9?gclid=CjwKCAjwkvWKBhB4EiwA-GHjFjcJDNJXL8e1TOD-Kgvnp6yPJkQrr3EE4CCDhSUIVrjelVhf3KC4KBoCjRoQAvD_BwE
or
https://publisher.co.za/product/the-essential-finance-handbook-for-entrepreneurs/ Focus on step 3 - compliance checklists, step 5 on roles and responsibilities and step 6 on processes and systems.
Leave us the comments Twitter: https://twitter.com/PreciousMvulane Linkedin: https://za.linkedin.com/in/precious-mvulane Facebook: https://web.facebook.com/financehandbook/
Website: https://preciousmvulane.com What's Up: https://chat.whatsapp.com/KQNZYJDV5ybLWwI0HwJmzZ
Zero to 100 - Part 7: The Role of the CEODavid Skok
Zero to 100 is a learning program from David Skok. It is a detailed instruction manual for how to take your startup from zero to $100m, with a particular focus on the area of building a go-to-market machine. So many of today’s founders come from a product or technical background, and have never been involved with sales and marketing. Right after starting their venture, they are hit with the huge problem of how to build their go-to-market organization and processes. It breaks the journey down into 9 steps, and explains why it is crucial not to skip steps in this journey in the rush to get ahead. The major emphasis of the course focuses on building a repeatable, scalable and profitable growth machine. Once you have that in place, you are ready to hit the gas and scale like crazy.
To see videos of the presentations, click here: https://www.forentrepreneurs.com/matrix-growth-academy-zero-to-100-videos/
How to Prepare to Sell or Finance your CompanyTraklight.com
You work hard building up your company to either pass onto family or sell. Maybe you are preparing for your next round of funding. Maximizing your value by discovering all your assets and managing your risk is critical. Hear from experts on how to organize and position yourself for fundraising or exit. Our speakers have been there and done that with fundraising, risk management, executive leadership and outside counsel. Learn tips and tricks from case studies to affordbly spot your risks, cover your assets, and get ready for the next level.
This slideshow covers how to go about a system selection process. Procurement of a system and managing vendors is a minefield for unsuspecting staff. This slideshow was created as part of a presentation to the ACCA Accounting professional body.
Construction Future Wales Performance Management (Benchmarking) 2016Rae Davies
Benchmarking can help companies improve performance by learning from others. Formal benchmarking involves comparing key performance indicators (KPIs) to best-in-class competitors. The Construction Futures Wales program helps companies develop KPIs across financial, customer, process, and learning/growth perspectives. Companies complete a benchmark questionnaire and have their data analyzed against similar companies to identify performance gaps and growth opportunities. The program provides benchmark reports and support to help companies improve performance over time based on objective metrics and targets.
This document discusses managing cash flow and provides tips for small business owners. It begins with an introduction to SCORE and their services. It then discusses elements of business failure and success. The main topics covered include raising capital, managing sources and uses of cash flow, dealing with cash flow problems through forecasting and operational improvements, and ensuring quality and effective hiring. Operational tips include applying lean principles, marketing strategies, and remembering that businesses need cash to survive. The document encourages attendees to seek additional help from SCORE.
This document provides an overview of the roles and responsibilities of a Chief Financial Officer based on the author's 35 years of experience as a CFO. It discusses how a CFO must deal with various stakeholders like the board of directors, CEO, operating managers, auditors, investors and regulators. Key aspects of the CFO role include building trust with stakeholders, understanding accounting and finance, communicating financial information clearly, and supporting the company's strategic goals. The CFO role is demanding but rewarding for those who can effectively balance numbers, operations and strategic responsibilities.
The document provides information for those interested in becoming an entrepreneur, outlining the pros and cons of being an entrepreneur such as the ability to be your own boss but also having no regular paycheck. It discusses options for generating business such as becoming a franchisee, purchasing an existing business, or starting your own business and offers suggestions for financing a new business venture. The document aims to help those considering entrepreneurship by sharing insights and strategies for becoming a successful business owner.
Greater Phoenix SCORE presentation on what you need to do when you are starting your own business. What entrepreneurs need to know about small business start-ups.
The document discusses lean financing strategies for startups. It begins with an introduction to lean financing, which combines bootstrapping with minimizing capital needs and dilution for founders. It then outlines the top 5 lean financing strategies: focusing on early revenues, keeping personal salaries and employee stock options low, only spending on trackable marketing, minimizing capital expenses, and optimizing the timing of financing rounds. The presentation emphasizes that lean financing can help founders maintain more ownership but should not come at the cost of missing growth opportunities.
Michael Kipp is an experienced C-level executive with over 20 years of international business experience across multiple industries. He has held roles including SVP and CFO, helping to improve P&L performance and transform companies. He has a track record of leading turnarounds through developing strategic plans, building high-performing teams, and driving sustainable profitable growth.
Cash flow management is about aligning revenue and expenses to maintain a healthy balance. If issues arise, it's best to slow down operations rather than go faster or ignore problems. Small businesses often fail due to lack of motivation or cash flow issues where revenue grows but cash balance falls. Effective cash flow management monitors monthly trends and maintains an ideal cash balance and line of credit that exceeds average monthly revenue. Both tactical short-term actions and strategic long-term planning are needed, including prioritizing bill payments, collecting receivables, reducing costs, adjusting prices and goals, and cash planning for 30 to 90 days.
This document discusses strategies for business owners to maximize their selling price when exiting their company. It covers:
- The importance of developing an exit strategy and aligning stakeholders on timing for the sale.
- Factors that influence timing, including riding high growth to maximize value versus missing the ideal window.
- A typical 6-18 month timeline for the exit process and managing CEO fatigue.
- The role of M&A advisors in leading the sale process to increase probability of success and selling price.
"Plates, Rates, and Competimates: Challenges and Choices Facing Novice Subcon...Russ Blaine
Presenting a "day in the life" of a small/novice subcontractor engaged in business with the DoD. Discussion focuses on typical challenges along with prioritization approaches, resolution advice, and available resources.
Subcontractor Best Practices and Rates: Plates, Rates "Competimates": Challe...SheneCommodore
This presentation discusses 7 business strategy tips to use for winning teaming arrangements. You will also gain a better understand of which contract terms carry the most risk in establishing best prices.
The document provides an overview of an upcoming presentation on financial projections for startups seeking funding. It introduces the two speakers and their backgrounds in finance and business valuations. The presentation will focus on how to build financial projections and why they are important for investors. It will cover objectives like demonstrating understanding of the business model and forcing due diligence. The document addresses common questions and concerns about projections and provides tips on assumptions, scenario planning, and building projections properly in a spreadsheet.
The document discusses the importance of cash flow and infrastructure for businesses. It outlines 4 stages of a company's cash flow from infrastructure creation to potential outgrowth issues. The final sections provide advice on avoiding the "danger zone" of having cash needs exceed available cash through proper planning, reporting, and focusing on sales generation rather than day-to-day operations.
If You Fail to Plan Will Your Plan Fail? by Jaroslav TrojanStartupYard
The document discusses what success means and provides advice on business planning and financial management for startups. It notes that success is not a straight line and will likely involve setbacks and challenges. It also emphasizes the importance of having milestones, securing early sales, and focusing on marketing from the beginning. Additionally, it provides guidance on creating financial plans, forecasts, and managing cash flow. The key takeaways are that success is non-linear, having milestones is critical, and properly managing finances and cash flow is important for startup success.
This document discusses long-term incentive plans and trends. It provides an overview of common long-term incentive types including real equity, cash, stock appreciation rights, restricted shares, performance units/cash bonuses, and phantom shares. It also discusses objectives for long-term incentive plans and considerations for designing plans including company context, performance measures, and emerging trends like increased emphasis on performance-based awards. Communication and administration of long-term incentive plans is also addressed.
This document provides an overview of a presentation on financial projections. It introduces the two speakers and their relevant experience. The presentation will focus on how to create financial projections using a spreadsheet and common accounting knowledge, and why projections are important to show investors that all financial implications have been considered. It emphasizes that projections should be built carefully by tying assumptions and numbers to the business model and forcing discipline, and that scenario planning should examine different potential outcomes based on key metrics. Common terms are defined and how to structure projections in a profit and loss statement, balance sheet, and cash flow with assumptions is described.
Finance package is designed from SMEs perspectives.
Focus on how to make your finance work for you.
Aware the ignorance of undermind the finance needs
Grow with us!
Module 8 - Setting up finance function as start up.
Bottomline : Create checklist of what needs to be done, when, and who. Understand finance as subject and function Understand the finance activities and KPIs Identify information you need to manage and make decisions in your performance Identify the differences between a management accountant and a financial accountant Complete the daily, weekly, monthly and annual finance activities checklists You may need to do skills audit of somesort to ensure who ever you have instructing knows what to do.
Remember it really depends on the goals and objectives on what skills , experience and size of investment you want.
Here is video link https://youtu.be/MY_cmnbjsGM
Here is link for previous videos on management accounts https://youtu.be/6ExV7PvE7fA
If you need the checklists, get the finance handbook on this links https://www.makro.co.za/books/non-fiction-specialist/management-business-finance/management-business-finance/the-essential-finance-handbook-for-entrepreneurs--2nd-edition/p/29655bcc-89c2-4ff6-ba3b-9b056b18c4e9?gclid=CjwKCAjwkvWKBhB4EiwA-GHjFjcJDNJXL8e1TOD-Kgvnp6yPJkQrr3EE4CCDhSUIVrjelVhf3KC4KBoCjRoQAvD_BwE
or
https://publisher.co.za/product/the-essential-finance-handbook-for-entrepreneurs/ Focus on step 3 - compliance checklists, step 5 on roles and responsibilities and step 6 on processes and systems.
Leave us the comments Twitter: https://twitter.com/PreciousMvulane Linkedin: https://za.linkedin.com/in/precious-mvulane Facebook: https://web.facebook.com/financehandbook/
Website: https://preciousmvulane.com What's Up: https://chat.whatsapp.com/KQNZYJDV5ybLWwI0HwJmzZ
Zero to 100 - Part 7: The Role of the CEODavid Skok
Zero to 100 is a learning program from David Skok. It is a detailed instruction manual for how to take your startup from zero to $100m, with a particular focus on the area of building a go-to-market machine. So many of today’s founders come from a product or technical background, and have never been involved with sales and marketing. Right after starting their venture, they are hit with the huge problem of how to build their go-to-market organization and processes. It breaks the journey down into 9 steps, and explains why it is crucial not to skip steps in this journey in the rush to get ahead. The major emphasis of the course focuses on building a repeatable, scalable and profitable growth machine. Once you have that in place, you are ready to hit the gas and scale like crazy.
To see videos of the presentations, click here: https://www.forentrepreneurs.com/matrix-growth-academy-zero-to-100-videos/
How to Prepare to Sell or Finance your CompanyTraklight.com
You work hard building up your company to either pass onto family or sell. Maybe you are preparing for your next round of funding. Maximizing your value by discovering all your assets and managing your risk is critical. Hear from experts on how to organize and position yourself for fundraising or exit. Our speakers have been there and done that with fundraising, risk management, executive leadership and outside counsel. Learn tips and tricks from case studies to affordbly spot your risks, cover your assets, and get ready for the next level.
Are you an FP&A Business User that is looking to improve your Planning Process by implementing purpose built software? Get a glimpse inside the decision making process while preparing for a Hyperion Planning or PBCS implementation. Join Bryan Hogan as he addresses all your Planning questions.
What are the different Plan & Forecast types and what are the benefits of each?
What do all the different Planning Buzzwords / Terms really mean for my company (for example, Driver Based Planning, Rolling Forecast, Bottoms-up Forecast, etc.)?
What different planning methodologies can be used to develop a forecast?
How low should I go? What level of planning makes sense to provide an effective management tool to help guide the business and make proactive business decisions?
What pain points am I likely to face as a planner but also as a business owner involved in the planning process?
Are there benefits to using a flexible Excel model versus a centralized planning solution
Presenter: Bryan Hogan
The document summarizes key points from a conference on anti-corruption and dealmaking in Africa. It discusses the importance of businesses for employment, stability, and tax revenue. It emphasizes the need to move from being an employee to owning businesses and passive income streams. The document provides an overview of financial freedom and outlines the cash flow quadrant model for categorizing sources of income. It stresses the importance of developing processes and systems to replace relying on oneself as a business grows.
Kelly Bodnar Battles - CFO / Quora at SaaStr Annual 2018
For many startups, figuring out when to bring on a CFO and what to look for in a candidate, is a black box. Quora CFO Kelly Battles will provide an overview of the role and outline how to identify a CFO candidate who can scale with your growth and partner effectively across your organization. Battles will share stories and lessons from her experience as a financial leader at both enterprise and consumer startups.
Seedcamp Academy - Governance for Startups: how to build and manage a BoardFirewerks
This document discusses governance for startups. It outlines why boards are important for startups, how to build an effective board, and how to manage a board. Some key points include:
- Boards provide strategic guidance, mentorship, and network connections for founders and CEOs.
- In early stages, boards typically include founders, VCs, and independent experts. Composition changes as the company grows.
- When building a board, define needed expertise and find candidates who share the company's vision.
- Managing boards well includes setting clear agendas, facilitating discussions, and following up on decisions.
- Board meetings should focus on strategic issues, not just provide updates, and last no more than 2
The document discusses key aspects of mergers and acquisitions (M&A), including the acquisition process, common reasons M&A deals fail, building an effective acquisition team, valuation methods, post-acquisition integration, dealing with human capital issues, and elements for a successful exit. It provides an overview of the M&A landscape, outlines the typical steps in the acquisition process and timeline, and identifies the top 25 reasons why M&A deals fail such as poor cultural fits, poorly managed integration, and failure to take immediate control of the acquired company.
This workshop provided an overview on writing an effective business plan. It discussed why a business plan is important, who it is for, authorship issues, what lenders and investors want to see, components of the physical plan and financial projections. The workshop encouraged participants to develop a business plan to use as a roadmap for success, educate others, avoid mistakes, and access financing. It also provided resources for developing the financials and getting feedback.
Sky rocket your financial knowledge success!Michael Barker
This document summarizes a 2-hour workshop on profit and loss accounts (P&Ls) and the differences between cash and profits. The workshop covered categories in a P&L, analyzing a P&L against budget and last year, the saying "turnover is vanity, profit is sanity, cash is reality," P&L adjustments, influencing profitability, and financial terminology. Attendees learned why cash is more important than profits, how to work more closely with finance teams, and were quizzed on key points from the workshop.
This intensive two-day program provides essential information for new and aspiring law firm partners. It covers topics such as firm structure, finance, management strategies, business planning, marketing, client relationships, and leadership skills. The program is designed to accelerate participants' understanding of their role and responsibilities as partners and help them contribute maximally to their firm's success. It will be facilitated by experienced legal and consulting professionals and provide 11 hours of CPD credits. Places are limited and more information can be obtained by contacting the listed individuals or visiting the website.
Basic business advice for those converting part time gigs into "real" business ventures. Slides are a little wordier than usual; the Podcamp Philly Version will be a little more streamlined.
The document provides guidance for startup founders and CEOs in preparing for and conducting effective board meetings. It recommends including an agenda, attendance list, board package with key business updates and metrics, discussion of challenges, and requests for board feedback and approval of decisions. The goal is to have open and honest two-way discussions to support the company's progress, while respecting the board members' role in providing oversight and accountability.
Financing Your Business: When and How to Use Debt and Equity
This presentation discusses the importance of managing debt and equity for business growth. It covers different types of debt and equity, including loans, lines of credit, stock options, and how they work. Key metrics like working capital are discussed to measure financial health. Maintaining open relationships with lenders and getting advising are recommended to plan financing strategies and prepare for different scenarios that may impact the business. Tools like financial dashboards can help track trends to keep goals on track.
This document discusses the importance of business succession planning for small businesses and family owned enterprises. It notes that 95% of businesses are family owned and they create 45% of GDP. However, only 28% have a succession plan. The document outlines the succession planning process, including defining goals for the owner, family, employees and other stakeholders. It explores different tools and techniques for succession, such as different business structures, trusts, insurance and other options. It emphasizes the importance of communication throughout the process and balancing the goals of all involved parties.
The document outlines plans to improve the FP&A (financial planning and analysis) function over the next year at a company. It discusses assessing the current state, including issues with strategic planning, budgeting, forecasting, and performance reviews. The goals for FP&A are to continually improve processes and systems, provide better visibility and understanding of business performance and strategies, and become a more valued partner to the business. The year 1 strategy focuses on beginning to improve capabilities, creating visibility into drivers and KPIs, partnering with business leaders, and supporting strategy tracking.
How to Shift Your Company into High Gear! - WelchGroup ConsultingWelch LLP
On October 2nd, 2013, WelchGroup Consulting presented the top 5 red flags that business owners and senior executives face today.
To watch the full presentation and walk away with fantastic strategies & tactics to shift your company into high gear, visit our event page: http://bit.ly/H1ZxbP
Proprietorship, Private Ltd. LLP or Partnership..?? Anjana Vivek
Multiple options are there starting a venture, for example: Sole Proprietorship, Partnership, Limited Liability Partnership (LLP ), One Person Company (OPC), Private Limited etc. What is the right one for you? Here are some tips to help you decide on what may suit you.
Stop thinking and start podcasting feat. HubSpot's Matthew BrownJaxzenMarketing
Podcasts are exploding. In only the last few years, they’ve become one of the fastest growing media channels. But it’s not too late for you to get into the podcast game. This presentation will give you the context behind why your organization should dip its proverbial toe into the podcast waters, and help get you on your way to becoming the next Ira Glass. He’s a big deal... in audio. Thanks to HubSpot's Matthew Brown for being our guest speaker at the Albuquerque HubSpot User Group!
Inbound 2018 Recap: Product Design and Email AutomationJaxzenMarketing
The document provides information about an upcoming HubSpot user group meeting in Austin, Texas. It includes an agenda for the meeting with times and topics, introduces the two speakers who will discuss inbound marketing best practices and email automation, encourages joining a Facebook group for Austin HubSpot marketers, and requests feedback through a post-meeting survey.
Creating Campaigns that Convert- Albuquerque HubSpot User GroupsJaxzenMarketing
At the HubSpot User Group meetup in Albuquerque, we talked about how to build better campaigns, capture high-quality leads, and promote your content effectively. We also shared some examples from our own campaigns, asked questions, and talked about how to get the most out of the different aspects of HubSpot.
This document discusses the rise of messaging and chatbots for marketing purposes. It notes that messaging platforms now have over 4 billion users, more than social networks, and consumers increasingly want to message businesses directly. The document advises identifying the biggest opportunities for chatbots, such as addressing frequent questions or supporting predictable customer processes. It argues chatbots can fuel business growth by improving customer happiness and providing 24/7 support. Finally, it provides tips for getting started with chatbots, like adding messaging buttons or using free bot tools.
The document provides an overview of sales enablement from Kyle Jepson of Hubspot. It defines sales enablement, discusses the importance of marketing-driven sales enablement including lead qualification matrices and service level agreements. It also covers how marketing can create sales-focused content and strategic support, and how a company-wide approach to sales enablement can expand beyond just sales and marketing.
The document provides information about using Facebook for inbound marketing in 2018. It discusses hosting a local HubSpot user group meeting with lunch, creating a Facebook group to share tips more regularly, and an upcoming presentation on using Facebook ads with HubSpot. The presentation overview includes information on Facebook in 2018, how to get started with Facebook ads in HubSpot, advanced Facebook ad techniques, and new ideas to explore. It then details how to set up lead ads, use audiences and lookalike audiences, and key performance indicators to measure ad campaigns. More advanced strategies are covered like using audiences across multiple offers in a funnel. Retargeting, synced audiences, and case study ads are also suggested. The document concludes with a discussion of measuring
Tune up your sales and marketing alignment goalsJaxzenMarketing
How do you achieve marketing and sales alignment goals and how do you maintain a healthy relationship betweens those teams in a growing company? Adam Singh has helped multiple companies work toward marketing and sales alignment. Today, he shares his experience and tips from what's he learned along the way.
Learn how to recruit, hire and develop top inbound marketing talent with special guest speaker Brad Voeller of Digital Creative Institute. The #1 challenge for executing effective inbound campaigns is actually not technology, but talent. Learn how to build an inbound recruiting funnel, rigorously vet candidates, and proactively develop key skills. Get equipped with resources and tools to build your own highly effective talent recruitment and development system.
Facebook Ads: Your Inbound Marketing Program's Secret WeaponJaxzenMarketing
Who ever thought ads could be part of inbound marketing? Learn how to use social advertising like Facebook ads to help and engage users at every stage of the buyer's journey.
HubSpot's David Weinhaus gave a special presentation to the Austin HubSpot User Group on how marketing can use simple sales enablement solutions to give sales the support they need.
Keeping it in sync: how to plan your next HubSpot integrationJaxzenMarketing
Austin HUG member, Nina Hendricks of TruJay Group, shares tips on when and why to consider using integrations for your business, best practices for implementing a new integration, and some interesting use cases she's seen with HubSpot integrations for inbound marketing and sales teams.
How to Recharge Your Inbound Marketing Content Strategy for 2017JaxzenMarketing
Improve and refine your inbound marketing content strategy in 2017. Parker from Jaxzen Marketing Strategies shares some key best practices to help you reach your marketing goals this year and how to use HubSpot to help make that happen. In the presentation, you will learn how to: create useful content, help your audience find you, set targets that help your marketing and sales teams reach their goals, and measure the success of your marketing efforts.
This month, we had a very special Austin HUG meet-up on the BEST of Inbound 2016 with featured guest Ari Plaut, Product Marketing Manager at HubSpot. Ari shared some of the latest HubSpot product releases from Inbound 2016 and shared other great inbound marketing insights including lead generation tips and tricks.
HubSpot Integration Lightning Talks - September 2016 Austin HubSpot User GroupJaxzenMarketing
One of the best things about HubSpot is how it can be used to integrate with so many other marketing tools. And we had the chance to hear from our community about different things people integrated into HubSpot to make their marketing amazing! This month, we had a lightning talk- style meetup where people shared about different services they've integrated into HubSpot to make their marketing more effective. HubSpot integrations included SnapEngage, Interact, Beacon, SurveyMonkey, and more!
The document provides an agenda for a marketing event hosted by the HubSpot User Group (HUG) in Austin. The presentation portion will focus on taking landing pages to the next level by converting more visitors, moving leads through the funnel more quickly, collecting more information, and celebrating successes. Some key tips discussed include demonstrating more value upfront with content samples, incorporating secondary offers and lead nurturing, and using smart forms to qualify prospects and pass more useful information to sales.
Best Practices for Sales and Marketing Alignment: Working for the Same TeamJaxzenMarketing
This document outlines 4 steps to aligning sales and marketing: 1) Standardize funnel stages like marketing qualified leads (MQLs), 2) Formalize commitments to shared revenue goals, 3) Generate daily dashboards and monthly reports on metrics, and 4) Hold weekly sales/marketing meetings and monthly management meetings to review metrics and plans. Taking these steps with clear expectations, monitoring of progress, and regular communication can help sales and marketing work as a single revenue-generating team.
Building HubSpot's Marketing Team: A Journey Through the YearsJaxzenMarketing
HubSpot veteran and Director of Team Development, Rebecca Corliss joins the Austin HubSpot User Group for a special event! She takes us on a journey of building HubSpot's marketing team through the years and gives insights on developing your own marketing team.
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Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
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The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
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AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
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NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
Tired of chasing down expiring contracts and drowning in paperwork? Mastering contract management can significantly enhance your business efficiency and productivity. This guide unveils expert secrets to streamline your contract management process. Learn how to save time, minimize risk, and achieve effortless contract management.
Efficient PHP Development Solutions for Dynamic Web ApplicationsHarwinder Singh
Unlock the full potential of your web projects with our expert PHP development solutions. From robust backend systems to dynamic front-end interfaces, we deliver scalable, secure, and high-performance applications tailored to your needs. Trust our skilled team to transform your ideas into reality with custom PHP programming, ensuring seamless functionality and a superior user experience.
3. Objectives for Today
• Identify scenarios that will alert you when you are not receiving financial
information in a timely fashion
• Practices your CFO/CPA should provide you
• How to set and reach your financial goals
4. Your Financial Goals
• What do you want to accomplish?
• What is important to you?
• What is your risk tolerance?
• How long do you plan to be in this business?
• Hit and Quit
• Short Range – Long Term
• 100 Year Company
• Legacy Builder
5. What is a Chief Executive Officer (CEO)
• Highest ranking executive in a company
• Primary responsibilities:
• Major corporate decisions
• Overall operations and resources of the company
• Main point of communication between board of directors and
corporate operations
• Public face of the company
• Often has a position on the board – sometimes even the chair
• Small company – CEO is a hands on role
• Makes most of the business decisions
• Lower level business decisions (example: hiring staff)
6.
7. Red Flag Scenarios
• Closing of books > 10 days
• Avg. closing time = 5.2 days
• Monthly financial statements delivered late
• February statements delivered in April
• Financial statements sent without analysis of or comparison to
budgets, YOY amounts, industry standards
• Questions go unanswered for days/weeks
• CFO/CPA/Bookkeeper should be an accountability partner
8. Provided to You
• Action items to be completed
• What to expect in the monthly financial statement package
• Analysis of the financial package
• Timeline
• Day the books will be closed (monthly)
• Scheduled meetings to discuss information
9. Reaching Your Financial Goals
• Learn the business of the business
• Educate yourself
• Hire from the bottom up
• Think of the business from the bottom up
• Perceive employees as Profit Drivers, not Cost
Centers
• High people with a high ceiling and a low
floor
• KISS
• Keep It Simple Silly
10. Learn the Business of the Business
• Legal Structure
• LLC
• Partnership
• S-Corporation
• Budgeting
• Bottom up budgeting
• Financial Statements
• What they are
• Why they’re important
• Cash vs Accrual Basis
11. Hire from the Bottom Up
• Sales
• IT
• Bookkeeping Services
• Banker
• CPA
• Receptionist
12. Cost Center or Profit Driver?
• Sales
• IT
• Bookkeeping Services
• Banker
• CPA
• Receptionist