Overview
A budget is an essential financial management tool for small business owners. It can help you to outline your goals and, track and measure your financial performance, ultimately leading to your ability to make confident financial decisions. Learn how to prepare a budget, extrapolating prior year numbers, pro-rate numbers and deducing numbers from the assumptions provided.
In this workshop you will:
- Use a case study to complete a budgeting exercise.
- Consider historic trends and future assumptions to build a budget.
- Explore different approaches to budgeting.
- Discuss potential issues when budgeting.
- Learn how to review and reforecast.
This workshop uses the Colour Accounting Learning System as licensed from Wealthvox. Please bring a calculator, pen and notepad to your workshop session. Online attendees will need to print the materials (located in the virtual event hub) prior to the workshop commencing.
Main topics covered
- Understanding the importance of the budget process, key drivers and assumptions for your budget.
- Practical tips for improving the budget process in your business.
- Building your confidence to make informed financial decisions that steer you towards better outcomes and increased profitability.
Who it’s for
This workshop is for business owners with some budgeting experience and that understand and work with financials.
About the presenter
DHM Coaching and Consulting helps business owners make better informed decisions by building their understanding and confidence around the financials of their business. Facilitator, Debbie Millard, has a reputation for being able to explain accounting concepts in plain language making it easier to understand by those with a non-finance background.
Cost
$20
This workshop is offered at a reduced cost thanks to substantial funding from the Government of Western Australia.
What's included
- Access to the live workshop
- Copies of any resources shared with attendees
When and where
Click on the book now button for more details about this workshop.
