Small Biz, Think BIG - Finance

Small Biz, Think BIG - Session 4 - Finance

It's always among the top ten reasons listed for small business failures:  insufficient working capital.  You have to have enough cash for your business to thrive.  How do you get it?
 
Every small business owner knows, revenues have their ups and downs.  One steep down cycle often spells the end when there isn't enough ready cash accessible to make it to the next up cycle.   A business can be viable long-term but without the cash to weather the storms in the near term, it's game over.  For the company that does manage to weather the storms, there's opportunity for growth, but once again, extra cash is usually needed.  Sometimes that growth consumes the reserves that a strong company has in place to survive down cycles and then, dire results loom for even a thriving business.  Every small business owner has to constantly be aware of what elements are central to enabling the business to attract critical outside funding.  Be it a bank or an investor, the business? long-term survival will hinge on some simple practices used by its management and the knowledge of how and where to look for outside financing.  This seminar will show the small business owner how to quickly re-tool existing business methods so that when the need arises, the company is athletic and ready to present itself to lenders or investors.  Additionally, knowing where to look for the right kind of funding for the specific business type can save many hours of knocking on the wrong doors.  Find out what's out there for financing, and how to get it.

This seminar will contain two parts.  The first will feature a presentation by Paul Strebel, CPA, CFP, Business Coach, with The Strebel Planning Group.  Paul has been practicing as a financial advisor since 1984.  His background covers accounting, financial services and insurance.  He also served as tax manager for an international corporation.  As a certified business development coach, he works with entrepreneurs, business owners, and professionals to create better businesses and lives through a unique coaching program.

The second half will include a panel format with opportunity for Q&A.  The panelists include Brian Qualiy from the SBA, Diane Lantz from REDEC, Regional Economic Development and Energy Council and Mike Cannon from Tompkins Trust Company.