More about Financial Seminars
Taking these seminars will give you the ability to adjust your income statement to reflect information gathering geared towards internal business decision making.
This change does not mean that you are not still gathering the information you need for tax purposes, you are simply changing its presentation.
As a side note, you can actually create an internal financial analysis system independent of the accounting system and that is strictly for business management and decisions.
The information that you will be learning, is to be treated as HIGHLY confidential. WHY?
We will be providing you with information that can dramatically increase your odds of success, that can increase your profitability, that can increase you longevity, that can give you the confidence you need as a leader, that can make you very "COMPETITIVE".
What we teach you, you should not share!
We have trained companies generating hundreds of millions of dollars in revenue and we have charged them hundreds of thousands of dollars for this information. You can bet that they will not and do not share this.
Seminar 3 How to Develop a Pricing Strategy.
In small business, pricing is done using many different strategies.
They include using the suggested Manufacturers Retail Selling Price; the "I price the way my father taught me" method; or the method of pricing based on cost and then marking it up with included many contingency percentages to cover anticipated and unexpected "contingency" expenses.
These strategies are actually "best" guesses with a little hope tossed in- "I sure hope its right".
But these strategies are not effective because there is a lack of financial knowledge or financial training.
And also because the income statement isn't generally structured to provide the relevant information needed for pricing.
Attendee will comprehend how to calculate a selling price for products or services based on the cost of doing business
Attendee will learn how to implement a pricing strategy that incorporates pre-determined profitability
It will be two (2) hours in length
For an additional $100.00, you will be entitled to a 1 hour one on one personal time with the instructor.
The financial work that you have completed to-date as we will be extrapolating from that information.
A calculator (if you are not working with excel), pen and paper.
If you are a non-profit and have no revenue generated from a service or a product line, you are welcome to move to the next seminar, BREAKEVEN ANALYSIS
Remember: you must take Seminar 1, and 2 before you can take this seminar.