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FaBLinker


                          
                                      Click on FaB logo to gain access to FaBLinker. You must become a registered member of FaB in order to
                                                   access FaBLinker, registration & membership is
FREE.


WHY
USE FaBLinker?

The real drivers of value in business are people who can invent, design, produce and sell products/services but a financial perspective directs and informs our decisions. Unfortunately, many people working in business have low levels of financial skills and this skills-gap in the 'real drivers of value' is a serious anomaly and major contributor to high rates of business failure. Financial awareness will improve decision making and sometimes help avoid disastrous commercial decisions.
 
Practical Business-Finance involves understanding and using the 'financial scorecards' i.e. the Profit & Loss Account, Balance Sheet and Cash Flow. The techniques and knowledge required are easy to learn especially using this tool to explore and practice. Learn by doing!
 
An important benefit of finance to the non-specialist is the discipline it imposes. It provides a ready-made structure to check that we have considered all aspects of a business case. The 'discipline' grows from the four fundamental elements used in finance to classify all the activities in business:
 
  • Income
  • Expenses
  • Assets – things the business owns such as buildings, machinery, vehicles, inventories  and requires in order to produce and deliver products and services to customers
  • Liabilities – things the business owes such as share capital/retained profits (owed to the owners), Long-term loans, short-term loans, credit from suppliers and needs in order to fund the assets.
 
Almost all decisions in business will involve two or more of these blocks. For example, strategies to increase sales (Income) may require added costs for advertising (Expenses) which if successful will lead to a demand for additional funding (Liabilities) for investment in new machinery and larger inventories (Assets). These are the 'assumptions' underlying any business plan, strategy or decision.
 

HOW TO USE FaBLinker

In any business case our assumptions can, and should, be quantified. This financial tool prompts us to consider & value each aspect of our decisions & strategies, and then instantly show the results of our assumptions in the coherent framework of financial statements and ratio analysis.  

Three ways to get the best from the application are:
 
1. Use it to learn about finance and business:
Select NEW to deliver a blank canvas to create and explore any situation you want to examine.

2. Use it to help build explore you case study:
Validate the financial viability of the conclusions you draw and the recommendations you make to deliver a well argued case that will stand up to the scrutiny of multi-disciplinary panels.

3. Export files to excel and create multi-year projections:
Save any number of scenarios and use the EXPORT button to send the results to an Excel® spreadsheet for customised analysis and presentation.


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FabEducation (FaB being an acronym for Finance and Business) is an innovative new site providing opportunities to lean about finance and business in an exploratory and practical way. Use the site to learn the connections between business activity and financial statements and to explore the metrics of your own case study.
Entrepreneurial Quotes:

“The real source of wealth and capital in this new era is not material things...it is the human mind, the human spirit, the human imagination, and our faith in the future.” - Steve Forbes

"Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations." - Steve Jobs

“Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined” - Peter Drucker

“If you're not failing every now and again, it's a sign you're not doing anything very innovative.” - Woody Allen

“Innovation distinguishes between a leader and a follower” - Steve Jobs

"The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it.” - Debbi Fields

“If I had asked the public what they wanted, they would have said a faster horse” - Henry Ford

"You win by trying, and failing. Test, try, fail, measure, evolve, repeat, persist, …" - Seth Godin

The most successful people are those who are good at Plan B.” - James Yorke

“Creativity is contagious, pass it on” - Albert Einstein

"Business opportunities are like buses, there's always another one coming." - Richard Branson

“Learning and innovation go hand in hand. The arrogance of success is to think that what you did yesterday will be sufficient for tomorrow.” - William Pollard

“Innovation is the ability to see change as an opportunity - not a threat” - Peter Drucker

“People mix up entrepreneurship with risk-taking ...An entrepreneur is a risk-minimizer, an opportunity seeker.” - Peter Farrell

"An entrepreneur tends to bite off a little more than he can chew hoping he'll quickly learn how to chew it.” - Roy Ash

"Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you're generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don't make." - Donald Trump

“I wanted to be an editor or a journalist, I wasn't really interested in being an entrepreneur, but I soon found I had to become an entrepreneur in order to keep my magazine going.” - Richard Branson

"I never perfected an invention that I did not think about in terms of the service it might give others... I find out what the world needs, then I proceed to invent." - Thomas Edison

“Never before in history has innovation offered promise of so much to so many in so short a time.” - Bill Gates

“Nobody talks of entrepreneurship as survival, but that's exactly what it is and what nurtures creative thinking.” - Anita Roddick

 
 
 
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