Get a handle on your small business financials

by
Financial Bootcamp for Small Business workshop poster

"Financial Bootcamp for Small Business” is a half-day, don’t miss workshop.

Do you feel nervous talking to your banker? Do you understand the difference between a cash flow and a profit and loss statement? Are you thinking about selling your business?

If these questions spark something in you, you should check out an upcoming workshop offered by the Kootenay Rockies Innovation Council (KRIC) and Community Futures East Kootenay (CFEK) in your area.

“This ‘Financial Bootcamp for Small Business’ is a half-day, don’t miss workshop for small business owners who want to better understand key business concepts and financial statements,” said Tara Penner, Project Manager with KRIC.

“We’re bringing in a stellar business expert, Krista Mallory, to explain the key financial principles that underlie good business decisions.”

The Bootcamp workshops are offered in Elkford (Oct. 7), Cranbrook (Oct. 8) and Invermere (Oct. 9.) Each runs from 8:30 am to 12:30 pm and includes a continental breakfast and all workshop materials. The fee is $40.

Penner said the workshop will hone in on some key sticking points for many small business owners, including succession planning, cash flow and business metrics.

By the end of the workshop, you’ll be able to:

  • speak more comfortably to your accountant or banker
  • assess the financial health of your business
  • understand key business ratios
  • proactively manage your cash flow
  • choose the best accountant
  • develop credit and collections policies
  • do a break-even analysis
  • find sources of local, provincial and federal support
  • plan for business succession

“It’s easy to register online,” Penner said. “Just visit kric.ca and click on ‘Financial Bootcamp.’” (kric.ca/financial-bootcamp) “There you’ll find links to the registration page for each of the communities.

The facilitator, Krista Mallory (BA), is Business Advisor in the Kelowna office of Women's Enterprise Centre. Mallory has an economics degree from UBC Okanagan and was an Investment Advisor with Odlum Brown Limited prior to joining WEC in 2012.

Related articles

Kootenay BizBlog, East Kootenay, West Kootenay, Environment Climate change info centralized online

There’s a new online source for people seeking easy-to-understand information on climate change specific to local communities

Kootenay BizBlog, East Kootenay, Cranbrook, Education College of the Rockies welcomes new Vice President

Hicks takes over the Vice President role from Heather Hepworth who filled the position, on an interim basis, for the previous two years.

Kootenay BizBlog, West Kootenay, Rossland, Entertainment and Hospitality, Tourism The Josie Hotel in Rossland in the running for the 2019 Best New Ski Hotel in the World

The World Ski Awards is the only global initiative to recognize, reward and celebrate excellence in ski tourism

View all articles

Comments