Many businesses are dependent on environmental factors, commodity prices, markets and many factors outside of your control. Part of effective risk management is identifying when your business is in trouble and determining how best to adapt, pivot or evolve. In many cases, this means talking with lenders who may make concessions, lend new money or force your business into receivership.  The key to turnaround is early identification and proactive discussions with your business stakeholders.

In this session you will learn:
                
Common causes of financial distress and external and internal factors influencing outcomes
The current state of the economy as it relates to business and consumer insolvency
How lenders evaluate your business situation and how they can help 
Macro economic risk factors impacting your business
Key metrics to highlight troubling financial results
Identifying risk in your supply chain
How to recognize negative trends and identify the drivers of these trends
What resources and options are available to your business if trends cannot be reversed

Meet Your Facilitators

Robert Trumper
Robert Trumper is a Senior Manager with MNP based in Calgary.  With a focus on Performance Improvement, Robert has worked with a variety of organizations to drive improvements in profitability, cycle time reductions, and capacity improvements. Robert is a certified Lean Six Sigma Black Belt and has significant experience at leading and implementing process improvements using lean and six sigma tools.
        
Vanessa Allen
Vanessa is a Partner and a Senior Vice President with MNP’s corporate recovery group in Calgary. She leads both formal and informal insolvency and turnaround engagements for troubled companies in a wide range of industries, including oil and gas, not-for-profit, retail / wholesale, manufacturing, mining, transportation, real estate, hospitality and gaming.  A trusted advisor working in restructuring since 2002, Vanessa handles business review and Monitoring engagements for companies that may be experiencing poor financial or operational results.  

        
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As a practicing professional, your business and personal lives are intertwined.  As such, it is important to understand how taxation works and where there are opportunities to minimize your taxes and effectively structure your business. This session will:
            
Provide participants with an overview of taxation (both personal and corporate) 
Outline basic reporting requirements
Outline current tax rates and integration 
Address common deductions and compensation options
Outline basic tax planning and tax minimization strategies
Provide insight into budget updates

Meet Your Facilitator

Nicholas Talarico
Nicholas Talarico is a Partner with MNP’s Tax Services team in Edmonton. Nicholas works with private enterprises, primarily professionals, and delivering comprehensive tax services designed to help them achieve their goals.  His services include tax planning and compliance for individuals, corporations, partnerships and trusts and planning for the purchase and sale of businesses and investment opportunities. He also assists with Canada Revenue Agency and other tax authority audits, including responding to authorities, representing clients and providing support to facilitate audits or other reviews.

        
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As businesses start out, you need to understand the importance of creating a Board of Directors, as well as tips to effectively form this important governance role over your business.   Learnings of this session explore:
                
The role of a Board of Directors,
The Board’s duties and responsibilities, 
Liabilities and protection for directors,
Assessing Board performance, and
Best practices in the area of Board effectiveness.

Meet Your Facilitator

Chris Hutchinson
Chris Hutchinson is a Manager with MNP’s Organizational Renewal group in Calgary. Drawing on more than twelve years of consulting experience, Chris has worked with organizations in the public sector and Indigenous Peoples including clients in the municipalities across northern Alberta, Government of Alberta, City of Calgary, non-profit organizations, and Metis Settlements.  His project experience includes strategic planning, organizational design, business transformation, change management, project management, strategic design, executive coaching and business process review.

        
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