Overview:
Even when times are good, it is necessary to know how your enterprise 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 enterprise 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 firm:
Are we as profitable as we can be?
What areas of our earnings 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 expenditures?
We will then explore how to go about making informed decisions and recommendations based on your answers to these questions.
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