Fall is budget season. Firms prepare an annual business plan and budget for the upcoming new year. Are you ready?
Join PSMJ’s Dave Burstein, P.E., AECPM, and Brian Flynn, author of Profit Fundamentals—Maximizing Engineering Firm Profits, in this free webinar onThursday, September 28, 2017, 4:00 PM - 5:00 PM EDT.
This must-see program provides those in charge of AEC firm finances with a real-world business planning and budgeting system.
Focused on revenue and expense forecasting, Dave and Brian will outline six practical steps to develop a financial budget your architecture or engineering firm can use in the upcoming calendar year. You will learn an easy-to-follow method for creating a budget that really works.
They begin with calculating revenue capacity. They then build with each step, ending with a realistic budget that meets your strategic goals—and a plan on how to achieve it.
Throughout the presentation, Dave and Brian will share valuable benchmarking data from PSMJ's2017 AE industry benchmark surveys.
Such insight into exclusive benchmarks gives the audience a way to check “reasonableness” as Dave and Brian explain each important step in the creating of a budget.
In this webinar, you will learn how to develop a financial budget and business plan by:
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Looking at revenue—Learn how to estimate revenue capacity and chargeability/utilization
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Focusing on expenses—Estimate overhead rate, raw labor costs, and find the Direct Labor Multiplier
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Estimating profitability and allocation of year-end profits
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Using Key Metrics to determine “reasonableness”
This year’s tools and benchmark data are brand new so even if you attended last year, you should plan to attend this important webinar.
Also, throughout the presentation, Dave will be using his Capacity Budget Template.
At the conclusion of the webinar, attendees will get a FREE copy of this exclusive 2018 budgeting and planning tool—just for attending!
By attending this webinar, you can also earn 1 LU hour.
