- This event has passed.
Profit Mastery 2016
October 12, 2016 @ 8:30 am - 12:30 pm$295
See Your Company’s Financials in a Whole New Light
Statistics show that over half of all businesses that fail each year do so despite reporting profits and record sales. Profit Mastery: Getting Control of Your Business is a 16-hour course designed to help business owners and managers get more from their financial statements. Through case studies and a down-to-earth style, experience this remarkably powerful program.
Profit Mastery is easily understood by business owners and managers at all levels who want to better understand their financial statements and get the most value out of them. The six key topic areas include:
1: PROFIT MASTERY INTRODUCTION
Seven Steps to Building Value
Errors and Omissions Check List
Biz FIT Assessment
2: FINANCIAL POSITION
Evaluating Performance Using Ratios
Using the Scorecard and Road Map
Complete a Profit Mastery Assessment
3: PRICE – VOLUME – COSTS
Break-Even: An Underutilized Planning Tool
Your Income Statement as a Management Tool
Understanding the Impacts of Changes in Price, Volume, and Costs
4: CASH FLOW
Projecting an Income Statement and Related Cash Budget
Forecasting the Future
Projecting Seasonality in a Business
Applying Efficiencies to Your Forecast
5: MANAGE GROWTH
“Financial Gap” – What a Business Thinks It Needs for Growth vs. What It Really Needs
Sustainable Growth Rate
6: BANKS AND TRANSITION
Dealing with Banks and Bankers
Alternate Sources of Funds
Planning for Business Transition
Instructor Chris Parson is a Profit Mastery trained facilitator. Chris was the director of the NWMT Small Business Development Center in Kalispell from December, 2008 until September 2013. He has a BS in Economics from MSU in Bozeman and was certified by the national development council as an Economic Development Finance Professional in November, 2010. Chris is also a professionally trained roundtable facilitator and a certified instructor in the Herrmann Brain Dominance Instrument focused on Whole Brain ® thinking.
Wednesdays October 12th, 19th, 26th and November 2nd from 8:30 a.m. – 12:30 p.m.
The $295 fee allows each company to send two representatives and includes a manual and 90 days’ online access to the videos beyond the end of the instruction.
Registration: FVCC Continuing Education Center, 406/756-3832 or
View Flyer HERE.