Description
This module explores how to effectively measure the performance and needs of businesses at different life stages so that the strategies for improvement are appropriately tailored.
Business owners, and financial advisers advising owners, must be fully aware of the financial position of the organisation. This allows them to set benchmarks and performance measures that contribute to the wellbeing of the company or firm.
Key Performance Indicators (KPIs) are a tangible way to measure business and financial performance. This course helps you to select appropriate KPIs and demonstrates the strategies to adopt to track and improve KPIs for the successful operation of the business.
Key Topics
- Assessing the financial position of your business
- Key performance indicators (KPIs)
- Strategies for improvement
This course consists of one online course and one online assessment.
This module is one of a series within the Strategy component of the My Firm. My Future. Framework. It is designed to complement other learning modules in the My Firm. My Future. suite.
Learning objectives
- Understand the financial position of your business so you can effectively select and implement strategies to achieve desired financial outcomes.
- Select appropriate financial KPIs for your business to monitor profitability, liquidity, efficiency and growth.
Audience
This course is suitable for SME business owners and accountants advising business owner clients.