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Introduction to Practice Finance and Contracts

Workshop Agenda:

Session 1:

Understanding The Basics

  • What being an independent contractor means financially
  • The basics of small business finance
  • Understand your contractual arrangements

Session 2:

Optimising Other Potential Revenue Streams

  • Quality Outcome Framework
  • Enhanced Services
  • Local incentive schemes
  • Accessing grants, subsidies, sponsorship.

Checking your statement and managing your claims

Controlling Your Costs – Variable vs Fixed

Session 3:

  • How to ensure there  are no surprises
  • Having the ability to evaluate potential opportunities
  • The challenges and opportunities of non-recurrent funding

Session 4:

  • What are the characteristics of High Earning Practices
  • Committing to an Action Plan

Workshop Objective

By the end of this one day workshop, delegates will have a clear understanding of the revenue streams available to their Practices, as well as a practical awareness of a number of tools, techniques and approaches which will enable them to control costs and optimise practice profitability. 

The workshop provides grounding in the basics of managing a practice’s finances. Attendees will gain confidence of how to control the day-to-day operations, whilst at the same time developing an awareness of planning and forecasting skills so as to successfully deal with the financial challenges ahead.

Who should attend

This workshop is designed for Practice Managers or Partners dealing with the finances and contracts.

Workshop Duration

Full Day