Dates:
21 May/7 November 2008 (a one-day course)
Price:
£349+VAT or £250+VAT for IPG members - if you are an IPG member, please let us know when you book, so that you are charged at the discounted rate.
Venue:
The Publishing Training Centre in Wandsworth, London (see a map and a list of local hotels)
Book course online or phone +44 (0)20 8874 2718 for availability
"It is very effective in untangling the complications of the balance sheet, demonstrating the importance of cash flow and working out if what looks like a profit really is a profit."
Steve Savage, Steve Savage Publishers Ltd
"I found it not-intimidating (my initial fear), stimulating, and directly applicable to my business."
Dick Warner, Class Publishing
Some independent publishers focus too heavily on the creative side of publishing at the expense of the financial aspects of running a business.
And when you're driven by a passion for publishing, the figures can indeed seem unimportant.
This is hardly surprising - but it is risky. At best, a sketchy knowledge of finance could mean your life is a lot harder than it needs to be. At worst, your business could be in jeopardy.
This course has been developed to address this problem.
This collaboration between the Independent Publishers Guild (IPG) and the Publishing Training Centre will help clarify the business aspects of publishing. It's designed to help you (a) establish a firm platform on which to build your business and (b) plan ahead effectively, so you're never caught out by events.
The course runs from 9.30 to 5.00 and delegate numbers are limited to a maximum of 16, to guarantee a high level of personal tuition and assistance.
Delegates are encouraged to email questions in advance, and to follow up with queries.
Programme
- Welcome; introduction; objectives
- Where does the money come from?
- Sources and uses of money
- Basics of setting and managing budgets
- Calculating gross margin
- Controlling costs to improve margin
- Case study 1: A Guide to Wildflowers
- Calculating the optimum print run
- Profit & Loss Account: history book and forecasting tool
- Overheads - understanding their impact (direct/indirect/re-allocated)
- Modifying sales forecasts - impact on margin and profit
- Case study 2: declining profit ratio
- 'The Struggling Company'
- Making tough choices
- Key Ratios: break-even, mark-up, return on investment, stock turn
- Elements and essentials of the balance sheet
- Cash flow forecasting; 'when' and 'how much'
- Questions; round-up
Your tutor
Richard Balkwill has more than 25 years' experience in educational and children's reference publishing, latterly as a publishing director at Heinemann. He is now an independent consultant running CopyTrain, a writing, training and copyright service for publishers. He is also the author of The Multilingual Dictionary of Copyright, Rights and Contracts.
Send details of this course to a colleague.
Dates: 21 May/7 November 2008
Price: £349+VAT or £250+VAT for IPG members - if you are an IPG member, please let us know in the 'Other information' box below, so that you are charged at the discounted rate.
Venue: The Publishing Training Centre in Wandsworth, London (see a map and a list of local hotels).
Make a provisional booking on Financial Management for Independent Publishers
Please complete this form to make a provisional booking. You will then receive an acknowledgement by email.
Shortly afterwards, we will send you a registration form with which you can confirm your booking.