Budget Planning - 4th of June 2018

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pexels-photo-373076.jpg

Budget Planning - 4th of June 2018

250.00

Goal of this module:

At the end of this module, the trainee will be able to produce, budget, targets and KPIs for their business. You will have a clear understanding of how to create year on year growth and learn how to create effective targets to reach maximum potential.

Budgeting will allow you to understand where the hidden costs are and how to control costs whilst focusing on increasing your revenue in key areas.

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Timing:

1 day from 9.00 to 17.00 with 1 hr lunch. Business-casual dress code.

This module is aimed at:

●      Future Managers who want to learn how to lead

●      Existing Owners and Managers who are keen to perfect their Leadership skills

●      Suitable for CIDESCO & VCTC Level 2 and 3 students who want a career in management

Content:

Leave with a complete strategy on how to lead a team to success:

●      Theoretical tools to understand how to attract and retain staff members

●      Learn how to use the practical tools to lead effectively and clearly

●      Learn the power of Time Management tools that give you extra time to expand your business and increase your income

●      This module has constant interaction through team and individual exercises

●      Leave with a plan of action that you can implement in your business straight away

Follow up and evaluation

The trainee will be supervised by the trainer during the exercises and workshops. Tools will be put in place to monitor the progress of the training as well as the achievement of its objectives:

✓     A Questionnaire of Satisfaction completed by the trainee at the end of the training

✓     Certificate of completion at the end of the training

✓     Call for follow-up of Training within 3 weeks to assess understanding and implementation

✓     Supporting material will allow the trainee to write the key points and follow the flow of this module

✓     Supporting documents will be sent via mail when the module is finished

 

Morning: The successful budgeting

  1. What is a budget and why do we need one?

  2. Discover the permanent variable costs and what to consider when it comes to

    budgeting

  3. Stock management for the better

  4. Cost of Goods and how to create a profitable treatment menu

Afternoon: Understanding the P&L

  1. What does the P&L look like and how to use it?

  2. Learn how to increase your revenue and reduce key costs

  3. Discover your breaking point and how to achieve it week on week

  4. Create comprehensive targets

  5. Understand the KPIs and how to monitor them

  6. Manage your Occupancy Rate

TC: non-refundable – Can be exchanged with other Delforge + Co Modules within 6 months

“Tell me and I forget, teach me and I learn, involve me and I remember” - Benjamin Franklin