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No-one goes into business to lose money, yet so many do. Often business failure can be traced to poor financial understanding and lack of financial management. This workshop demystifies finances and shows you how to take control and use that information to make strategic decisions within your business. This is financial management for maths phobics!

After attending the workshop you will be able to:

• Understand the importance of sound financial management to running a successful business
• Understand the difference between and Balance Sheet and a Profit & Loss Statement and what items belong where
• Understand Breakeven and its impact on your business
• Make decisions about how to segment your financial reporting to inform your decision-making
• Explore the important elements to setting prices for products and services
• Feel more in control of your financial systems

This workshop is suitable for business owners that want to increase the financial understanding and performance of their business.

Speaker Bio

Garry Ferris
Business Advisor, BEC Southern Sydney

Garry Ferris has lectured in Economics and marketing at TAFE and University and has had extensive business experience in the services sector with the Pharmacy Guild of Australia. He has over 28 years experience in General Management roles in the manufacturing industry including Thorn Lighting, Dulmison in the electrical industry, Spurway Cooke in the fastener industry in S.E Asia and Artcraft NSW in traffic management products, including 5 years as a preferred supplier to the development of the Sydney Olympic site. More recently he operated his own business for 5 years supplying and installing exterior lighting and street furniture products in residential subdivisions, schools and Government agencies.