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Do you Think a Recession is coming by 2024?
What is your predictions? Most economists forecast that 2024 will have many uncertainties.
In addition to economic uncertainty, the competition is getting stiffer, business owners now face competition from local as well as global companies.
So, the billion-dollar question is how to stay ahead of the game in 2024. How to survive in a difficult market with limited resources?
You will get the answers from our upcoming webinar [Tougher Year in 2024? How to Overcome and Thrive？] Our experts will share with you economic , business insights as well as cash flow management knowledge.
There are still 50 seats left. Join NOW!
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| This is a 3-hours webinar split into 3 sessions: |
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| Topic 1： Are We Heading towards a Recession? What Should SMEs Plan Ahead? |
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The first session will be conducted by Mr. Tommy Xie, the Head of Greater China Research, OCBC. He will give insights of How China as well as the U.S. economies will affect our local Malaysia economy and how SME businesses can prepare for the market changes.
1. With market expectations evolving towards higher terminal interest rates in most major economies, there is a growing risk of a significant slowdown in the global economy. This evolving market expectation presents challenges to economies worldwide, with emerging markets particularly susceptible to capital outflows and foreign exchange pressures.
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2. In China, the post-Covid economic recovery appears to be losing momentum. The central bank's recent interest rate cuts in June have led to further depreciation of the RMB, causing increased market volatility.
3. Meanwhile, the Malaysian ringgit has been under pressure due to concerns about a global slowdown and the currency's strong correlation with the RMB. However, despite external pressures, Malaysia's growth momentum is expected to continue into 2024.
What You Will Learned?
1. Keep an eye on the latest global trends
2. Anticipate the implications for foreign exchange rate markets
3. Keep update of the latest forecasts for key currencies such as USD, CNY and MYR.
4. Understanding the potential risks and opportunities amid rising geopolitical tensions as China navigates the delicate transition.
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| Topic 2： How to Plan and Utilise Cash to Generate Biggest Return in Bad Time |
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In session 2, YYC Group CEO & Finance Expert Datin Shin will share with you on how to maximise your cash flow despite the current uncertain economic conditions. She will guide you on the use of 6-month cash flow plan, cost-optimization strategies, and the cash conversion cycle tool to prepare you for the challenging market. She will also show you how to use The Power of One to squeeze out cashflow and profit margin.
1. Cash is king, analyse cash flow statements: Learn how to analyse and interpret cash flow statements.
2. Evaluate business health: Use cash flow analysis tools (CCC Tool, Liquidity Indicators [Gearing]) to understand the financial health and stability of a business.
3. Manage and solve your cash flow issue: To understand effective cash flow management techniques (7 Engines)
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What You Will Learned?
1. Master your 6-month cash flow
2. Cost Optimization
3. Shorten Cash Conversion Cycle
4. The Power of One to generate biggest profit and cash
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| Topic 3：If You Are Planning to Expand Your Business , One of The Way is Through Export |
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The third session will be shared by Ms. Noor Ezzwanee Ahmad. She is the Head of Exporters Advisory Units in Matrade. In her session, she will share with you why local businesses should expand to international markets, especially during times like this and how Matrade will help your business to expand internationally.
To go through the export journey, you may feel it may be tough as you need to know the steps and how to get potential buyers.
All the steps will be well taken care and guided by Matrade.
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It is free to apply as Matrade membership and you do not need to go through any 3rd party agency or consultant.
Matrade is not only helping in the export journey, and they do provide different grant and incentives to Malaysia entrepreneurs to expand their business to overseas.
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| Don’t Miss out on this one in the lifetime opportunities where we have 3 experts from OCBC, YYC as well as Matrade to help you guide your business through uncertain times. Register Now because we have limited seats.
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YYC is a proud recipient of the Malaysian Brand.
YYC Group
Empowering business owners to grow their businesses for 49 years
●Audit & Assurance ●Tax Advisory ●Business Advisory
●Accounting & Bookkeeping ●Company Incorporation ●Payroll Outsourcing ●Digital Marketing
HQ: No.32 & 34, Lorong Thambi 2, off Jalan Brunei, 55100 Kuala Lumpur.
Tel: +6019-368 6868 / +6010-221 5045 / +603-9078 2868
Email : contact@yycadvisors.com
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