More often than not employees find themselves trapped in a situation where they know they could do a better job, but just don’t have the right skills to implement more efficient routines. Training seems to be the key to solve their problem. However, there is always that question: “Should I pay for my training or should I ask the company to pay for it?”
In our experience, companies are more willing to pay for their staff’s training as long as they can see the short-term results of their investment, mainly improved process or product development.
Before going cap in hand with your training budget request, you will need to make a mini-business case for that. We at Cambridge Finance have therefore decided to create a template that you could use to persuade your employer to help you in this pursue.
First, you will need to fill out your details so we can personalise the letter and send to you.
Then, once you receive our letter, we recommend that you read it and edit it before sending it to your boss with the below guideline in mind.
Are the desired results, i.e. the short-term goals that you want to achieve with the training, aligned with our examples?:
- Improving financial modelling processes
- Making financial decisions through a robust financial model
- Adding sophistication to clients’ reports by adding financial analyses
Add or delete as necessary.
Do you think we have emphasised what kind of knowledge and/or skills are to be acquired in a specific course enough?
- Better understanding of real estate securities
- Better understanding of property investment analysis
- How to build a real estate financial model following best practice
- How to construct a discounted cash flow for single and multi-tenant properties
- How to create a leverage buyout financial model for real estate asset
Have we made it clear what your intentions are once you attend the course?
- Reviewing and commenting on your financial modelling processes and bringing about improvements
- Becoming more efficient in reading financial models and translating key performance ratios into actionable plans
- Improving financial decisions processes by streamlining profits forecast and cash flow analyses
Make it clearer if you can.
Have we included feasible timescales?
- Reviewing of financial models: 1 week
- Writing advices for improvement: 2 days
- Improved efficiency in reading financial models and spot mistakes: immediate, although on-going research will be essential to keep model updated and relevant
- Actionable plans from financial models: immediate, although our reporting system may need reviewing
Add a realistic time frame if you think that doesn’t work.
Don’t be afraid to ask; as some would say, you already have a no, so go for a yes.
Any questions or concerns, drop us a line. We are looking forward to hearing from you.