Finance presentation by Chris Hooper, partner at Cirillo Hooper and Company at the YBL One Day MBA.
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1. What I Didnt Learn atAccounting SchoolPresented by: Chris
Hooper@ChrisHooper87 @CirilloHooper #1DayMBA
2. @ChrisHooper87 @CirilloHooper #1DayMBA Disclaimer This
presentation is intended to provide general information only and
has been prepared without taking into account any particular
persons objectives, financial situation or needs. You should,
before acting on this information, consider the appropriateness of
this information having regard to your personal objectives,
financial situation or needs. It is recommended that you obtain tax
and financial advice from a qualified professional before making
any taxation, investment or insurance decision.
3. @ChrisHooper87 @CirilloHooper #1DayMBA Topics 1. The
Importance of Cashflow 2. How to Increase Profitability 3. Personal
Finance Hack
4. @ChrisHooper87 @CirilloHooper #1DayMBA The Importance of
Cashflow: Soldiers Analogy
5. @ChrisHooper87 @CirilloHooper #1DayMBA The Importance of
Cashflow: Profit and Loss Sucks Prepared on an accrual basis Doesnt
tell the real story of whats going on It tells you what happened,
not whats happening
6. @ChrisHooper87 @CirilloHooper #1DayMBA The Importance of
Cashflow: Illustration
7. @ChrisHooper87 @CirilloHooper #1DayMBA How to Improve
Cashflow: Tips Pour the water faster: Get paid quicker (deposits,
direct debit etc) Get more sales Constrict the flow: Cutting costs
Creditor stretching Budget and cashflow management
8. @ChrisHooper87 @CirilloHooper #1DayMBA How to Improve
Profitability: Hypothetical Imagine you own a used car dealer: Your
turnover $500,000 per annum Your costs are $450,000 per annum Your
profit is $50,000 per annum (10%) I want you to improve profit to
$200,000
9. @ChrisHooper87 @CirilloHooper #1DayMBA How to improve
profitability: The Numbers Number of Enquiries 100 Enquiries x
Conversion % x 50% x Average Sale x $10,000 = Gross Revenue =
$500,000 - Costs - $450,000 = Profit = $50,000
10. @ChrisHooper87 @CirilloHooper #1DayMBA How to Improve
Profitability: Just add 10% 100 Enquiries 110 Enquiries x 50%
Conversion x 55% Conversion x $10,000 Sale Value x $11,000 Sale
Value = $500,000 Revenue = $665,500 Revenue - $450,000 Costs -
$405,000 Costs = $50,000 Profit = $260,500 Profit
11. @ChrisHooper87 @CirilloHooper #1DayMBA How to Improve
Profitability Ideas Enquiries Marketing Advertising Conversion
Sales training Sales scripts Sales Value Bump your prices up / Stop
discounting Add more value Costs Drive efficiency Zero Based budget
review
12. @ChrisHooper87 @CirilloHooper #1DayMBA Personal Finance
Hacks: Parkinsons Law Cyril Parkinson - Economist 1955 Work expands
so as to fill the time available for its completion. Parkinsons
Second Law Expenditures rise to meet income" Its human nature to
spend exactly what one earns As such, as income rises so do living
expenses Drive a wedge between your income and expenditure
13. @ChrisHooper87 @CirilloHooper #1DayMBA Personal Finance
Hacks: Eliminate the need for discipline Dont feel bad Saving is a
rare quality possessed by a small few Automate the process
Eliminate the discretion Make it illegal to access Superannuation
First Home Saver Accounts Make it difficult to access Property
Password splitting Debit blocking
14. @ChrisHooper87 @CirilloHooper #1DayMBA Personal Finance
Hacks: Start now, not later Compound interest is one of the most
powerful forces of the face of the earth! $10,000 5% 10% 15% 20
$90,000 $729,000 $5,388,000 30 $55,000 $281,000 $1,332,000 40
$34,000 $108,000 $329,000 50 $21,000 $42,000 $81,000 60 $13,000
$16,000 $20,000
15. @ChrisHooper87 @CirilloHooper #1DayMBA Thats all folks
Thanks for listening Follow me on Twitter @ChrisHooper87 Like us on
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cirillohooper.com/blog