Innovation Central Society is helping businesses scale and grow in the City of Prince George.
Weak financial literacy is one of the single biggest reasons why small businesses don’t succeed. According to Intuit Canada, 44 per cent of small business owners have below average financial literacy skills and only 18 per cent could be considered above average. Without the technical know-how or the support to aid them, the odds are stacked against entrepreneurs who want to succeed and grow.
Join us for a free 1-hour networking and learning session with financial experts. Find out the pitfalls to avoid and how companies can protect and plan for growth in their business.
This is a session explaining the financial implications of growth of a business, tools and techniques to analyze and plan for growth, and the best times and best reasons to grow a business.
Session Overview:
This is a basic session explaining the terms and concepts of business growth.
- What are common mistakes entrepreneurs make around cashflow management?
- How do we plan for growth and expansion?
- What are the financial implications of growth?
- Will growing my business increase my profits?
- How much cash will we need to expand?
- What happens if we get unexpected growth?
Learning Objectives:
- To be able to determine when business expansion makes sense
- To understand how to project growth and expansion and to know how to react when unexpected growth occurs
Norm Adams & Justin Speers.
Commerical Account Manager – Integris Credit Union
Both Norm and Justin are Commercial Account Managers at Integris Credit Union. They will be sharing with us their experiences around the importance of proper cash flow planning in a small business or startup as well as some of the common mistakes and challenges they have seen.
Cindy Thomson, CPA, CA
Partner – Deloitte Private
Cindy is a partner in the Prince George office, and has nearly 20 years experience in public practice. She has been a part of the Deloitte team meeting the needs of owner managed businesses in a variety of industries including a depth of experience in the forest industry. She also practices in the financial institutions and public sector industries and serves a number of professionals. As a trusted advisor to her clients, Cindy’s focus is on working closely with owners and their management team, to be successful in growing their business.
She was named one of the Prince George Chamber of Commerce Top 40 Under Forty in 2014, and Rotarian of the Year 2014 – Rotary Club of Prince George.
