Dates to be announced
3 Sessions | 90 Mins each
inr 19,950 + (taxes)
Mastering the connection between costing & profit
Has your business reached the break-even point? How can you create the right discount structure without compromising on profit? Is your approach to product pricing correct? It’s time to learn the fundamentals that shape the costing principles of companies and master them to ensure a profitable and a risk-free organisation.
Get ready to put in place the right costing strategies for your organisation’s growth.
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Key takeaways from this course
While it focuses on costing strategies, the course ensures the following holistic takeaways for you.
01
Marginal Costing Principles
Ascertain and forecast the profitability to make better decisions around cost.Â
02
Work out breakeven points for the business
Find out the point where you will be making enough to cover operating costs and how to reach that goal. Â
03
Set achievable targets for achieving sales
Find out how your profit margin will dictate the sales targets to be set for your business to be profitable.
04
Determine Pricing Policy
What should the pricing policy be for your business? Find out how your pricing will affect the profitability and how it needs to be set with financial intelligence. Â
05
Take Marketing related Decisions
How much should a business typically spend on marketing? Learn how to allocate budgets for marketing spends to reach optimum profitability.
06
Impact of credit given to customers
Learn how much of an impact has the customer credit practice cost your business and the financially right manner to do so.Â
07
How to offer discounts
How do you best assign discounts to your products so that it does not affect your bottom line? Learn the financially intelligent manner to calculate discounts and offers to customers.
Meet your Instructor
Dr Anil Lamba is a bestselling author, financial literacy activist, and an international corporate trainer. His training programmes are held internationally, with a client list exceeding 3000 large and medium-sized corporations spread across several countries including India, the USA, and in Europe, Africa, Russia, the Middle-East and the Far-East. Dr Lamba is the author of the bestseller ‘Romancing the Balance Sheet’ and many other books on finance.
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Anil Lamba works with
They made the most of what they learned!
Why should you attend this class?
• Teams involved in pricing policy, price negotiation.
• Those handling the sales and marketing function.
• People working in the accounts & costing department.
• Middle and senior level managers who need to understand the financial implication of their actions.
In the age of aggressive discounts, ensuring the right costing is extremely crucial for an organisation striving for profit. The buck stops with the decision-makers when it comes to this.
INVESTMENT - COSTING STRATEGIES FOR PROFIT
With every great opportunity, there is a commitment of time, effort, energy and money.
Here is what we ask you to invest in our 2-day courseÂ
Here is what we ask you to invest in our 2-day courseÂ
2 Days • 3 sessions • 90 minutes each | INR 19,950 + taxes
FAQs
Yes, these are going to be live sessions so participants need to chart their schedule to be on time, so as to not miss any important concepts during class.
We understand that our schedules sometimes change. We record our sessions for our participants and they will get access to it. However, we do recommend that participants attend class to get the most out of the experience.
These are professional programs aimed at improving financial literacy among busienss owners and leaders. There is no certificate for the completion of this course but rest assured, you will learn important concepts to carry on in your business.
Yes, you will receive course materials at the end of the program.
Financial Intelligence truly comes from constantly upgrading our knowledge. Once you complete this course, we recommend you to take a look at Finance Edge. It contains everything you learn here plus some advanced concepts so you can take better decisions for your business.