Pace 2009 Effective Financial Management

Effective Financial Management Best Business Practices for a Profitable and Sustainable Business Presented by Advisors On Target

What we will cover today… ,[object Object],[object Object],[object Object],[object Object],[object Object]

On the road to becoming an ON TARGET Painting Contractor…

Financial Management Best Practice Guide ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Rewards of being “On Target” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Effective Financial Management Key Financial Data For Business Survival

3 Key Financial Indicators Of Your Business’ State Of Health ,[object Object],[object Object],[object Object],[object Object],[object Object]

Indicator 1: Profit Margins ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

How To Calculate Profit Margins ,[object Object],[object Object],[object Object],[object Object]

Improving The Gross Profit Margin ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What else affects Direct Labor Costs? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Improving The Net Profit Margin ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

BEST PRACTICE GUIDE : Gross Profit % ,[object Object],[object Object],[object Object],[object Object],[object Object]

BEST PRACTICE GUIDE : Net Operating Profit %** ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The three “Is it” s of measurement ,[object Object],[object Object],[object Object]

Indicator 2: Cash Flow Obtain Cash Purchase Materials Bid & Sell Contract Complete Project

Improving Cash Flow ,[object Object],[object Object],[object Object]

Financial Result - Profit And Cash Flow

BEST PRACTICE GUIDE : Cash Flow ,[object Object],[object Object],[object Object],[object Object],[object Object]

Indicator 3: Return On Investment ,[object Object],[object Object],[object Object]

BEST PRACTICE GUIDE : ROI ,[object Object],[object Object],[object Object],[object Object]

Key Metrics: Other Important Financial Data to Watch ,[object Object],[object Object],[object Object],[object Object]

BEST PRACTICE GUIDE : Liquidity Ratios ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

BEST PRACTICE GUIDE : Debt Ratios ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

BEST PRACTICE GUIDE : Days Sales Outstanding (Collections) ,[object Object],[object Object],[object Object],[object Object]

BEST PRACTICE GUIDE : Breakeven Sales ,[object Object],[object Object],[object Object],[object Object]

BEST PRACTICE GUIDE : Cash in Bank – Ideal ,[object Object],[object Object],[object Object],[object Object],[object Object]

Profit Improvement Strategies: How to Make More Money

Drilling Down Into Profit Improvement Planning: Understand The Components Of Sales Revenue ,[object Object],[object Object],[object Object],[object Object],[object Object]

How To Increase Total Sales Revenue ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Key Profit Drivers ,[object Object],[object Object],[object Object],[object Object],[object Object]

Profit Improvement Strategies ,[object Object],[object Object],[object Object],The key is to understand the likely outcomes of each strategy. Proper planning allows you to work through each potential scenario and reduce business and financial risk.

Here’s What You Need To Do ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Create a Budget to achieve your Profit Plan

Get to know your numbers ,[object Object],[object Object],[object Object],[object Object]

The Budgeting Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Re-evaluate all components ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Revenue Target Marketing Plan Hours Labor Cost Profit Target Other Expenses

Monitor your Progress ,[object Object],[object Object],[object Object],[object Object]

Monitor Monthly*: Review & Analyze ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Thank you for attending! See us at the Trade Show Booth # 924 ,[object Object],[object Object],[object Object],[object Object],[object Object]

Pace 2009 Effective Financial Management

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Pace 2009 Effective Financial Management