Surviving the recession — key financial tips

If you are starting up or running a small business then now is a good time to consider your financial strategy.

The Kilkenny CEB is running free taster sessions in the coming weeks, which will provide a short introduction to some of its 2011 training programmes. The taster sessions are designed to help you decide if the courses are for you, while also providing you with some helpful business tips and information, as well as allowing you to gain insight from others and build a network of valuable business relationships.

The commercial world has undoubtedly changed in recent times with political turmoil, uncertainty, and fear of the future having an almost paralysing effect on the economy, nationally and locally. All businesses need to fundamentally change how they operate to meet these new challenges and ensure that they maximise their profitability and cash-flow to achieve business survival and growth.

Go along to a session, presented by Sean Fleming of Financial Clarity, to learn more about: Business taxation, Should you be a limited company? Income tax including Universal Social Charge issues and VAT thresholds and rates.

Also cash management/business finance, managing your business cash-flow, setting your trading terms, have you the right bank finance? What makes a successful funding application? Enterprise supports and tax incentive schemes.

Cost control —do you understand your cost base? How to manage your cost base and how to reduce costs to benefit the business.

Pricing products/services —pricing at a profit, importance of volume and business break-even point. Measuring your business performance, key performance indicators, regular reporting, measuring actual results against expected results.

The event takes place on Wednesday February 23 at 12.30pm – 2pm at the Newpark Hotel.

For more tips and more detail on Surviving the Recession – Key Financial Tips simply book your place today. Booking is essential. Contact Ailish or Brian on (056 ) 7752662. Enquiries@kceb.ie. Enrol online at www.kceb.ie

 

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