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Financial Intelligence Training Seminar

You may be an expert in your field, but do you have the expertise to operate a profitable business? According to the Small Business Administration, 90% of all small business failures are caused by poor financial management. A few of the reasons cited include:

  • Failure to properly plan
  • Failure to monitor financial position
  • Not understanding the relationship between price, cost and value
  • Failure to manage cash flow and grow

At Haggerty CPA, our primary goal is to help you to avoid becoming a representative of this statistic. We provide on and offsite as well as web-based training on the following topics:

New Business Start-up We will provide insight to your questions regarding incorporating, entity structure options, accounting systems, tax law compliance, payroll processing, risk management and a myriad of other information to help you avoid early pitfalls. We will share likely financing options for early stage enterprises.

Entity Selection and Taxes One of the first decisions faced by business owners is choosing the optimal type of legal entity in which to conduct business operations. There are a number of considerations that should be examined before making a final entity determination besides limit of liability and taxes. Learn when operating agreements are necessary and rules regarding capitalization and other formalities. Learn how your entity structure will impact your ability to receive money from your organization and much more.

Reading and Understanding Financial Statements Generating periodic financial statements is a non-value add effort if they are not used to facilitate decision-making, progress monitoring or growth strategy because no one understands what they are saying. We will teach you how to read and interpret the message of your financials and use this historical information to project growth and profit margins.

Finance for the Non-Financial When you talk to your banker and shareholders what do you talk about, EBITDA, ROI, ROA? Learn the essential financial terms you absolutely need to know. Learn what investors and lenders are talking about and looking at when deciding on the merits of your organization.

Ratio and Financial Statement Analysis Learn the important concepts underlying the financial analysis process. Gain knowledge of how to recognize early warning signals before a crisis occurs. Focus is on the use of ratio analysis, how to perform, evaluate and interpret results.

Finance for Leaders Get a firm grasp of the numbers side of your business. Improve your understanding and decision-making skills on such topics as working capital, cash flow cycles and management, accruals, write-offs, bad debt and other vital areas of business. Gain insight on the hows and whys of trend analysis. Discover the role of the Z score to your organization. Learn the what and how to of key performance indicators and how they can help you growth your business.

Cash-Flow Concepts and Management The cash flow statement has been said to be the "lifeblood" of an organization. Learn how to interpret the cash flow statement. Ascertain information to learn your organizations natural cash cycle and how to manage the funds flow. Learn the meaning of "free" cash flow and how to measure.

Forecasts, Budgets and Strategic Plans "Failure to plan is a plan to fail". Does this sound familiar? Learn the crucial differences between forecasts, budgets and strategic planning; Learn how each is aligned to the other, how to prepare and when implement each. Discover the use and design monitoring and measurement systems.

Succession Planning Did you know that over 70% of all businesses fail to transfer to the next generation? At some point every business owner will be faced with the same dilemma that being selling their business, passing it to the next generation of family and/or employees or just closing the doors. Learn what goes into the valuation of a business. Learn the best strategies for efficient and effective liquidation your company's value for your own personal benefit.

Family FIT Retreat Comprehensive class designed to facilitate financial education for all members of the family. You will learn how to compose, manage and monitor a family budget; how to involve each member of the family in the process. You will gain insight on the various vehicles available for emergency reserve saving as well as information regarding retirement and college funding options. We will help you identify financial minefields as well as how to put mitigation strategies in place. We will share simple philosophies on ideas to implement when income patterns change or the uptick or down-tick. These classes are held 1 Saturday per month. Please check the training calendar for the next class date.

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