Chase Morrison Shows Pasadena Entrepreneurs How To Listen To Their Numbers At The University Club

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Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. More Cool Stuff HerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeautyThe Kardashians Know How To Throw A Good Party!HerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeautyPriyanka Chopra’s 10 Year Challenge Pic Will Surprise YouHerbeautyHerbeauty Chase Morrison doing his presentation.L-R: Ken Keller and Chase Morrison.As the monthly Business Growth Workshop series at the University Club reached its halfway point, Chase Morrison kept the momentum rolling in a positive direction. A partner at BSB CFO, Chase Morrison offered an engaging presentation entitled, “Your Numbers Are Speaking, Are You Listening?” that lit up the room. The vibrant mix of entrepreneurs and business owners who showed up at 7:30 in the morning for the workshop learned about the details of financial planning from the perspective of a truly experienced business consultant and chief financial officer.The problem for owners of businesses across the board as they continue to grow is cash management and how to effectively use resources to help a company. Although every business journey appears predictable, the result always seems to be a surprise. In the beginning, the finders are in charge as they grow the business during the honeymoon phase. A B2B truism, however is the simple reality that “Most Finders do not spend a lot of time methodically planning their business infrastructure.”As a result, after the initial infrastructure creation and the honeymoon phase, most businesses hit a point where growth without proper planning begins to cause damage. The original ethos and strengths of the business can be lost as Minders take control of the day-to-day business operations, replacing the initial success of the Finders with a more traditional business perspective. If the Finders did not plan their infrastructure, formalizing the zeitgeist of a company, the new infrastructure can sap the life from a company. After all, a B2B truism is, “The failure to plan infrastructure will eventually hurt the company.”When Minders take over from the Finders, a business sinks into the morass of bureaucracy. Stuck in this morass, financial problems arise because new business is not being generated. In addition, previous business relationships can be damaged as the company becomes more faceless and less enthusiastic as it grows. Most importantly, the initial emphasis on cash flow is replaced by meetings and management. With the honeymoon phase a distant memory, welcome to The Danger Zone.If a business wants to escape The Danger Zone, the company’s mindset needs to be shifted from minding back to finding. By focusing on the key metrics of a healthy company while delegating the minding responsibilities, Finders can revive the heart of what made the business a success in the first place. The focus needs to be on cash flow and developing processes that produce relevant insight into the mechanics of what makes the business successful.As Chase Morrison’s engaging presentation continued, he went into a number of advanced business metrics about managing working capital and creating viable benchmarks. A business owner needs to start with their Value Proposition by understanding why companies buy from them as opposed to a competitor. By identifying critical success factors and asking the right questions, even a business in financial trouble can recover and return again to the road of success.Throughout the presentation, questions were asked as the Pasadena entrepreneurs applied the concepts being explained to the realities of their own business lives. Once again, the University Club has shown its value to the Pasadena community as a place where professionals can gather to learn from each other in a supportive environment. Given the enormous insight provided by Chase Morrison at the latest Business Growth Workshop, it is exciting to imagine what is to come in the second half of the program. If you are a business owner in Pasadena, it is an opportunity that truly should be taken advantage of in order to help optimize your company and build your network.About the AuthorGrowing up in New York City as a stutterer, John Lavitt embraced writing as a way to express himself when the words would not come. After graduating from Brown University, he lived on the Greek island of Patmos, studying with his mentor the late American poet Robert Lax. As a writer, John Lavitt’s published work includes several articles in Chicken Soup For The Soul volumes and poems in multiple poetry journals and compilations. Today, John Lavitt works at Open Interactive as the Director of Content Development. As a journalist, he is a Regular Contributor to The Fix where he writes investigative reports about the latest issues in the world of addiction and recovery.center_img Your email address will not be published. Required fields are marked * Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Make a comment Community News Community News Chase Morrison Shows Pasadena Entrepreneurs How To Listen To Their Numbers At The University Club Article and Photography by JOHN LAVITT Published on Tuesday, July 1, 2014 | 12:40 pm Name (required)  Mail (required) (not be published)  Website  Subscribe 19 recommended0 commentsShareShareTweetSharePin it First Heatwave Expected Next Week last_img read more

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Support for bill to help reduce insurance costs

first_imgTwitter Texture photo created by freepik – www.freepik.comCASTLETROY representative of Aontú, Eric Nelligan welcomed cross-party support in the Dáil last week to his party’s motion to make it a statutory crime to commit perjury.Mr Nelligan spoke to the Limerick Post about the importance of making it illegal to lie under oath for personal gain. He believes that the financial consequences of perjury and fraudulent claims can be devastating to people’s lives and businesses.Sign up for the weekly Limerick Post newsletter Sign Up “In some cases, resulting in people losing their livelihoods. A number of business in Limerick City and County have been unable to reopen since the easing of pandemic restrictions. We must do all we can to help and support businesses struggling in this current environment. We believe this bill will offer long-term financial savings,” Mr Nelligan commented.Aontú submitted their bill to the Dáil in partnership with the Regional Group of TDs. The bill seeks to penalise those who lie under oath for personal gain to help curb insurance costs which are continuing to spiral out of control.This bill was initiated by former Independent Senator Pádraig Ó Céidigh and received cross party support when it passed in the Seanad.Last week the motion received Government support to immediately establish the Dáil Select Committee on Justice and for Committee Stage of the Perjury and Related Offences Bill 2018 to be the first item of business on the agenda before October 31.“As soon as the committees are established, we ask our colleagues to pass this much needed legislation so that it can be swiftly signed into law. It sends a signal to all that lying under oath for personal gain is no longer acceptable.“Placing perjury on the statute books is not just about penalising those who commit perjury, it is about preventing those from doing it in the first place. Tough sanctions may make someone think twice about lying and diverting the course of justice,” Mr Nelligan said. NewsPoliticsSupport for bill to help reduce insurance costsBy Alan Jacques – August 11, 2020 94 Linkedin Email Printcenter_img Facebook Advertisement WhatsApp Previous articleQuarter Finals set for Limerick SHCNext articleLimerick Jazz Festival going ahead this September Alan Jacqueshttp://www.limerickpost.ielast_img read more

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