Understanding Fixed Costs
Not sure how Fixed Costs can impact your cash flow and what key metrics to follow?
To be sure you have the cash you need to accomplish your business growth goals and understand the timing of the money flowing through your business and the strength of your cash position, you need to know how fixed costs impact key financial decisions including understanding your breakeven point.
How can this course help?
The "Understanding Fixed Costs" course from Numbers Coach University will equip you to understand strategies and decisions leaders make to ensure you have adequate processes that help and not hinder cash flow. Numbers are your compass, telling you where you are and where you are heading. How do you know what to measure with fixed costs? What are strategies to consider that will drive cash flow?
In this brief course you learn concepts and how to apply them in your business.
After completing this course, you will be able to answer questions such as:
“What key metrics should you follow to ensure fixed costs are not a drag on your cash flow?”
“What strategies can I implement to reduce the impact of fixed costs on my operations?"
"What are the best practices that I should consider to optimize fixed costs?"
Who Is This Course For?
This course is for leaders of businesses and their leadership teams that want to grow their business at a sustainable pace. You are a perfect fit for this course if you are a:
- Business Owner
- Financial Leader
- Non-Financial Leader
What Will I Learn?
In this course, you will learn how fixed costs impact your businesses cash flow, the metrics to follow, and strategies to leverage it. By the end, you will be able to:
- Learn what is considered a fixed cost in your operations.
- Understand what key fixed cost metrics to follow.
- Answer the question: what are the best practices around leveraging a business' fixed costs?
- Learn how fixed costs interact with the other 8 essential numbers that the Numbers Coach recommends that you measure and track regularly.
Reviewing and understanding the key numbers impacting your fixed costs will keep you from being caught off guard by a cash-flow shortage or surprised at the failure of an ill-timed initiative.
Get started today with this self-paced course that you can do in only 30 minutes (or less) to gain the insights you need to address your fixed costs and leveraging best practices to drive cash flow.
This is one of many courses from Numbers Coach University that will help you Own Your Numbers!
Your Instructor
Michael Iverson, MBA, CPA spent over 30 years as a financial executive for corporations such as KPMG, American Family Restaurants, Pediatric Services of America, and Profit Recovery Group. He founded Trillium Financial, Inc. (now Numbers Coach) in 2002 to provide small to midsize businesses with key financial functions such as budgeting, cash flow forecasting, banking and capital funding, mergers and acquisition activity and more. As the Numbers Coach, he has guided many entrepreneurs and business owners along their journey to reach the summit of financial success. Mike has been featured as a business finance expert regularly on podcasts such as Small Business Matters, Scaling Up and The Profit Answer Man.
