KING OF CASH
TIME :
8am - 12pm JKT
9am - 1pm KL
8am - 12pm JKT
9am - 1pm KL
DATE 9-10 JULY 2024
(Tue-Wed)
(Tue-Wed)
VENUE : Virtual LIVE
FROM FEASIBLE TO BANKABLE
TRAINING : "THE KING OF CASH & BUSINESS ACUMEN"
1. How to create long term Financial SUSTAINABILITY over 100 years.
2. How to RE-CAPITALISE your business and REWARD your shareholders.
3. How to create “WAR CHEST” to prepare for cash crunch or to buy/acquire other businesses.
THE 3 PILLLARS OF CASH
PILLAR 1
Financially Sustainable
Create Long Term Financial Sustainability of over 100 years
PILLAR 2
Recapitalise Capital
Reward Owners and Shareholders
PILLAR 3
War Chest
Build massive Cash Reserves to prepare for "war" - unexpected cash crunch / downturns or to acquire another business
OTHER IMPORTANT AREAS TO BE COVERED
1. How to EXPAND your business empire through Profits and Capital Method
2. How to calculate your REAL Breakeven and PROFIT Margins.
3. How to PRICE your product or services easily without guessing.
4. How to effectively use different BANK accounts for different purposes.
5. How to make your business VALUABLE in the eye of investors and financial institutions
6. How Board of Directors can systematically SAFEGUARD the cash in your business once and for all
7. How to create Project & PROFIT BUDGETING, (not the normal accountant's cost budgeting), systematic cash drawdowns and recoup capital
many more strategies, techniques and skills...
Awzair, former Deloitte consultant
King of Cash Advanced covers so many areas.
Break Even Point, Profit Margins, Pricing, Costing, how to create the 2 Bank Account system, how to Value your Business, KPIs..
and the case studies are awesome...
Even if you don't have accounting background, you'll catch fast because they'll make you relate easily to your own business"
WHO MUST ATTEND
Business Founders
Board of Directors (BOD)
CFO or Financial Controllers
Entrepreneurs who want to ensure the business will sustain over 100 years
Business Incubators / Accelerators / Angel Investors / Venture Capital
WHY DO COMPANIES DIE?
THE PROBLEMS FACED BY BUSINESSES THAT HAVE REVENUE & CUSTOMERS
According to SCoRE USA, businesses that have started operations, already acquired customers and revenue, yet they fatally die because of these 5 top reasons.
SCORE (Service Corps of Retired Executives) is the USA’s largest network of volunteer business mentors who help small business owners establish and grow their companies.
WHAT ARE THE PROBLEMS FACED BY COMPANIES IN ORDER TO SUSTAIN AND GROW OVER 100 YEARS?
HOW TO SOLVE IT?
Founder CEOs focus their short term goal mostly to bring in sales, which is good, but in the long run, without the fundamental strength in the most basic business finances (item 1-5), this is dangerous/fatal.
Founder CEOs must not only know, but master the applications of business finance; between fixed and variable costs, breakeven, pricing, cover charge and profit margins. If your profit margins are thin, it's time to relook at your business model. This requires you and your management team to work together, else your business won't survive long term.
Founder CEOs think that their accountants will help them.
In reality, you are supposed to provide directions on how to control finances & cashflows, while accountants only record past transactions.
Founder CEOs can use these simple proven techniques in managing cash flows (main reason why companies die 88% score USA is "poor cashflow management").
This also ensures that your cash is safeguarded and capital provided by the owners are recouped / returned.
Founder CEOs may have the business acumen, but their team lacks this ability to see the "big picture": certain key factors that drive the business.
Not knowing these results in frustrations and misalignments.
There are 5 Key Drivers of Business Acumen.
This topic is covered in King of Cash Advanced, and are fundamental knowledge to your firm's Top Management team.
Lack of business acumen, is one of the main reasons of misalignment in achieving your Corporate Mission and Goals.
WHAT ARE PEOPLE SAYING ABOUT KING OF CASH ADVANCED
Hazli Nadzri, CEO of IT company
"I realised how I must reduce our Fixed Costs, work more Variable Costs to work on Profit Margins. "Cover Charge" is also something new that I never knew we must consider when pricing our products & services"
Jamal, Founder CEO SAE Engineering
"We need to review our product and consulting margins, it's not wrong, but it't not totally correct either"
Naza Yusuf, Founder CEO, Sang Bulu
"After knowing this, I think 99% of SMEs that I know are making a fundamental mistake in calculating their Profit Margins. Many programs are too "on the surface", here you really go deep, with simple explanations and real life applications"
Kylie Wei, COO SweatSpa
"I have realised that there is a way that we can make our shareholders happy, the 2-account system is easy and clear"
THE STORY OF THE WORLD'S WEALTHIEST TYCOON 1901
Andrew Carnegie shares his success tips, the 3 fundamentals of any business. These 3 made him a billionaire. Read on...
TIPS TO BECOME A TYCOON BILLIONAIRE
3 Most Powerful Business Tips by Andrew Carnegie
Hire the Best Men
You must have a good management team that believes in your Aspirations
Carry as much Cash and Very Little Debt
Having much Free Cash Flows gives you a powerful leverage. This further advances your ability to "merge or acquire" businesses - what he terms as "Consolidation"
Technological Edge
Think how your business model can continually innovate and improve. With powerful business models and technological leverage, it makes it impossible for others to catch up.
ANDREW CARNEGIE : EARLY LIFE
In the book "Rags to Riches" is Andrew Carnegie , the wealthiest man on the planet in year 1901..
Andrew Carnegie was born the second son of a poor family in Dunfermline, Scotland. When Carnegie was 12, in year 1848, his family emigrated to the US in search of a better life. In the US, he found employment in a cotton factory. This first job paid him $1.20 ($35 in today’s money) for 70 hours of work per week.
In 1859, at just 24 years old, Carnegie succeeded his boss as railroad superintendent. While in this position, Carnegie made a number of profitable investments in coal, iron, and oil companies. He also invested in the Woodruff Sleep Car Company (the original holder of the Pullman patents), which brought the first successful sleeping car to American railroads. Carnegie left his post in 1865 as a wealthy man.
BUSINESSMAN
Yet Carnegie’s steel empire continued to grow. By 1900, Carnegie Steel was earning $40 million in profits annually, $25 million of which was Carnegie’s share. Carnegie sold his company for $480 million in 1901, marking one of the largest business transactions in the early 20th Century.
GIVING AWAY 90% OF HIS FORTUNE
Following the sale of his company, Carnegie dedicated his life to philanthropy. Years earlier, he had penned an article titled “The Gospel of Wealth”, in which he stated that the wealthy had a moral obligation to give their money back to others in society.
In the last 18 years of his life, Carnegie gave away $350 million ($5.3 billion in today’s money), or almost 90% of his fortune. He established charities dedicated to research in science, education, and world peace (many of which still exist today). He became the largest individual investor in public libraries in American history, funding the establishment of more than 2,500 public libraries. Carnegie also built enduring landmarks, such as Carnegie Hall in New York, the Peace Palace in The Hague, Netherlands, and founded Carnegie Mellon University, which remains one of the world’s best colleges.