Surviving Tough Economic Times

Let's face it. When challenging times hit, keeping a small business afloat can be difficult, but extra attention to simple financial details can help ensure that a business survives.

First, it's important to understand that every small business is different, and each carries unique risks and rewards. The reality is there is no set playbook we can follow to get back on course, especially when a crisis hits.

However, in this course, you'll learn how to apply some useful financial advice that can help you take back control and feel empowered by taking action.

What To Do To Keep Your Business Going in Hard Times

When tough economic times hit, overwhelm can quickly set in causing small business owners to grasp at any strategy they feel will keep them going. However, the number one goal during these times is to keep a cool head and understand exactly where every dollar is coming from and accounting for each cent spent.

Key Financial Objectives

  • Accountability

    It's imperative you know where your accounts receivables and payables are at any time. But, in moments of crisis, it's vital to review each item with a critical eye.

  • Evaluation

    Not all of your business’s resources are crucial to its core operation so think through your bottom-line essentials. Review each item and determine what is essential and what is non-essential.

  • Cashflow

    It's important to keep as much can on hand as possible when a crisis hits so understanding how to accomplish this is very important, especially during times of crisis.

Meet Your Instructors

Company Founders, Carats and Matiu

Immersive Leader was established in Australia, by Directors Matiu Rudolph and Shaun Carats. For many years Carats and Matiu were managing travel agencies and producing exceptional profit results, even during tough market conditions. Working for one of the world’s largest travel companies as store managers with profit shares, they found they were collectively producing greater profits from their two businesses than that of the other ninety state businesses combined. With a genuine desire to help their fellow business owners improve results, Carats and Matiu set about creating the Immersive Leader Training and Development Program.

Course Curriculum

What We Cover Inside our Simple Financial Planning for Travel Businesses During a Crisis

  • 1

    Module 1: Introduction To Creating A Finance Plan

    • About This Course

    • Setting A Time Frame For Your Financial Plan

    • The 3 Phase Approach

  • 2

    Module 2: Phase One of Your Financial Plan

    • Phase One Cash Inflow

    • Phase One Cash Outflow
  • 3

    Module 3: Phase Two of Your Financial Plan

    • Phase Two: Increase Cash Inflow and Decrease Cash Outflow From Liabilities

    • Phase Two: Decrease Cash Outflow From Expenses
  • 4

    Module 4: Phase Three of Your Financial Plan

    • Phase Three: Further Decrease of Cash Outflows

    • Phase Three: Further Increase of Cash Inflows
  • 5

    Module 5: Creating Your Financial Plan

    • Creating Your Finance Plan And Next Steps

    • Your Finance Plan Template

Take Action

There’s no substitute for proper preparation, and having a financial plan in place can provide reassurance and respite during a crisis.

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