Goals
The entrepreneur knows the most important financial tools for his business and can make use of them. He/she learns to optimize his/her production with the help of budget and actual figures. He/she is aware of the importance of depreciation and provision. During the seminar the entrepreneur develops a personal management-cockpit.
Content
- Financial management as an instrument of leadership
- Significance of money in the company and the entrepreneur’s responsibility
- Basic concepts of accounting
- Business finances: financial planning, income statement, balance sheet, investment budget, liquidity plan
- Important financial key figures, factors involved
- Depreciation and provision
- Calculation of the break-even (costs of productions/ profit-making and loss-making zones)
- How to determine the appropriate market price
- Introduction to the most important types of calculus: price calculations, costs of production, cost components, preliminary costing/offer, post calculation
- Handling of the most important business ratios.
- Introduction and development of a personal business-cockpit which can be used in the company as a leadership tool
Method: Theoretical part, group work
Duration: 4 Days
Price: xx US
Attendees: Open to all interested parties
Food & Beverage: included