Know your numbers – turning goals into reality
Your agency will live or die based on the financial performance. Harsh but true.
It is SOoooo important that you know your financials, the difference between profit and cash, how to forecast and what key numbers to track.
This is the Action Based Learning focus for March.
For our members all the knowledge videos are now live in the portal.
What is cash flow and why is it vital
Why you need to focus on cash
Improving your cash flow
Easy ways to monitor your cash
Understanding Profit V Cash
Difference between profitability and cash flow
Biggest misconception about growth and cash
What is Financial planning – turning business goals into numbers
What’s a financial plan
Benefits for financial planning – for you and your team
Key components and principles of a financial plan
Financial KPIs for thriving agency
5 most crucial financial metrics to track in your agency
What are the industry standards and how to achieve them
Model P&L – high-level profit and loss account example for an agency
Agency performance dashboard example
Financial Plan template – an introduction
Instruction video on how to complete the financial plan template.
This month’s focus covers the importance of agency financial management, responsible financial practices, planning, and crucial metrics to track for success (including cash flow, profitability, and productivity).
Participants will learn how to monitor and improve cash flow, create financial plans, and utilise financial KPIs to grow their agency.
This month’s knowledge focus is with our Finance Partner Agnieszka Wojciechowska who is brilliant when it comes to Agency Finances. It will teach you how to turn those goals into a reality.
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