In today's rapidly evolving financial landscape, understanding and effectively managing your financial resources is crucial for building a secure and profitable future. This will be a predominantly hands-on workshop that will challenge participants to collaboratively build an operational and financial plan for a fictitious company with a made-up budget. The aim will be to teach attendees the skills required to use elements of CEDIA’s business toolkit. This immersive, hands-on workshop goes beyond theory, providing participants with actionable insights and tools to make informed financial decisions. 

Areas of focus: 

• The Chart of Accounts – Specific to CEDIA Members 

• Understanding Labor Costs and Tracking Employee Productivity 

• Pricing Using Markup and Margin 

• Change Order Management 

• Creating a Breakeven Analysis 

• Creating a Financial Dashboard 

Format: 

• Full-day workshop 

• Hands-on exercises focusing on the areas above and using the templates from the toolkit 

Target audience: 

• Owners/Executives of all size companies needing to hone their financial management skills 

• Self-employed individuals looking to start a business 

• Business owners with 1-10 employees looking for growth 

• Electrical contractor businesses looking to branch off into smart home 

What to bring to this webinar 

• Your laptop computer that can run Excel 

• Your Financial Statements (you will not be required to share with other participants unless you agree) 

• Profit and Loss for the current year and/or for last year 

• Balance sheet 

• Your willingness to learn and ask questions 

Workshop Highlights: 

Financial Foundations: Begin with a comprehensive overview of the key economic concepts and terminology that form the building blocks of a strong financial foundation. We will be using CEDIA’s free business toolkit for our hands-on work. 

Data-Driven Decision Making: Explore how to gather and analyze your financial data effectively. Discover the power of data-driven decision-making and how to use financial statements to gain insights into your financial health. Understand the role of ratios and metrics in assessing your financial performance. 

Goal Setting and Strategy: Learn how to set realistic financial goals and create a strategic roadmap to achieve them. Understand the importance of aligning your short-term actions with your long-term objectives. Develop strategies to optimize your financial resources and make informed investment choices. 

Interactive Case Studies: Engage in interactive case studies and group activities that simulate real-life financial scenarios. Apply the concepts learned throughout the workshop to solve financial challenges, fostering a deeper understanding of practical application. 

Join us for the "Using Today’s Numbers to Build a Profitable Financial Future" workshop and embark on a journey toward financial empowerment and success. Seize the opportunity to equip yourself with practical skills that will serve you for a lifetime. Space is limited, so reserve your spot today and take the first step toward building a secure and profitable financial tomorrow.