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Wood Manufacturing Cluster of Ontario Wood Manufacturing Cluster of Ontario
  • EVENTS
  • TRAINING & PROGRAMS
    • Cyber Security Program
    • Health & Safety Training
    • Leadership Training
    • Sales Training
    • Digital Marketing Training
    • Lean Training
      • Online Lean Certification
      • Lean Training Events
    • Benefit Program
    • Health & Safety Excellence Program
    • Plant Tour Focus Groups
  • MEMBERS DIRECTORY
  • NEWS
  • ABOUT
    • About Wood Manufacturing Cluster of Ontario
    • What is a Cluster?
    • Watch our Rebranding Announcement
    • How It Works
    • Membership Includes
    • Mission & Vision
    • Board of Directors
    • Our History
    • Contact Us
  • JOB BOARD
  • MARKET PLACE
    • BUY & SELL
    • PRO’S CORNER
    • MEMBERS SERVICES & PROGRAMS
      • Post your service or program
  • EXPORT RESOURCES
  • RFQ
  • JOIN NOW
    • Why Join
    • Testimonials
    • Contact Us
    • Join Now
  • LOG IN
Aug 28

BWA LEARNING EVENTS DELIVER VALUE ON FINANCIAL MANAGEMENT SKILLS.

  • August 28, 2015
  • Michelle Holden
  • News

The BWA Learning Series Continued this month to address the complexities of skills required for successful financial management of your business!

18 BWA members took time from their busy summer schedule to engage in the third of the BWA Learning Series: Financial Management Skills.

Bank survey’s reveal competent “Financial Management” skills as the #1 differentiating behaviour factor attributed to high-performing successful business owner/entrepreneurs.

George Lightfoot of Entrepreneur Support Services combined elements of several courses to provide a high-impact day of training for members. The day was specifically designed to help action-oriented commercial/family operated business owners and managers understand & use “Financial Statements” as effective management tools, to discover ways to: 

  • Increase Profits & Profit Margins, Reduce & Control Expenses!
  •  Develop & Initiate Measurable “Profit Improvement Plans!”
  • Understand Bankers & the Importance of Developing Good Relationships
  • Read & Understand Financial Statements & Use Them As Management Tools
  • Determine & Improve Business Values!
  • Prepare Budgets & Cash Flow Statements
  • Prepare Bank Credit Requests
  • Understand, Calculate, Benchmark & Monitor Key Financial Ratios
  • Government Guaranteed Small Business Loans” & “Wage Subsidy Programs”
  • Cost/Mark-Up/Price Guidelines To Help Achieve Realistic Profit Margins Set Standards

Members enjoyed candid discussion on dealing with banks and getting the most out of financial institutions.

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Related Posts

  • BWA Recognizes Hon. Minister Bill Mauro, MNRF, for Supporting BWA Cluster! BWA Now Expanding Cluster Region to include Southwestern Ontario!December 4, 2015
  • BWA RECOGNIZES HON. MINISTER BILL MAURO, MNRF, FOR SUPPORTING BWA CLUSTER! BWA NOW EXPANDING CLUSTER REGION TO INCLUDE SOUTHWESTERN ONTARIO!December 4, 2015
  • BWA Members Keep Up Date with Software/Machinery Integration and Finishing Technologies!November 24, 2015
  • BWA MEMBERS KEEP UP DATE WITH SOFTWARE/MACHINERY INTEGRATION AND FINISHING TECHNOLOGIES!November 24, 2015

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