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Profit Mastery: Practical Tools For Control, Survival and Success

April 24, 2023 - April 25, 2023

Description

Profit Mastery Business Financial Training Workshop April 24-25, 2023
This Free two-day case-study driven program turns ordinary financial statements into powerful financial intelligence.

Starting and running a business is always a challenge, given the failure rate of 50-70% in the first four years. The economic volatility of the last few years has only increased that challenge.

Profit Mastery is a leading financial management program that gives participants the tools and confidence needed to manage their businesses by the numbers. The program provides independent business owners unparalleled financial perspective and tools to take advantage of opportunities. Starting and running a business without Profit Mastery is like setting out for an unfamiliar destination without a road map. You’ll be introduced to invaluable management resources that should be part of every business owner’s tool kit. You will laugh too, we promise!


Day 1: Live

8am-5pm (lunch included)

*Dress comfortably & bring a calculator.*

MONITORING FINANCIAL POSITION

  • Understanding the Income Statement
  • The Roles of a Balance Sheet
  • Financial Ratios & Efficiency
  • Financial Cause & Effect
  • Case Study & Practical Application

CAUSE & EFFECT: ROADMAP TO A BIGGER BOTTOM LINE

  • Identifying Financial Distress
  • Seeing the Symptom
  • Identifying the Cause of the Problem  Prescribing a Cure
  • Improving Cash Flow and Profitability

INCOME STATEMENT: BREAK-EVEN ANALYSIS

  • Managing Income Statement
  • Understanding Cost Behavior
  • Contribution Margin
  • Applying Break-Even in Your Business
  • Case Study and Application

Day 2: Live

You will get access to the complete Profit Mastery online curriculum for three months so you can finish and review the course at your convenience.

PROFIT PLANNING AND CASH FLOW ANALYSIS

  • Developing a Profit Plan & Budget
  • Identifying Key Patterns of Cash Flow Developing Seasonal Cash Budgets
  • Cash Forecasting as a Tool
  • Funding Seasonal/Long-Term Growth

PLANNING AND MANAGING LONG-TERM GROWTH 

  • Role of the Balance Sheet
  • Operating Leverage
  • The Cost of Growth
  • Planning Successful Growth
  • Case Study & Practical Application

DEALING WITH BANKS AND FUNDING

  • Understanding Loan Approval
  • What Bankers Look For
  • Putting a Package Together

Who Should Attend: 
Business owners, managers with direct financial responsibility, and anyone interested in learning more about financial management. 

CPAs receive 16 NASBA-compliant/QAS Accounting Credits


Who is Your Profit Mastery Instructor?

Steve LeFever, MBA, CFE, is the founder of Profit Mastery and one of the most unusual bank managers you’ll ever come across. He is arguably the most dynamic financial and independent business advocate working in North America today, and he is amazingly adept at presenting sophisticated financial concepts and tools in practical, understandable language. This is finance like you’ve never seen it before!


Time

Monday and Tuesday, April 24-25 Monday from 8:00 am - 5:00 pm Tuesday from 8:00 am - 5:00 pm

Location

Fort Vancouver Regional Library - Goldendale Community Library

Camplan Room Gallery

Contact Information

Greater Goldendale Area Chamber of Commerce
Name: Nicole Lundin
Email: nicole@goldendalechamber.org
Details: For help with registration, call the Chamber office at 509-773-3400

Welcome to Profit Mastery Business Financial Training 2-day workshop. Registration is required for this Free business training. Please use a valid email address and input all required information. 

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