Module 3 focuses on three core areas:
- Opportunities and risks which are within the control of owner/managers and must be addressed by the intelligent fine-tuning of your core business model.
- Risks associated with the trading environment and assets of your business which need to be mitigated through appropriate insurance and indemnities.
- Understanding the importance of exit strategies in business
In this module you will learn how to systematically fine-tune your business/financial model to deliver the best sustainable plan for your business. It will enable you to make informed responses to the opportunities and threats facing your business*. Module 3 leads you through a systematic process of profit and cash flow improvement using a modelling application to test the process in realistic financial/business simulations. It explores risk mitigation, exit strategies and provides valuable insights into how your business will be assessed by advisers, investors and lenders.
*Difficult-to-anticipate threats from external influences/events (political, economic, social, technological, legal and environmental changes) are addressed in detail in Modules 1)
3 is divided into 6 units
1 – Introduction and module overview
2 – How to generate profit
3 – How not to run out of cash
4 – Using ratio analysis
5 - Mitigating risk
6 – Exit Strategies
Furthermore, there are templates to download which will help capture and organise useful information for your business plans and forecasts.
Duration of the module: approximately 180 minutes