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Business Acumen

Duration: 1 day
Course Price: $450

Business Acumen is to assist business leaders explore and implement techniques and ideas for transforming a compelling organizational vision into actionable strategy. This course will help you develop compelling business strategies to increase customer and client satisfaction, profit, and staff motivation.

Learn How To:

  • Assess and improve what you know about your organization.
  • Identify five business drivers to increase impact.
  • Identify your customers’ needs to maximize performance.
  • Increase your understanding of cash flow to increase revenue and cut costs.
  • Learn about and access balance sheet and financial statement templates to increase your financial decision-making.

Business Acumen is to assist business leaders explore and implement techniques and ideas for transforming a compelling organizational vision into actionable strategy. This course will help you develop compelling business strategies to increase customer and client satisfaction, profit, and staff motivation.

Learn How To:

  • Assess and improve what you know about your organization.
  • Identify five business drivers to increase impact.
  • Identify your customers’ needs to maximize performance.
  • Increase your understanding of cash flow to increase revenue and cut costs.
  • Learn about and access balance sheet and financial statement templates to increase your financial decision-making.

Prerequisites: No prerequisites for this course

Course Length: Full Day

- Business Acumen 101 & Essential Elements of Business (2 Hour Session)

-- What is Business Acumen

-- Assess and Plan to Improve Your Business Acumen

-- Learn the Five Essential Drivers of Business and Why They Matter (Customers, Cash, Profit, Growth & Velocity)

-- Mini Action Plan

- Understanding Customers and Cash (2 Hour Session)

Identify and Analyze Your Customer's Needs and Wants

-- Understand and Increase Customer Engagement

-- How Cash is Generated and Why it's Critical

-- Help Your Business Be Cash Positive

-- How Owners Keep Cash Flowing

-- Mini Action Plan

- Understanding Profit, Growth and Velocity (2 Hour Session)

Distinguish between Profit and Profit Margin

-- How Growth is Measured in BusinessDevelop a Growth Strategy in 5 Steps

-- Understand Velocity

-- Increase Business Velocity in 3 Steps

-- Mini Action Plan

- Overview of Financial Statements-Including Samples (Supplemental Resources)

-- How Key Financial Statements Relate

--- Balance Sheet

--- Income Statements (Profit & Loss Account)

--- Cash Flow Statement

- Final Action Plan

 

Target Audience

Anyone who wants to increase financial acumen, deepen your market orientation and improve your strategic skills will benefit from this course.  We are all better at our jobs when we understand how companies make money, what drives profitability and cash flow.  Business Acumen training can have a positive impact on employees at every level of an organization.

 

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