Growing Together: Health Check-Up for your Business’ Financial Well-Being

September 17, 2014 @ 8:15 am – 11:30 am
Augusta County Government Center
18 Gov Center Lane
Verona, VA 24482
Shenandoah Valley Small Business Development Center

Health Check-Up for your Business' Financial Well-Being

Join active, growing businesses and resource providers as we discuss how you can assess the health of your business and diagnose potential health hazards using the "vital signs" from your financial statement data. Then learn about the various traditional and non-traditional funding resources that can help you grow.  Lots of time for Q&A and networking.  The Growing Together series is Free, but registration is needed to save your seat.

8:15-8:30  Check-in; Coffee & Refreshments; Networking

8:30-8:35  Welcome, Introductions, & Opening Remarks

8:35-9:35  Panel Discussion: Financial Health: Taking & Interpreting Your Vital Signs
Moderator: Greg Hitchin, City of Waynesboro
Panelists: Jim Hyson, First Bank & Trust; Andy Matherly, CPA; Steve Tomasi, Countryside Holding Company Inc.; Debra King, Manager, Gift & Thrift Shops, Inc.

Panelists will discuss how they use financial information to analyze, understand, and make decisions about a business. The emphasis is on strategic thinking and actually using information (reading the vital signs) as opposed to the all-too-common approach of "I give all that to my tax guy and he files the forms for me."

9:35-10:10  Hands-on activity w/ financial data

10:10-10:20  Morning Break/Networking/Visit Sponsors

10:20-11:20  Panel Discussion: Accessing Traditional and Non-Traditional Funding Sources
Moderator: Courtland Robinson, City of Staunton
Panelists: Lang Smith, Union First Market Bank;  Joyce Krech, SV SBDC; Beth Wilson, Business Finance Group

Panelists will discuss the variety of options available for financing a business, specifically growth-oriented businesses, and how various lenders might look at the business and business financials. Options to be reviewed: traditional commercial lending, federal (SBA/USDA) and state (VSBFA) lending programs, community micro-lending, crowd-funding/crowd-lending, online platforms, grants, and more. Handouts w/ resource contact info will be distributed.

11:20-11:30  Announcements/Evaluations/Adjournment


About the Growing Together Series

Building on the success of the Growing Together 2013 series, economic and business development organizations are once again partnering with public and private firms in the Central Shenandoah Valley to present the 2nd Annual Growing Together series.

Designed to strengthen the region’s economic vitality through informational and technical assistance, this year’s 4-part workshop series will be held on the 3rd Wednesday of each month, August through November.  The Augusta County Government Center location in Verona has been selected for its central accessibility to owners and managers of existing businesses located throughout the Valley.

These seminars are free to all attendees thanks to the generous support of sponsoring organizations. All will run from 8:15–11:30am, and will include keynote presentations + panels of practitioners + Q&A.  You may attend one or all four sessions; pre-registration will ensure a seat.

Learn about the full series here.