4220 Shawnee Mission Parkway. Suite 350B. Fairway
KS 66205
For existing entrepreneurs to learn to track appropriate metrics that will allow them to take action, and enable Growth.
Cash Is King: Identifying Key Financial Drivers, a three-hour interactive workshop that lets participants learn how planning helps to unlock cash at every stage of the business, and how each participant’s own decisions affects cash flow and working capital.
The session will also introduce the concept of KPDs. By definition, KPD metrics measure aspects of the business process or value stream that directly affect results or outcomes. If KPDs are actionable and monitored in a timely manner, they can be used to make operational decisions and drive actions that can positively impact business outcomes.
Facilitated by a certified FastTrac Facilitator, the workshop guides participants through a process of concept introduction, facilitated simulation, and application to their own business.
In a Cash Is King: Identifying Key Financial Drivers workshop, participants:
Examine the importance (and cost) of cash
Understand the difference between profit and cash and why you should care
Formulate your businesses cash conversion cycle
Learn what KPDs are and why they are important
Identify what KPDs are critical to their business, to assist in reaching business goals
Understand how KPDs impact KPIs (Key Performance Indicators)
Understand what is relevant (and what is not) when using metrics
Discuss ways to improve profitability and financial performance
* This course assumes the participant can read and understand financial statements.