Financial Management for Business Owners (FiMBO) Training

07 March 2022 - Elizabeth O'Hanlon

Want to grow your business? But need to develop your financial knowledge? Our 12-week training programme has been designed for you!

One of the primary reasons businesses fail, or don’t to achieve their full potential, is due to a lack of financial or managerial knowledge. So we’ve designed a 12-week training course specifically for ambitious business owners who want to maximise their business success to not only survive, but to thrive, grow and prepare their exit strategies.

How will the sessions be run?

We have scheduled the start dates for the rest of the year.

The first cohort of 2022 will start on Tuesday 7 June from 8am. These hour-long webinars will be hosted on Zoom and run for 12 consecutive weeks.

Who will be speaking?

The sessions will be run by qualified and experienced advisers within our business. They will present to you and give you plenty of time to ask questions.

What will be covered?

Over the course of the 12-weeks you’ll:

  • Discover why businesses don’t reach their full potential and how to avoid repeating the mistakes made by others
  • Find out how small incremental improvements compound and deliver growth
  • Learn the most important drivers for business growth, and how to quickly improve them

How much does it cost?

The cost to attend all sessions is £588.00 + VAT per person, which we believe is excellent value of under £50 per webinar.

We’re convinced that you’ll find the sessions valuable, so we offer a 100% money back guarantee. If you attend the first 4 workshops and you’re not convinced you are going to enjoy a positive ROI by implementing the suggested (low and no cost), strategies, simply let us know. Tell us what you feel the FiBMO programme is worth for your business and that is all you pay, so if you feel it is worth nothing, that is what you pay.

How do I book my place?

To book your place, please follow the registration link.

Interested in attending the events but can’t make these dates?

We’ll be running the 12-week training course again soon, just send us an email and we’ll let you know as soon as the next dates are confirmed.

Got a question?

Please feel free to contact our Events team who will happily answer any questions you have.

We look forward to welcoming you soon!

Find out more about the course syllabus:

1. How to grow your business

Discover how small improvements in business growth drivers can quickly build up to deliver improvements to profits and equity value.

2. Business Growth Drivers

Find out how and why focusing on Business Growth Drivers is necessary for effective management, profitability and increasing the value of your business.

3. Quick Win Cash Strategies

Identify some of the ways to generate cash, make savings and improve Return on Investment (ROI).

4. Improving Cash Flow

Managing cash in your business is like keeping a person breathing. If there’s no oxygen, the patient can’t survive, and if there’s no cash it’s the same in the business, it’s finished.

5. Rapid Profits Strategies

Before embarking on increasing sales, it is crucial to ensure margins are optimised. The easiest way to increase profit and cash returns is to optimise gross margins.

6. Customer Retention

How much attention do you give to existing customers? Maximising engagement and improving customer satisfaction results in improved retention, increased sales and more referrals.

7. Gap Analysis / Cross Selling

Creating a joined-up marketing strategy to sell across all divisions can improve business sales by as much as forty percent.

8. Transaction No. and Value

These KPI’s are important because once understood, it is possible to identify where changes to sales strategies can be made.

9. Customer Acquisition

Having worked to maximise sales and profit from existing customers, the next step is to calculate the gap left to be filled by lead generation x conversion, and hence new customer acquisition.

10. Know your Number

Step back and examine your motivation for running your business. Are you working longer than you need to? Will you have enough equity value in your business to live the life you desire?

11. Becoming Exit Ready

90% of businesses are unsellable, only 2% sell but less than 5% of those that do sell achieve their asking price. Make sure you can exit on ‘your’ terms and your time scale.

12. Performance vs Plan

With all the planning done, prepare your 5 Year 3 Way forecast and regularly report ‘Performance vs Plan’ to systematically grow your business.

Get in touch for forward-thinking, impartial advice

With offices in Cambridge, Colchester, Diss and Ipswich, we’re close enough for personal meetings with clients from anywhere across the East of England. Got something on your mind? We’ll be happy to listen and give you our thoughts.

Call us on 0330 058 6559
Email us at hello@scruttonbland.co.uk

Get in touch