Business Acumen

Business Acumen

475.00

Delivery Method: In-Person | Duration: 6 Hours

Overview

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

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Course ID: B2504

Duration: Full Day (9:00 am- 4:00 pm PST)

Location: In-Person, San Francisco | Click here to schedule private course.

Overview

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

+ Who Should Attend

Anyone who wants to increase financial acumen, deepen market orientation and improve 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.

+ Course Outline

Business Acumen 101 & Essential Elements of Business

  • What Is Business Acumen?
  • Assess Your Business Acumen
  • Homework: Improve Business Acumen
  • Five Business Drivers
  • Five Business Drivers: More Detail
  • Mini Action Plan

Customers & Cash

  • Customer Needs vs. Wants
  • Needs & Wants Over Time
  • Customer Engagement
  • Determining Customers’ Needs & Wants: A Tool
  • Cash Exercise: Key Terms
  • Cash: Key Term Answers
  • How Cash Is Generated and Why It’s Critical
  • How to Help Your Business Be Cash Positive
  • How Owners Keep Cash Flowing
  • Mini Action Plan

Profit, Profit Margin, Growth, & Velocity

  • Profit & Profit Margin
  • Notes: Profit vs. Profit Margin
  • Answers: Profit vs. Profit Margin
  • How Growth Is Measured
  • Velocity
  • Increase Business Velocity in 3 Steps
  • A Study in Velocity
  • Mini Action Plan

Additional Resources: Financial Statements

  • How Financial Statements Relate
  • What Is a Balance Sheet?
  • Sample Balance Sheet (Statement of Financial Position)
  • What Are Income Statements?
  • Sample Income Statement (Profit & Loss Account)
  • Income Statement (P&L) Explained
  • What Is a Cash Flow Statement?
  • Sample Cash Flow StatementCash Flow Statement: Explained
  • Cash Flow Statement: Don’t Skip the Footnotes or MD&A

+ Prerequisites

There are no prerequisites for this class.

+ Certifications

N/A

+ Students Also Attended