Profit Strategies Workshop

Unlock the secrets of understanding and managing the financial aspects of your business.

  • Make an accurate financial plan
  • Make faster, better decisions based on proven principles and ratios for business management
  • Implement simplified scorekeeping in a profit plan that connects the financial goals of the company, each department, and individual employees

The Profit Strategies workshop offers the critical financial principles, ratios and tools from our Total Management 1 workshop to give you the essentials you need to create a strategy and written plan for profit. Learn how to understand what your financials are telling you and how to organize and communicate your financial plan. Participants will also explore how to make a coherent, actionable financial plan to set goals and boost profits across the company, by department and by employee and then execute it.

Learn more by clicking on the “Agenda” tab at the top of this page.

Agenda

This two-day workshop will cover the following:

Principles: NCM’s general business and success principles for understanding and improving performance and profitability

  • NCM’s Profit Power® formulas
  • NCM’s industry-specific key expense ratios
  • One Dollar Empowerment®: the scorecard managers and employees can understand
  • How departments can work together to complement and integrate
  • How to make sense of your financial statements and make them a useful tool for your business

Profit Planning: Build easy-to-understand, adaptable profit plans for the company and each department

  • The five key factors to managing unit prep
  • The 30-minute budget
  • Total company and departmental expense ratio guidelines
  • How to identify the red, yellow and green flags in your financial statements

Forward Forecasting and Deviations: NCM’s proprietary forward forecasting system

  • Proven monthly monitoring system for identifying and managing profit plan deviations
  • Highly accurate forecasting to manage for the future versus comparing to last year

Times
Day one:  8:00 a.m. to 5:30 p.m.
Day two:  8:00 a.m. to 12:30 p.m. approximately
Please arrive 30 minutes early the first morning for registration.

FAQ

Who should attend this workshop?

  • Owner
  • General manager
  • Accounting person
  • Controller
  • Department managers
  • Key employees

It is strongly recommended that your general manager and accounting person  both attend.

Do you offer additional support?

Attendees may opt to receive a review and analysis of their financial statements. Bring your last year-end statement to the course.

Each participant takes home a full set of materials that includes the tools, processes, tips and forms needed for implementation and reference. You’ll also receive access to our help desk via email or toll-free phone for help with any questions you have when implementing what you’ve learned.

Can I customize this workshop for my business?

Yes! Many organizations realize that large numbers of people in their organization will benefit from learning the One Dollar Empowerment® management methods, and we’ll be happy to customize it for you! Contact us today to learn more.

 How much does this workshop cost?

First attendee:  $1,395

Second attendee from same company within one year:  $1,295

Third and additional attendees:  $1,195 each

 

This workshop may be available on demand or may not be currently scheduled.  Contact us at 800-772-3377 to discuss scheduling for your organization or teams.