FREE Comprehensive Financial Training for Small Business Owners

Information from the Small Business Development Centers

Join the Profit Mastery Virtual Program

Why Profit Mastery?

Starting and running a business is always a challenge, given the failure rate of 50-70% in the first four years. The economic volatility of recent COVID-19 disruption has only amplified confusion, anxiety, and fear.

Profit Mastery is an internationally-acclaimed leading financial management program that gives participants the tools and confidence needed to manage their businesses by the numbers. The program provides independent business owners unparalleled financial perspective and tools to take advantage of opportunities - and deal with challenges. Managing a business without Profit Mastery is like setting out for an unfamiliar destination without a road map, and the case-study format enhances the application to your network. You’ll be introduced to invaluable management resources that should be part of every business owner’s tool kit. You will laugh too, we promise!


September 7th - October 18th, 2020

This program will be delivered using both the online video curriculum and six virtual sessions to accompany each of the Profit Mastery modules.

FREE to Minnesota Small Business Owners impacted by COVID-19 (Retail price $895). You must be a client of your regional Minnesota SBDC to attend, so register to work with an SBDC consultant (at no charge) prior to registering for this event, in order to understand the financial concepts and develop a plan to utilize the financial literacy you will learn in this seminar. 

What's Included:

  • Unlimited three-month access to the online video curriculum.
  • Unlimited access to six supplemental virtual 45-60 minute sessions (live or archived) 
  • Downloadable course materials for each module.

To Register, contact:

Central Region Small Business Development Center
Barry Kirchoff, 320-308-4059
bckirchoff@stcloudstate.edu


Profit Mastery University Online Will Cover: 

Profit Mastery Module #1 - Introduction: Creating a Foundation for Success: Learn the primary causes of business failures/under-performance and how to avoid them. Understand the importance of monitoring financial position, along with an action plan for achieving and maintaining "fiscal fitness."

Profit Mastery Module #2 - Financial Ratio Analysis: the "Foundation" of Profit Mastery: Takes attendees beyond the basics of financial statement analysis. Explore the specific techniques of strategic financial analysis, learn about financial rations and how to use them. And, identify symptoms of financial distress and how to solve them. 

Profit Mastery Module #3 - Price-Volume-Costs: Break-Even Analysis is the tool that owners and managers use to gauge results of changes in costs, volumes, or pricing. Break-Even provides a method to analyze the present to help drive future profits higher. 

Profit Mastery Module #4 - Cash Flow: A discussion of why you need to perform cash flow analysis, how to do it, and the impact it can have on the way you run your company. Build a profit plan and cash budget.

Profit Mastery Module #5 - Financial Gap Analysis: Assess your current survival position, identify the potential costs of future growth, as well as get acquainted with the “Sponge Technique,” an innovative, realistic strategy to wring much needed cash out of a balance sheet.

Profit Mastery Module #6 - Dealing with Banks: Learn how to properly
package and communicate information to increase chances with funding sources. The topic of transition planning is addressed and resources that support this process are provided.


About Your Instructor

Steve LeFever, MBA, CFE, is the founder of Profit Mastery and one of the most unusual bank managers you’ll ever come across. He is arguably the most dynamic financial and independent business advocate working in North America today, and he is amazingly adept at presenting sophisticated financial concepts and tools in practical, understandable language. This is finance like you’ve never seen it before!