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SMALL BUSINESS FESTIVAL - Know Your Numbers

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Know Your Numbers
Understanding Your Profit and Loss, Balance Sheet and Cash Flow to Make Better Business Decisions

Tuesday 25 August 2026 10:00am - 12:00pm No Charge Smart Business Solutions
Level 1 / 328 Main Street Mornington, VIC
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OVERVIEW

Many small business owners are brilliant at what they do, but have never been shown how to truly understand the financial story behind their business. This practical, confidence-building session is designed to change that. Know Your Numbers is a hands-on workshop created specifically for non-financial business owners who want clarity, control and confidence in their decision-making. 

This session breaks down your key financial reports and shows how to use your numbers as a tool for smarter strategy, better planning and sustainable growth.

We recommend bringing your laptop so you can follow along using your own financial software (Eg, Xero).

WHAT YOU'LL LEARN

By the end of this session, you will walk away with:
  • A clear understanding of what your key numbers actually mean
  • The difference between profit, cash flow and cash in the bank
  • How to read and interpret your Profit and Loss and Balance Sheet with confidence
  • Common financial blind spots that catch small businesses off guard
  • How to use your numbers to make better decisions around pricing, staffing and growth
  • What early warning signs to watch for before financial problems arise
This session focuses on practical understanding you can apply immediately.

Who this session is for

This workshop is ideal for:
  • Small business owners and sole traders
  • Micro to medium-sized businesses with 1 to 20 employees
  • Start-ups through to established businesses
  • Business owners across all industries
Experience level:
  • Beginner to intermediate
  • No prior financial or accounting knowledge required
  • Designed specifically for non-financial business owners who want to better understand what their numbers are telling them

Why this session is high value

Poor financial decisions are usually made because the numbers feel confusing, overwhelming or intimidating.
This session is high value because it removes fear and confusion around financial reports and replaces it with clarity and confidence.

You will learn how to ask better questions, spot issues earlier and avoid cash flow stress and unexpected surprises. Most importantly, you will gain the confidence to make proactive decisions based on understanding, not guesswork.

The content is practical, relatable and immediately applicable for local businesses of all types.



MEET YOUR FACILITATOR

Shannon Smit, Founding Director
SMART Business Solutions Group

This session is presented by Shannon Smit, Founder and CEO of SMART Business Solutions, a Mornington-based advisory firm supporting small and medium-sized businesses across accounting, business advisory, financial planning and mortgage broking.

MP Shire Small Business Festival
Know Your Numbers

Understanding Your Profit and Loss, Balance Sheet and Cash Flow to Make Better Business Decisions.


REGISTER
 REGISTER