LBT-411 Advanced Financial Strategies for Peace of Mind
The money is what really matters. Managing the money is the difference between enjoying your role as an owner or manager and struggling to make ends meet. You don’t need to be an accountant. You need to understand the realities of what really affects your profits. Those same realities give you the ability to make decisions for your business based on current and projected financial performance.
The money is what really matters. Managing the money is the difference between enjoying your role as an owner or manager and struggling to make ends meet. You don’t need to be an accountant. You need to understand the realities of what really affects your profits. Those same realities give you the ability to make decisions for your business based on current and projected financial performance.
Topics Covered:
Understanding the Profit and Loss statement
Properly pricing labor and parts sales
Staff efficiency and productivity
Key Performance Indicators – the numbers you need to monitor and the frequency they should be checked
Budgets for forecasting sales and managing expenses