SBSS 2.0 - After your 1st year in business: Are You Profitable?
The Small Business Success Series is an educational program for entrepreneurs to equip them with the skills and connections they need to run a business day-to-day.
Session #6 is After my 1st year in business: Are You Profitable?, with Chandra Deaust of Avail CPA.
Establishing your financial records and bookkeeping system is one of the first orders of business when starting your company, but what should you revise after a year of doing business? What should you look at and what could be improved?
This session will answer these questions and will help you verify if you are setting the right prices. Setting prices is both an art and a science. The science is determining your costs … and the art is understanding the underlying role price makes on customer buying behavior. This session has both a marketing and a financial focus as we get to the heart of how pricing plays an important part in your overall business success. Book this seminar today to understand how to establish the right business strategy for your company.
- help you analyse your cash flow statement, balance sheet and income statement in order to improve your profitability and potential growth.
- Understand how daily business transactions affect your financial statements.
- Review CRA's requirements for record keeping.
- Understand the 4 C’s of pricing: Costs, Constraints, Customers & Competition.
- Learn about fixed Costs, variable costs and total absorption costing.
- Know when to use pricing as a comparative.
- Discuss pricing for sales vs. pricing for profits.
About the Presenter:
Chandra began her career with Avail CPA in 2005 and has focused the majority of her career in the areas of small business services and non-profit auditing.
As a Partner in the Lethbridge office, Chandra is a member of the firm’s Business Consulting team, Not-for-Profit value-added services group and the virtual accounting Maxim department.
She oversees Avail CPA’s bookkeeping division and is a champion for women-in-business initiatives at the firm and in the community.
The knowledge Chandra has cultivated has helped her teach her clients the value of sound financial data and the importance of strategic business planning.
Session Date Increase Your Productivity and Get More Done: Digital Tools for Business Success 22-Jan-19 Access to Capital for Small Businesses 19-Feb-19 Tax Tips and Strategies for Small Business Success 19-Mar-19 Growth Planning for Developing Businesses 16-Apr-19 Reach More Customers 21-May-19 After Your 1st Year in Business: Are You Profitable? 18-Jun-19