As a business owner, your plans for the business are highly dependent on the relationship you have with your financial institution. This relationship starts with development and start up and will continue throughout the life of your business as your needs grow and change.
In this session we will:
investigate various observations on raising early development/start-up money;
focus on identifying the need for both debt and equity financing as well as potential strategies for sourcing corporate requirements;
provide participants with information on strategies for raising second stage financing, including alternative debt and equity instruments and potential sources for expansion capital; and
discuss banking issues related to business operations, loan applications, collateral issues and financing proposals.
Meet Your Facilitator
Nick is the Edmonton Regional Leader for MNP’s ease - External Financial Advisory service line. Nick’s focus is on financial advisory services – working with clients to identify and leverage key performance indicators, understand broad financial statement trends and analyses, and providing support in all other matters related to financial management within organizations. Nick is also involved in working with clients looking to raise or restructure financing and supports clients with early stage planning through to implementation of new deals. Prior to joining MNP in 2018, Nick worked in the audit group of a big-four accounting firm, before spending time working in industry with a combination of small and large entities in financial leadership roles.
As a business, it can be tough to keep up with customer demands as your industry changes and you wonder ‘What will be disrupted next?” Large companies may have research and development budgets to grow and foster innovation, but as a small or mid-sized business, you wonder how you can innovate with the time and resources you have available? You know that success can depend upon innovation and it is common for small businesses to focus primarily on existing products and services. Innovation is not just about large technological innovations - innovation can be simple ideas. Remember, it’s not enough to say that innovation is a priority - ensure you have a process in place, and continue to work at making it a priority!
In this session, you will learn:
What drives the need for innovation in small business;
How to build innovation into a business routine;
How to invest in innovation; and,
How to cultivate an innovative mindset.
Meet Your Facilitator
Nicole Is a Partner in the MNP Consulting practice based in Edmonton, serving clients locally and provincially. Nicole has over twelve years of experience in industry and management consulting. She has been involved in innovation, business process and operations improvement in many capacities, with diverse clients across multiple industries. Nicole obtained her Master of Business Administration from the University of Alberta in 2004 with focus on International Business Specialization, is Six Sigma Green Belt Certified, is Innovation Engineering Blue Belt Certified, and has participated in Lean Action Workouts. She and her husband are small business owners and are familiar with the need to innovate and market services. Nicole has exceptional client relations and is recognized for her professionalism, diplomacy and confidentiality in dealing with colleagues and her clients. Nicole is a disciplined project manager that provides strong operational support to clients and has managed a number of projects relating to Operational Effectiveness, Process Improvement, Organizational Review, Business Strategy and Planning, Market Assessment and Analysis. In addition, Nicole has led and participated in numerous engagements in a variety of areas including the private sector, provincial government, municipalities, municipal associations, non-profit organizations and post-secondary educational institutions.