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Tag Archives: 8.Financial & Commercial Awareness



Tony Robbins is a pioneer in the personal development space, but his book on finances is like a graduate course in college.

A novice in finance could read this book and walk away an expert.

Tony takes complicated financial strategies and distils them down to the average reader’s level.

Money is not everything in life, but it is important, especially in the business. There are many entrepreneurs who are great at making income but are clueless as to how to make their money work for them through investing.

You started your business to create freedom, Tony’s book can help you take that freedom to a level you didn’t think was possible through the right investment strategies.

Money - Master the Game


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In this 'Be Inspired' interview Paul Bridle speaks to Ed Rigsbee, Chief Membership Evangelist, about Membership Return on Investment within an association.

To view the interview click on the box below.

 


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Financial planning helps you determine your short and long-term financial goals and create a balanced plan to meet those goals.

Here are nine reasons why financial planning – with the help of an expert financial advisor – will get you where you want to be.

Income: It’s possible to manage income more effectively through planning. Managing income helps you understand how much money you’ll need for tax payments, other monthly expenditures and savings.

Cash Flow: Increase cash flows by carefully monitoring your spending patterns and expenses. Tax planning, prudent spending and careful budgeting will help you keep more of your organisation's hard-earned cash.

Capital: An increase in cash flow, can lead to an increase in capital. Allowing you to consider investments to improve your overall financial well-being.

Employee Security: Providing for your employee’s job security is an important part of the financial planning process. Having the proper employee insurances and policies in place can provide peace of mind for you and your staff. You need to ensure that you plan the finances to pay for pension plans, sick cover, unexpected expenses such as machinery breakdowns.

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The Chartered Institute of Management Accountants (CIMA) produce a range of 'Topic Gateways' which are intended as a refresher or introduction to topics of interest to their members and others involved in the practical application of finance within organisations.

This Topic Gateway explains the concept of the Balanced Scorecard and how the four interrelated quadrants give four perspectives of an organisation's activities, both internally and externally, current and future.

To download this booklet: Click Here


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No matter if your budget it £100.00 or £100,000.00, you need to ensure you have effective and efficient systems in place to control how the budget is being spent.

This resource includes a checklist which will help you establish or review process you have in place to keep you and your budget on track.

 Controlling Budgets Checklist

 


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The Chartered Institute of Management Accountants (CIMA) produce a range of 'Topic Gateways' which are intended as a refresher or introduction to topics of interest to their members and others involved in the practical application of finance within organisations.

Budgeting practices are heavily influenced by the organisation's management style and can vary considerably, but the theory is common to all.

This Topic Gateway explains and comments on the usefulness of budgeting, the explains the different types of budgets businesses produce.

To download this resource, click on the following link: Budgeting Explained


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All organisations require a level of commercial awareness from their employees because it is an important skill for making good long-term decisions.

The more commercially aware you are, the more likely you will take into consideration all the important factors when selecting one option over another.

Use this self-assessment to gauge your current level of commercial awareness and help highlight the areas where you can improve.

The activity can also be used within a team learning environment.

To download this self-assessment click on the following link: Commercial Awareness Self-Assessment


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