The word on the street

28/09/07

World-renowned financial expert to help Welsh businesses

One of the world’s foremost speakers on fiscal matters will be coming to Wales to help businesses become more successful.

Nick Setchell, founder and CEO of Practise Strategies in Australia will be addressing more than 100 chief executives, directors and senior managers from across Welsh industry this October.

By getting business leaders to apply a basic financial framework, Mr Setchell will help delegates focus their often scarce resources on those elements that will bring about better results within the organisation and improve their bottom line.

Organised by chief executive development organisation, Vistage International (UK), in association with Barclays Business Banking, the event will also look at mapping out a ‘plain English’ approach to finance and get business leaders to translate the critical numbers into a business success toolkit.

“All business owners and managers have the ability to make changes to their business, but often those changes do not result in major or positive differences because the targeted area of change is not properly understood,” said Mr Setchell.

“Fiscal Focus allows leaders to focus their scarce resources on those things that will bring positive changes and better results, whether they be related to sales, production, working capital management, workforce, cash flow management or other key influencers of business performance.”

The framework, which will be explained in detail at Miskin Manor on October 19, can be applied to any business of any size and type and in any industry with equally powerful effect.

To date hundreds of businesses across all industries and professions around the world have already benefited from this approach.

Ken Jacobson, CEO of Vistage International (UK) said: “Fiscal Focus is of particular value to non-financial executivesand directorsas it provides a clear snap-shot of performance and performance enhancement opportunities in a manner that is easily understood.

“For business leaders who often come to managing the business from areas other than accounting, this no-nonsense business improvement framework is ideal as it is designed to literally demystify the language of accounting. At the same time this will help them make better business decisions. Better decisions result in better business performance which is the core aim of our organisation.”

Fiscal Focus takes a completely different and refreshing look at raw financial data. Findings are presented in an intuitive manner that is easily understood by the decision makers enabling them to:

  • Accurately assess business performance;
  • Identify existing strengths and weaknesses
  • Determining sensitivity of potential actions that address the weaknesses
  • Link business strategies and actions with business performance improvement;
  • Identify key performance drivers that work for all industries, and;
  • Improve everyday decision making.

For further info or to register email fiscalfocus@vistage.co.uk or phone David Alexander on 01962 841188.

Further information contact, M & M Communications on 079 5869 0659 or buzz@mandmcomms.com