Who is this workshop aimed at?
This very practical workshop is aimed at Non-finance Business Leaders or Employees in leadership roles who want to learn business skills and understand how their role fits into the overall organisation
Dates: Commencing Thursday 03rd of April, and running for 5 Thursdays up to Thursday 24th of April
(there will be no class Easter Week, Thursday the 17th of April)
Venue: Online
Skillnet Funded Fee: €99 PP
Course Overview
“5 Essential Tips to Better Understand Your Business – Regardless of Industry” is designed to provide non-finance business leaders or employees with essential business skills and an understanding of how their roles fit into the overall organisation.
The Course is delivered online during lunchtime sessions and consists of five key tips, each focusing on a different aspect of business understanding:
Tip 1: Information Management
Learn to identify available systems for data collection, evaluate relevant data collection systems for your business, implement data security measures, and recognise the importance of user access rights.
Tip 2: Profit & Loss
Understand the terminology around the profit & loss account, evaluate the importance of sales categories, differentiate between gross margin and net profit, and distinguish between direct costs and overhead expenses.
Tip 3: Balance Sheet
Define and explain the terminology around the balance sheet, evaluate the significance of reconciliations in maintaining accurate
Why? By participating, your organisation will gain the tools to develop and implement a wellbeing strategy, address unique challenges, and build resilience within teams to create a healthier, more productive, and happier workforce.
- 60% of Irish professionals reported workplace stress in 2023 (Robert Walters Survey).
- 55% feel employers aren’t doing enough to address wellbeing challenges.
- 72% of employees experience at least one symptom of burnout.
- 90% of GP visits are stress-related.
Addressing stress, burnout, and disengagement is no longer optional; it is essential to build a resilient, happy, and high-performing workforce. The Wellbeing Advantage Programme is a comprehensive, science-driven initiative tailored for SMEs and corporates to foster a thriving workplace culture. Backed by compelling statistics and research, this programme delivers actionable insights, evidence-based strategies, and collaborative learning opportunities to enhance employee engagement, productivity and well being.
Tip 4: Cashflow Management
Learn to break down cash flow and read a cash flow statement, structure and compile a cash flow statement, complete a bank reconciliation, and identify sources of cash and other funding opportunities. Sample Template provided.
Tip 5: Dashboards
Understand how to select relevant KPIs that align with business goals, create clear and compelling data visualisations, gain knowledge on automating dashboard updates for real-time insights, and recognise the importance of designing dashboards that drive actionable business decisions.
Learning Objectives
- Strategic Planning: Develop a tailored wellbeing strategy aligned with your organisation’s goals.
- Boost Engagement: Build a culture that fosters loyalty, satisfaction, and motivation.
- Foster Resilience: Equip teams with tools to manage stress and prevent burnout.
- Sustainable: Embed long-term, impactful wellbeing approach and initiatives.
- Collaborate & Innovate: Leverage peer learning to refine strategies and share best practices.
Why Choose This Programme?
- Science-Led Expertise: Evidence-based tools proven to enhance wellbeing and productivity.
- Actionable Insights: Tailored solutions to address your unique challenges.
- Collaborative Growth: Gain insights from peers and industry leaders.
- Flexible & Impactful: Practical tools designed to meet your needs and ensure results.
- Efficient & Effective: A streamlined approach to addressing wellbeing and boosting team morale.
Programme Components
Tip 1: Information Management
- Identify available systems for data collection.
- Evaluate relevant data collection systems for your business.
- Implement data security measures.
- Recognise the importance of user access rights.
Tip 2: Profit & Loss
- Define and explain the terminology around the profit & loss account.
- Evaluate the importance of sales categories.
- Differentiate between gross margin and net profit.
- Distinguish between direct costs and overhead expenses.
Tip 3: Balance Sheet
- Define and explain the terminology in the balance sheet.
- Evaluate the significance of reconciliations in maintaining accurate financial records.
- Differentiate between fixed and current assets.
- Classify liabilities into short-term and long-term.
Tip 4: Cashflow Management
- Break down cash flow and read a cash flow statement.
- Structure and compile a cash flow statement.
- Complete a bank reconciliation.
- Identify sources of cash and other funding opportunities.
Tip 5: Dashboards
- Understand how to select relevant KPIs that align with business goals.
- Create clear and compelling data visualisations.
- Gain knowledge on automating dashboard updates for real-time insights.
- Recognise the importance of designing dashboards that drive actionable business decisions.
Workshop Facilitator Mary Hayden
MaryHayden.com was established in in 2019 to provide SMEs with expert business and operations support.
Objectives and Mission of the Company: To assist SMEs facing challenges, undergoing growth phases, or seeking digital transformation. Mary is dedicated to offering jargon-free, hands-on support to improve business processes and align systems for optimal performance. Her aim is to set up clients for success by defining and aligning the necessary business processes.
Mary’s clients are primarily SMEs experiencing challenges, going through growth phases, or looking to improve their systems and processes.
She works with both domestic and international clients across various sectors and cultures.
Why Do They Work with Mary? Clients choose to work with MaryHayden.com because of thehands-on, results-focused approach. Mary’s qualifications include being an FCMA Fellow in Chartered Management Accounts and with expertise in finance, LEAN continuous improvement, cashflow management, budgeting, and system integration, which allows her provide clear, actionable insights.
Mary’s clients appreciate my ability to break down complex business processes and provide realistic expectations, ensuring they do not feel overwhelmed. Her commitment to good governance and unlocking people’s potential has also earned her a reputation as a trusted advisor.
Technical Expertise and Specialisms: ·
- Mentoring, Training in a Jargon-free Manner, Hands-on, Results Focused
- Project Management: Financial & Operational
- LEAN for Business – Continuous Improvement & Waste Reduction/Management
- Stock Management & Workflow: process mapping & supply chain management
- Business Integration: an all-in-one system for better efficiency and flow of information
- Enterprise Resource Planning: ERP Project Scope & System Implementation
- Management Accounts Set up & Analysis: by Sales, Margins & Costs by Dept & Product
- Detailed Budgeting Process: collated with Mgt Team to get buy-in & ownership.
- Strategic Business Planning: P&L, Balance Sheet & Cashflow
- SBCI Funding: Credit Guarantee & SBCI Loan Scheme for WC & Capital.
- Grant Applications: Coordinated very successful grant applications through IDA/EI for Capital, R&D, Training & Employee Grants
- Revenue R&D Tax Credits: Application & Audit
- Cashflow Analysis: Fixed/Variable Costs, Payable & Receivable
- Excellent Compliance Awareness: Audits, Accounts, H&S, EPA, WRC, HSA, Rev.