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Record Profit Warnings Met By Profit Improvement Webinar By The FD Centre

A bleak winter has been followed by a less than sunny summer for British businesses with the news that more profit warnings have been issued in the first six months of the year than in the whole of 2010 and twice as many as in 2009. This data, from Ernst and Young, also measured a 40% increase in profit warnings in the period April – June by listed companies, pointing to economic conditions as tough as those in the peak of the recession.

With everyone from the largest high street retailers to the smallest of sole traders affected, understanding how to make a profit and channel business growth is more crucial than ever, advises part time FD specialist, The FD Centre.

The agency, which supplies part time finance directors to UK businesses with an annual turnover of £1 million – £25 million, suggests that improving profitability begins long before sales start to increase. It has just launched a new, instructional webinar hosted by Peter Turner, the FD Centre’s regional director for London. The webinar is available for free viewing and can be accessed directlyon the FD Centre website.

The 18 minute long presentation starts by identifying traits common to top performing businesses, deals with how to make revenues and margins more profitable and finishes with insights into overheads and balance sheets. 

Sara Daw, managing director at The FD Centre said, “Profit improvement is the second in our recently launched series of webinars and fittingly, one of the most topical and pressing issues facing business owners presently. The webinar is led by one of our team of part time FDs and is a comprehensive introduction to the topic with tips to takeaway and lots of thinking points to build on moving forwards.”

Profit management is one of The FD Centre’s twelve areas of specialism with part time Finance Directors from the Centre able to help identify optimum profit centres for clients and channel resource accordingly.  Once assigned to a business, an FD Centre financial director would work with key decision makers to fulfil profit objectives. This includes carrying out tasks such as analysing gross profit to identify areas for profit increase and to determine how less profitable activities can be decreased, analysing return on investment capital and product development expenditure, reviewing pricing agreements with suppliers and systematically analysing important KPIs and trends with a view to recognizing potential hazards before they become a problem.

To register to view the profit improvement webinar, please visit: http://www.thecfocentre.ca/fdc-webinar-parent/fdc-profit-webinar

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