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  • Expert Edge Seminar-Growing Your Business

Expert Edge Seminar-Growing Your Business

  • 11/08/2017
  • 8:00 AM - 9:00 AM
  • The Legacy at Clover Blossom - 100 McAuley Drive

Registration


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"Growing Your Business" - Presented by William J. Head, CPA and Sean O'Brien, CPA, MBA.

This seminar is geared towards small businesses that have had success with their product but are looking for ways to improve/grow.

Topics to be discussed:

1)     Knowing your opportunity Costs – Ways to determine the value of your time and applying that to the stages or processes of your operation

2)     Knowing your value Adds

  • Identify what areas in your business you enjoy doing the most (Development, marketing, sales etc.)

3)      Working off the principles of 1 & 2

  • Identify areas in your business that slow down your ability to do step 2 and estimated the cost (figure determined in step 1 multiplied by the hours it takes to perform that task)
  • What areas in your business might you want to outsource
    • Accounting/Finance, IT Security, Marketing, Invoicing, Payroll etc
    • 1099 vs. W2 employees

4)     Growth Risks

  • Overextending
    • EG new locations, staffing, overhead
  • Knowing when to grow – For Financial Reasons or Work life balance reasons
  • Mitigating overextending risk
    • Cash Flow Analysis – How healthy are my inflows, outflows and reserves
    • Breakeven analysis – What do I need to do to have this investment payoff (monetarily or work life)
    • Type of employee or independent contract agreements
    • Finding the right employees – Starts Now with networking and looking for individuals with the right fit. 
    • Finding the right Compensation to reward staff/contractors without risking Cash Flow - Setting up a compensation agreement that works within the Cash Flow Model (IE.  Do I pay low salary/high commission) 
Wednesday, November 8, 2017 - 8 AM to 9 AM

Note: Please arrive by 7:45am as the seminar will start promptly at 8am.

The Legacy at Clover Blossom - Media Room
100 McAuley Drive
Rochester, NY 14610

FREE Continental Breakfast

Registration is required. Admission is FREE for members and $20 for non-members.

Event Underwriter: The Legacy at Clover Blossom.

The Legacy at Clover Blossom - Nestled in the woods near a charming residential neighborhood in the Town of Brighton and moments away from world-class arts and entertainment in Rochester, New York’s cultural district, Legacy at Clover Blossom is a premier residence for discerning older adults.