Financial Management 101 with Davidson Institute…

OK… so, you know when you go along to a course and on the way there you start to think “I probably already know most of this stuff, why am I going exactly? Haven’t I better ways of spending my time?… but once attended, you end up being most pleasantly surprised!

That’s what happened to me over the last 2 days, having spent them with Lisa Gissing of the Davidson Institute doing Financial Management 101.

Here’s what it says the course teaches you:

  • what drives cash flow and profit
  • what financial statements can really tell you,
  • how to use your financial information to your advantage every day.

Here’s what it did for me (thank you Lisa):

  • took the jargon out of the above, using every day terms instead
  • introduced a couple of key questions, well worth answering
  • showed how the answers make the call-to-action obvious

Regardless of how long you’ve been in business, I encourage you to seriously consider attending the next one. Who knew numbers could tell you so much!

“A must for business owners and management staff alike.”

If you’re in Organisational Development, then read “Company” by Max Barry

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Having read this 2007 novel, it has so reminded me of corporate organisational life as I recall it. The description of the relationships within the company are so eloquently described that the stories have taken me back to my time in the corporate world. Rather enjoyable now that I’m nowhere near the buildings that were.

“So funny that it’s serious. No cubicle should be without a copy.” Gideon Haigh

…a typical company. Or at least that’s what everyone thinks, until fresh-faced employee Jones – too new to understand that you just don’t ask certain questions… a biting, incisive and delightful satire of corporate culture.

High recommended, if organisational development is your thing….

TEMpting; how Business Buyers and Sellers have been tempted this week…

How Saleable is Your Business?
What are you waiting for? GET YOUR SCORE…

[If any of the following tickle your fancy, please contact me by emailing sell@theentrepreneurialmother.com letting me know which one it is…]

BS9 = Specialist Leadership and Talent Management Provider

Completed Sellability Score.
Looking to a 2013-14 kick off, getting all ducks in a row in the meantime.
*
BS14 Leading Book Supplier
Completed Sellability Score
Financials received, more to come. Waiting on EOFYnumbers
*

GET YOUR SCORE…
*
BS23 Health and Well Being Studio
engagement locked in
FOR SALE – heads of agreement stage

*
BS26 Professional Services
Completed Sellability Score
“Business Planning; in Reverse!” session conducted, decision due end of July.
*
BS28 Manufacturer
Completed Sellability Score
Stage 3 process in play – waiting on EOFY numbers
*
BS29 Accountancy
Referral, greatly appreciated. First meeting postponed to August.
*
BS30 Online Business
Completed Sellability Score
Had started down process, but stalled…now back on track. Time to go to market.
FOR SALE
*
*
BS34 Online Business
Via Webinar
Authority signed, marketing campaign good to go
FOR SALE
*
BS36 Graphic Designer
via LinkedIN
Invited to complete the Sellability Score by way of getting the process started – ON HOLD
*
BS37 Cleaners
referral, great appreciated
!st chat determined way forward. Waiting on EOFY numbers.
Invited to complete Sellability Score
*
BS39 Online Business
!st chat completed.
Invited to complete Sellability Score
*
*
BS40 Online Giftware
1st chat completed. Stage 2 – Waiting on end-of-year financials.
Invited to complete Sellability Score
*
BS41 Online and Speciality Retailer
1st chat completed. Not looking to sell yet, but starting with the end in mind.
Invited to complete Sellability Score
*
BS42 Established Giftware
1st chat completed. Stage 2 – Waiting on EOFY numbers.
*
*
The “Sellability Score” reports continue to dribble in each and every week.
More calls to make as a result and more emails to send 🙂
Onwards and Upwards!

TEMpting; how Business Buyers and Sellers have been tempted this week…

How Saleable is Your Business?
What are you waiting for? GET YOUR SCORE…

[If any of the following tickle your fancy, please contact me by emailing sell@theentrepreneurialmother.com letting me know which one it is…]

BS9 = Specialist Leadership and Talent Management Provider

Completed Sellability Score.
Looking to a 2013-14 kick off, getting all ducks in a row in the meantime.
*
BS14 Leading Book Supplier
Completed Sellability Score
Financials received, more to come. Currently going through refinancing dramas!
*

GET YOUR SCORE…
*
BS23 Health and Well Being Studio
engagement locked in
FOR SALE

*
BS26 Professional Services
Completed Sellability Score
“Business Planning; in Reverse!” session conducted, decision due end of July.
*
BS28 Manufacturer
Completed Sellability Score
Stage 3 process in play – waiting on end-of-financial-year numbers
*
BS29 Accountancy
Referral, greatly appreciated. First meeting postponed to August.
*
BS30 Online Business
Completed Sellability Score
Had started down process, but stalled…now back on track. Time to go to market.
FOR SALE
*
*
BS34 Online Business
Via Webinar
Authority signed, marketing campaign good to go
FOR SALE
*
BS36 Graphic Designer
via LinkedIN
Invited to complete the Sellability Score by way of getting the process started

ON HOLD

*
BS37 Cleaners
referral, great appreciated
!st chat determined way forward. Waiting on end-of-year financials. Invited to complete Sellability Score
*
BS39 Online Business
!st chat had Monday. Invited to complete Sellability Score
*
*
BS40 Online Giftware
1st chat completed. Stage 2 – Waiting on end-of-year financials. Invited to complete Sellability Score
*
BS41 Online and Speciality Retailer
1st chat completed. Not looking to sell yet, but starting with the end in mind. Invited to complete Sellability Score
*
BS40 Established Giftware
1st chat booked. Stage 2 – Waiting on end-of-year financials.
*
*
The “Sellability Score” reports continue to dribble in each and every week.
More calls to make as a result and more emails to send 🙂
Onwards and Upwards!

Very Excited to be Westpac Ruby Connection W@W of the Month…

RubyConnectionW@W Denise Hall

Smart ways out – starting with the end in mind can make a real difference to your bottom line, says business strategist Denise Hall. “

This is how the piece about me is introduced in the latest Westpac Ruby Connection enewsletter starts, and it goes on to say…

“We discuss the business lifecycle and we talk about start-up and growth. Maybe, we get a few tips about exiting the business. In my opinion finishing unfinished business – starting with the end in mind – deserves the same consideration as birth and growth or you risk losing out or even packing it away, without satisfaction,” says Denise.

I haven’t figured out why, yet, but very few business owners regard their business as an asset,” Denise continues.

A ‘sellability score’, helping you tick off the boxes around what buyers look for in a business can be a very helpful tool and it’s one that Denise has accessed, for anyone to use. The take-home message for sellers: buyers buy profit not potential.

Very pleased and excited that the message of “Finishing Unfinished Business” and even as importantly, the notion of building a business as an asset is slowly but surely getting out there. Clearly Westpac and the Ruby Connection see it as a topic worth sharing.

Even better to see this int he same publication as the launch this years 100 Women of Influence Awards. I’ll be curious to see how many of them are business owners who have built an asset, way larger than they had initially thought… time will tell

 

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