FINANCIAL WORKOUT

1
FINANCIAL WORKOUT

• Managing daily operations and routine transition

2
Financial Workout

• Managing the chapter finances is one of the most
  demanding positions within the fraternity.
• It takes a management team to manage all of the
  details.
• The experience gained will be your greatest
  preparation for the business world.
• There is no substitute for the legacy that will
  left from successful execution of your plan.

3
Financial Workout
4
Financial Workout

• Financial Assessment
• How much are we spending?
• How much are we worth?
• How much is owed to us?
• How much do we owe?

5
Financial Workout

• Financial Planning
• What is your vision?
• Do you have a budget?
• Hows your performance against plan?

6
Financial Workout

• Financial Management
• Measurement system?
• Do you have accountability?
• Using a financial mentor?
• Whats your collections strategy?

7
Financial System
Treasurer
Assistant Treasurer
Collections Partner
Accountability Partner
Accountant
8
Financial Workout

• Summary
• Where are you today? ASSESS
• Where are you going? PLAN
• What system? MANAGE