Segments in this Video

Key Concepts, Small Business Owner (02:18)

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This program explores ways to improve business performance by boosting profits and by making better use of invested capital. Jane Murray discusses her experiences as owner of the Tulip Tree restaurant, which include having difficulty keeping up with her expenses.

Regaining Control (02:45)

Murray’s first step is to create profit and loss accounts for her business. She reduces food waste, negotiates with suppliers, and cuts wages by 20 percent. Murray also grows her business by adding catering services.

New Startup (04:39)

Forecasting profit and loss accounts is crucial to an aspiring entrepreneur’s business plan. Once the business is up and running, owners should check how they are doing against their written plan. Infoconomy publishes magazines and runs a financial web site.

Profits vs. Cash (06:20)

Monitoring cash flow is essential for any business. Businesses need profit to grow and develop, and cash to pay for supplies; running out of cash is the top reason for failure. One entrepreneur explains how he overcame adversity.

How Much Profit is Enough? (06:21)

A business’s return on capital is determined by dividing profits by capital invested. To improve it, entrepreneurs can increase profits or better control assets tied up in the business. Insiders at Lilliput Lane explain how the company escaped liquidation.

Using Fixed Assets More Effectively (05:14)

Managers at Stoves aim to have zero leftover stock and raw material. They implement changes that reduce work in progress, lowering the amount of working capital necessary.

Credits: Working for Yourself: Finance Basics (01:01)

Credits: Working for Yourself: Finance Basics

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Working For Yourself: Finance Basics


DVD (Chaptered) Price: $169.95
DVD + 3-Year Streaming Price: $254.93
3-Year Streaming Price: $169.95

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Description

Many small businesses fail because the bosses and senior operational managers can't get their heads around some fairly simple accounting concepts, in particular: profits, cash flow and working capital. Understanding and monitoring these is vital if owners and managers are to have an accurate picture of how their businesses are really doing. They can help to identify where things are going well and where they are not; help the owner to correct problem areas, and to decide how to point the business in the right direction for the future.

Length: 30 minutes

Item#: FMK185422

ISBN: 978-1-64623-902-3

Copyright date: ©2001

Closed Captioned

Performance Rights

Prices include public performance rights.

Not available to Home Video and Publisher customers.


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