Profit Mastery: Creating Value and Building Wealth

Profit Mastery Workshop Series

at Pinellas County Economic Development, 13805 58^th Street N, Suite 1-200, Clearwater FL 33760

Learn the role of financial statements in guiding your business growth and gain the knowledge and skills you need to help your business achieve financial success! Profit Mastery is a user-friendly,16-hour advanced training series that teaches you how to manage a company from financial reports. No previous knowledge of finance or accounting is required but this course is best suited for experienced entrepreneurs and existing business owners willing to commit to two 4-hour, in person sessions, and another 8 hours of online training that will be assigned after your registration. The in-person class sessions will be held on 30 November and December 7th from 9:00 AM to 1:00 PM at Pinellas County Economic Development.

To register at no charge, please visit: https://lp.constantcontactpages.com/ev/reg/jvym3ka/lp/da6197e2-7380-4c51-b129-3b7da56fbbd3

More information about Profit Mastery is also provided below:

Profit Mastery:

Creating Value and Building Wealth

Driving financial performance in your business — for many business owners, it’s their Achilles heel.  Profit Mastery, a Seattle-based e-Learning company, has been successfully providing business owners, key managers, and those who advise them with the information and tools that can move attendees from Profit Mystery to Profit Mastery.  Using case studies and a down-to-earth style — with just a bit of humor and a touch of motivation — this program includes all the material from their internationally-acclaimed 16-hour program.  The presentation will be facilitated by a certified Florida SBDC at USF consultant who has been trained by Profit Mastery to guide you through this remarkably powerful program.  You will never look at your financial statements in the same way!

Profit Mastery Course Outline:

SECTION 1:  PROFIT MASTERY INTRODUCTION

Seven Steps to Building Value

Errors and Omissions Check list

Biz FIT assessment

SECTION 2:  FINANCIAL POSITION

Evaluate Financial Performance using ratios

Using the Scorecard and Road Map

Complete a Profit Mastery Assessment

Case Study and Practical Application

SECTION 3: PRICE – VOLUME – COSTS

Understanding Breakeven Analysis

Using Your Income Statement as a Management Tool

Understanding the Impacts of Changes in Price Volume and Costs

Case Study and Practical Application

SECTION 4:  CASH FLOW

Create a projected income statement and related cash budget

Forecasting the Future

Projecting Seasonality in a Business

Apply Management Efficiencies to your forecast

Case Study and Practical Application

SECTION 5: MANAGE GROWTH

Calculating “Financial Gap”

Sustainable Growth Rate

Case Study and Practical Application

Section 6:  BANKS AND TRANSITION

Dealing with Banks & Bankers

Alternate Sources of Funds

Planning for Business Transition