FREE TRAINING: Finance 101 (Starts October 23rd)
Starting this Fall, The Halifax Chamber is pleased to offer a FREE 10 week, educational program to help grow your business. This program is offered to businesses, managers, and employees at zero cost. Invest your time into learning the skills, and the resources available to benefit your business, managers or employees.
Measure What you Treasure
Measure What you Treasure is a course designed for owner-operated businesses that do not have a dedicated finance department. The course will teach participants how to make decisions about their business based on their financial statements. Participants will do a deep dive into their costing models and allocate resources to the products and or services that bring in the most profits. After taking this course participants will be able to read their financial statements with confidence and increase the strategic value of their accountant conversations.
COURSE OUTLINE
Module 1 – Know your end game!
Our journey ahead – the Measure What you Treasure process
Your journey ahead – your BHAG and your purpose
Know what you can afford to lose
End game options & why you need them
Mindset over money
Module 2 – Understanding MERCS and other costs of doing business
Structuring your business; the financial pros and cons.
What is a BN and why you need one.
What is the true cost of hiring an employee.
Paying yourself – best practices
How do I build a financial safety net for me and my business?
Module 3 – Demystifying your financial statements – moving past Profit and Loss
Driving your own financial bus
Getting down to basics:
Balance Sheet
Profit and Loss
Cash Flow
Why you shouldn’t ignore your balance sheet – It all begins here
Module 4 – Profit and Loss Statement – more than just revenue!
Understanding the profit and loss statement
When is a sale really made?
Deep dive into the Cost of Goods Sold
A new look at expenses in the profit equation
Module 5– Cash Flow – Business Killer or Queen Maker?
Building a statement of cash flow
Cash flow versus revenue
Cash versus Accrual Accounting – which applies to my business?
Case study - lets investigate how this applies in the real world!
Module 6 - Analyses of an Empire
The key ratios to know and watch
How ratios tie into business success
Preparing your business for financing
Managing your financing – How to talk to investors.
Module 7 – Garbage in = garbage out
The value of proper bookkeeping
Customizing your chart of accounts
Cost principles
The D word – depreciation
Double entry tips – when is it a debit or credit
Cash Study – building on Module 5
Module 8 – Using your Financial Statements as Decision Makers
Pricing for profit
Your costing landscape – know your margins
Key cost divers in your business
Module 9 (4 hours) – Bringing it all together
The fraud triangle – good fences make good neighbours
Knowledge review
Your freedom plan – your financial strategic plan
What past participants are saying about April Stroink and Measure What you Treasure.
April Stroink is a strong and enthusiastic communicator. She has the ability to make a daunting subject come to life in relevant ways for various people, all at the exact same time. Her attention to values, skill levels and goals of clients, gives her the ability to communicate strategies from a “real world” place in time.
As a teacher, she is able to help unlock many of the mysteries around the world of finances in a fun and collaborative environment. I personally watched as she was able to engage all participants and give each what they needed to feel confident enough to verbally and physically display the given tasks in front of each other. Finances, taxation, liabilities and everything in between can be scary, physically draining and mind boggling. April Stroink has what it takes to make this subject fun and beneficial for even the most resistant client.
Date and Time
Tuesday Oct 23, 2018
12:30 PM - 4:30 PM ADT
Starting October 23rd, 2018
10 Week Course
12:30-4:30pm on Tuesdays
Note: This course will break for the Holidays. Your last day of classes will be on December 11th and will resume on January 8th.
Location
Halifax Chamber of Commerce
32 Akerley Blvd
Dartmouth, NS B3B 1N1
Fees/Admission
FREE
MEMBERS ONLY
$100 Deposit is required (to be returned upon completion of 10 week course).
You will be contacted upon registration for deposit information.
Contact Information
Ashley Stobo, Event Specialist (902) 481-1236
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