About this Event
Demystify your financial statements and transform them into your most powerful management dashboard. This lab is for owners who know they need to understand the numbers but aren't sure where to start. We break down the Profit & Loss statement and balance sheet into plain language, focusing on the key ratios that truly indicate business health, like Gross Margin and Net Profit Margin. You will learn to extract actionable insights—not just historical facts—to inform pricing, control costs, and evaluate profitability. Leave empowered to have confident financial conversations and make data-driven decisions that directly improve your bottom line.
- Who Should Attend: Owners who dread financials, make decisions based only on bank balance, and want to understand P&L, balance sheet, and key ratios.
- Improves: Financial literacy, pricing confidence, investment decision quality, and profitability analysis.
- Value Location: Profit & Loss statement, balance sheet, and key financial metrics (Gross Margin, Net Profit, etc.).
- Why It Works: Demystifies financial statements, turning them into actionable dashboards for management.
- Implementation: Learn to calculate and monitor 2-3 key performance indicators (KPIs). Next steps: Institute a monthly financial review using these KPIs.
- Evidence-Based Source:
- Journal of Small Business Management: "The Impact of Financial Literacy on Firm Performance" links owner financial literacy to improved firm performance and survival.
Lab Focus:
- Understand key financial statements
- Cash flow vs. profit analysis
- Decision scenarios (pricing, expenses, hiring)
Participant Deliverable:
✔ Personalized financial decision dashboard
Event Venue & Nearby Stays
Lexo Executive Suites, 5200 Northwest 33rd Avenue, Fort Lauderdale, United States
USD 287.41
