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REMINDER: Please take a moment to complete the exit survey we sent to your email, and ensure you have completed your 1:1 meetings with your advisor no later than July 31st (EXTENDED DATE).
And don’t forget to check out the supplementary Entrepreneur Reading List put together by our BBA Advisors!
Understand how good financial hygiene will directly impact your business. Using a Profit & Loss statement that is structured to break out your revenue centres, you will see the path to make better decisions based on data, not just your gut.
Understand the basic principles of Revenue Centres and Cost of Goods Sold or Cost of Services. You will learn how to calculate your Gross Margin and why you need to stabilize it on your TTM.
Note that this course cannot be repeated, so please ensure this is the right time for you to take this course. You will need to dedicate 1.5-3 hours each week to participating in all live, online workshops and working groups as well as to completing assigned homework assignments throughout the course. You may also be eligible for 1:1 advisement as part of your participation in the FLP. Details have been emailed to you.
Watch your email for weekly for an invitation to each upcoming session. Note that each session will have its own unique Teams link. To get the most out of the weekly interactive sessions, please ensure your microphone and camera are enabled and that you join the session from a computer rather than from a mobile device whenever possible. For tech support, please reach out the BBA Education Team at [email protected] or call 250-402-0409.
Session 1 Workshop: April 17
Session 1 Working Group: April 24
Session 2 Workshop: May 1
Session 2 Working Group: May 8
Session 3 Workshop: May 15
Session 3 Working Group: May 22
Session 4 Workshop: May 29
Session 4 Working Group: June 5
Session 5 Workshop: June 12
Session 5 Working Group: June 19
Commit to 10 weeks of learning to leverage your financial reporting to make better business decisions.
One of the best tools business owners can use is their financial reporting. Join us for this multi-week series of LIVE workshops and working groups to learn the fundamentals of these influential reports and how to use them to make data-driven decisions. Learn what the information tells you about your business, what changes to make to get more accurate data and key ratios to analyze your company’s financial health.
Qualification Requirements:
Space is limited, and specific business requirements are required. A BBA Program Representative will contact you in early April with an update on the status of your application.
Why Financial Comprehension is Important to a Business Owner
You will understand how good financial hygiene will directly impact your business. Using a Profit & Loss statement that is structured to break out your revenue centres, you will see the path to make better decisions based on data, not just your gut.
How to Structure your Financial Reports to Access Better Data
You will understand the basic principles of Revenue Centres and Cost of Goods Sold or Cost of Services. You will learn how to calculate your Gross Margin and why you need to stabilize it on your TTM.
How to Use Revenue Centres and Gross Margins to Support Data-Based Decisions
You will fully understand the importance of your Gross Margin by Revenue Centre, and the steps to use them to maximize profitability.
Leveraging Break-Even Analysis and Unit Economics
You will know your Break-even and how to use the break-even analysis to make decisions on hiring and purchasing. We will dive deeper to identify how to improve your gross margins and overall profitability.
Putting It into Practice through Monthly Financial Reviews and Cashflow Analysis
You will learn how to do a monthly financial review for your business and how to take actionable steps based on the analysis of the data. You will also learn the difference between profits and cashflow.
