Overview:

Even when times are good, it is necessary to know how your business is doing financially. In the current economic climate that businesses are facing, it is even more important to be able to see how these challenges may affect your business and how to react to them.

In this session, we will reflect and explore the following questions to ask yourself as a key member of your company:

Are we as profitable as we can be?

What areas of our income statement should we focus on?

How do we know if there is a problem in collecting amounts owed from customers?

How do we measure if our inventory is being managed effectively?

What is our break-even point ( i.e., what level of sales do we need to cover our costs and expenses?

We will then explore how to go about making informed decisions and recommendations based on your answers to these questions.