Financial Management.
The film explains how two very different types of business manage their finances - high-flying salad bar chain Tossed and SRA, a social enterprise dedicated to helping people with mental health problems to get back to work. SOURCES OF FINANCE: Before you can do anything you need money. Tossed founde...
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| Format: | Streaming video |
| Language: | English |
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[Place of publication not identified] :
TV Choice,
2009.
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| Online Access: | A Kanopy streaming video Cover Image |
| Summary: | The film explains how two very different types of business manage their finances - high-flying salad bar chain Tossed and SRA, a social enterprise dedicated to helping people with mental health problems to get back to work. SOURCES OF FINANCE: Before you can do anything you need money. Tossed founder Vincent McKevitt deliberately avoided selling equity in his business, relying instead on loans from wherever he could get them. By contrast, as a social enterprise, SRA's sources of finance are a bit different from your average business - undertaking contract work for primary care trusts. CASH FLOW: Tossed has to estimate how much money they'll get in and, vitally, when they think they'll get it - the essence of cash-flow. At SRA budgeting is crucial to its financial control. More important at Tossed are breakeven figures for each of its salad bars - essential to boss Vincent's plans for expansions. PROFIT & LOSS: Tossed boss Vincent wants to do more than just survive - he wants to make a profit, and to know how much profit he's making. The balance sheet and the profit and loss account provide a guide to the financial health of the business. Making sure it gets its money in on time is vital to SRA's cash flow. But not everyone pays on time. Some don't pay at all! That's why it has to have an efficient system of credit control. |
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| Physical Description: | 1 streaming video file (32 min.) |
| Playing Time: | 00:32:00 |
| Format: | Mode of access: World Wide Web. |