29 Mar Essential Advice and Support: Talking Financial Growth Strategies

On 28th March, Fashion-Enter Ltd’s Founder and CEO, Jenny Holloway gave an online masterclass on: ‘Financial Growth Strategies: Taking Your Micro Business to the Next Level.’

The session was open to Fashion Technology Academy learners and FC Designer Workspace residents, as well as the general public / small business owners of Islington, that would like to discover practical strategies to drive financial growth and maximise profitability. There were 17 attendees signed-in to the seminar. 

During the free 1-hour session Jenny covered:

Pricing Strategies for Micro Businesses

• Understanding the importance of strategic pricing for profitability
• Exploring different pricing models and approaches for micro businesses
• Determining optimal pricing points based on market factors and value proposition

Cost Management and Efficiency

• Identifying cost drivers and areas for cost reduction in micro businesses
• Implementing cost-effective strategies and techniques
• Maximising operational efficiency to enhance profitability

Financial Analysis and Performance Evaluation

• Interpreting financial statements and key performance indicators
• Conducting financial analysis to assess business performance
• Making informed decisions based on financial insights

Funding and Capital Management

• Exploring funding options and capital management strategies for micro businesses
• Understanding the pros and cons of different funding sources
• Optimising working capital and managing financial resources effectively

Expansion and Growth Planning

• Developing a growth strategy for a micro business
• Identifying expansion opportunities and assessing associated risks
• Creating a financial plan to support business expansion efforts

The session ended with Jenny welcoming any questions from the attendees and some great feedback on how helpful and clear the information was.