October 28th, 2012 by admin
August 7th, 2012 by admin
Financially literate people build financially literate businesses
In a dynamic series of Future Map’s four hour Business Literacy Workshops with the Commonwealth Bank Mortgage Innovation Business Owners, a variety of topics were covered from individual goal setting to group analysis of Cash Budgets, Profit & Loss Statements and Balance Sheets.
Each session started with individual time to reflect and review personal goals and analyse and discuss best practice personal financial management. The second part of the Business Literacy Workshop opened up valuable discussion around each business owner’s unique strategic positioning, leading into group analysis of the key financial statements and how to use them to monitor growth and make more effective business decisions.
From Brisbane to Melbourne to Sydney we found the same thing – the value was in having the time and the space provided to discuss and compare strategies around tracking and analysing the business financials and personally apply the learning.
Again the participation and feedback was great with the most common take aways being an increased commitment to “being more diligent in analysing my financials monthly”, “using that spreadsheet to keep a closer eye on my cash-flow”, “meet with my bookkeeper monthly” and “more regularly viewing my personal budget”. Other comments included “I’m going to run through how to work out our Break-Even Point with my team”, “I’m going to set up a goals and tracking board in the office”, “I’m going to do exercise 3 times a week” and “I’m going to go home and talk about our family goals with my wife”.
Nathan Kerr, National Manager Mortgage Innovation, Commonwealth Bank wrote the following note.
“Thank you Zoe and Alisdair for the recent ‘no surprises’ series of workshops you ran for our Mortgage Innovation Business Owners. The feedback has been terrific, especially around the tools and exercises you went through to assist in managing their businesses and the engaging manner that it was delivered. It was great for the team to spend some quality time reflecting on the key financial drivers in the business
I am sure we will see the value of the workshops reflected in the growth of the individual businesses and the over all business in the months to come.
We look forward to follow up sessions”
Thanks all, well done and so do we.
July 31st, 2012 by admin
Helping the spirit of Australia to be financially savvy
In an effort to take this financial literacy and planning information to as many working Australians as possible, we recently worked with Qantas. The participation and feedback was great.
This time the audience was the Australian network for Qantas Ground Operations Safety and was made up of Safety & Compliance Managers, Safety Advisors, Health and Occupational Rehabilitation Managers and their corporate team. It was held at the Qantas Centre of Service Excellence in Alexandria.
As usual, we started by challenging the group to reflect on their past achievements and personal strengths. With a new wave of confidence flowing through the room we started on a group bucket list where there were goals to pay off the home, drive across Europe in a combi and watch the cricket at Lords.
We then placed goals in specific timeframes, built action plans and everyone spent time getting into the nitty gritty of their personal finance.
The group was made up of avid planners, first time planners and anti-planning agents, all of whom after covering spending, debt, insurance, compound interest, the asset classes and super – walked away with 1-2 actions to take to potentially save them 100’s of 1000’s of dollars – and peace of mind.
We thank you and look forward to hearing of your success.
July 10th, 2012 by admin
Preparing Australians to start work
On escapades to the west coast, Future Map works with Indigenous Services Australia (ISA) to provide financial literacy training as part of ISA’s 6 week Work Ready Program, assisting young Australians in preparing to start work, largely in Western Australian based mining and construction companies.
We talk about goals, spending choices, setting up bank accounts and facilitate each participant in building a relationship with their bank manager. The program is a mix of interactive team building activities and time for personal application.
Recently we received this email. Please note names have been changed for privacy reasons.
I wish to congratulate the team on the Work Ready Program that you ran last week and commend the pastoral care aspect to this training.
Robert attended his appointment today and was very positive. He said that last week was life changing and he could not get over how much of an impact the two days of team building and advise on financial management and time management had on his ‘new’ outlook to life and managing life when he is away. He said he is writing a “to do list” everyday and finding this helpful, getting up early and he has opened another bank account for his kids future. He said the roller operator course was brilliant and he is looking forward to flying out in June. He said he has already put his hand up the next project after the Airport which will take him back to his ancestors land.
He was visiting his GP today to set up a dietary plan and he is looking forward to that challenge of losing weight and becoming more healthy and conscious of his well being. On behalf of my client I wish to thank you.
We thank and congratulate everyone on the course.
July 2nd, 2012 by admin
Building teams, building skills
We love the ALI Group team and the responsiveness and chatter they bring to the table during their Future Map sessions.
The ALI Group CEO approached Future Map following an internal restructure. It was the perfect program to invest in the remaining team, settling them into a new phase of the business. Following a successful morning ‘taster’ session run for ALI Group’s Team Leader of Operations, Manager of the Contact Centre and Office Manager in February 2012, it was decided in March to roll the Future Map program out to the rest of the team.
The program was arranged so we’d spend one day a month for four months in their office – half the group joining us in the morning and the remaining group participating in the afternoon. The teams shared lunch in the boardroom when the sessions changed over.
Running the program for 15-20 people in the morning and the other half of the group in the afternoon ensured ALI Group call centres stayed open and saved costs as they were able to halve the Future Map facilitators travel.
Whether it be goal setting and bucket lists, insurance (their own cuppa tea!) or suddenly REALLY understanding the meaning of compound interest, superannuation, dollar cost averaging or negative gearing – this group laughs and shares their way through each session.
Each team member has embraced the opportunity to improve their own lives and financial future.
Some of the star outcomes include going home and starting conversations to kickstart a family plan with a husband or partner, inspiring friends to write goals on a weekend, finding and consolidating 15 super funds, setting up systems to track spending, setting up a high interest savings account to take the kids to Disneyland, helping each other to organise life insurance and deciding to talk to an accountant about setting up a self-managed super fund.
Thank you all for your fabulous efforts! Look forward to seeing you next session…
April 19th, 2012 by admin
Strengthening team culture, work quality and efficiency
People are bringing conversations and worry around rising interest rates, shrunken superannuation and mortgage commitments into the workplace as much as anywhere. In the short term, this distracts workers and impacts productivity. In the long term, it’s a heavy hit to morale and engagement when companies are already competing to retain talent.
Over August -September 2011, Martin Harris, Technical Director of RDA introduced the Future Map financial literacy program into his workplace for this reason, and with huge success.
‘Since engaging with Future Map, RDA Group’s engineering team has shown an amazing increase in positivity not only toward their personal development but also ensuring colleagues around them are achieving their personal and financial goals. We have found a willingness from the team to share information openly amongst the group to reach common goals – further strengthening our team culture, work quality and efficiency.’
The RDA team found the sessions just as productive and personally engaging, the directors receiving personal thank you emails after the sessions.
‘Thank you for introducing this program to our office I personally found it very enlightening and beneficial. I thought the session was constructed well, the presenters were both informative and down to earth which made it easy to follow and fun. I am really look forward to our next meeting and seeing how the whole program brings us closer as a team in the office while also achieving our personal goals. But, for now I need to fill out my book and bucket list!’ – Vanessa
Thanks to everyone at The RDA Group!