A good succession plan not only deals with the transfer of ownership but also the transfer of leadership. Without a clean transition of leadership, relationships and people the chances of failing are much higher. This webinar is designed to cover the essential components of succession planning and provide participants with possible exit strategies for transferring their business. 

In this session, you will learn

                
Where to begin and the succession planning process;
The benefits to succession planning;
Traps to avoid when establishing a succession plan; and
Blind spots to be aware of during the succession planning process

Meet Your Facilitator

Lynne Fisher is a Succession Specialist and leader of MNP’s ExitSMART service.  For more than 15 years, she has worked with business owners to help them make and implement the “best” transition choices for their personal, business and family situations. In this capacity she has worked with privately held companies of all sizes, implementing transitions to family and/or Management and Employee buy-outs.

            
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The fundamental financial risks associated with farming have not changed in recent years, but they have increased due to changes in the agricultural landscape. Farmers are more than producers of food, they are perceived as caretakers of the natural environment and provider of quality goods of that environment. This webinar is designed to discuss financial risk management at the producer level to grow and strengthen your business and will demonstrate practical application of risk scenarios using MNP’s Risk Management Projector TM. 

In this session, you will:

                
Learn how to identify financial risks;
Understand how to manage financial risk;
Review tools to model and manage financial risk at the producer level; and,
Gain insight required to develop and implement a financial risk management plan.

Meet Your Facilitator

Shea Ferster, CPA, CA, is a Business Advisor with MNP’s Agricultural Services team. Based in Saskatoon, Shea has 18 years of public practice experience and is actively involved in the operations of his family farm. He works primarily with owner-operated agriculture businesses, including the Hutterian Brethren. In addition, he is the coordinator of MNP’s Farm Income Support Programs group for the Saskatchewan region. Drawing on his extensive knowledge of agriculture and the various farm income programs available, Shea helps clients manage their risk and identify unique opportunities for increased success. His aim is to help create customized solutions for Ag producers so that they can positively impact profitability and achieve their business and personal goals. Shea was designated a Chartered Accountant (CA) in 2002 after graduating from the University of Saskatchewan with a Bachelor of Commerce degree

            
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As a small business, your financial wellness is top of mind as you navigate the uncertainty of COVID-19 and move towards recovery. Whether you are operating in hospitality, real estate and construction, oil and gas, or the numerous other industries that are the backbone of our Alberta economy, you must make tough and critical decisions as you strive to remain successful.  

In this webinar you will learn tools and tips on how to:

                
Restore and maintain profitability, focusing on service lines or products, cash flow and inventory management,
Scale your business up or down, or pivot as required using sales and operations planning,
Ensure variable costs are truly variable by employing strategic workforce planning and material resource planning; and
Plan for future disruptions using tools that can be accessed systematically to maintain your business viability when factors outside your business change.
Meet Your Facilitator

Sean Moorfield is the Saskatchewan lead for Performance Improvement Consulting. His primary focus is on helping businesses improve operational efficiency, through comprehensive implementations. His concentration is not centered around writing reports, but on the implementation of systems and re-designing processes at the point of execution to achieve measurable financial improvement. 

            
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As your business manages through the uncertain pandemic environment, government programs change, decisions on staffing and people management continue at the forefront and you want to be positioned to build and maintain a strong balance sheet to support your business into the future. 

In this webinar, you will gain insight on: 

                
Government programs, including CEBA, CEWs and Workshare, including how or when to access them, 
The COVID-19 crisis that can be used when times are back to normal;
Identifying and capitalizing on opportunities in a downturn, including retaining your best people
Managing staff relationships and continuing to foster a culture of trust, and
Adapting to the new virtual reality, leveraging common tools to find a new normal.
Meet Your Facilitator

Sean Moorfield is the Saskatchewan lead for Performance Improvement Consulting. His primary focus is on helping businesses improve operational efficiency, through comprehensive implementations. His concentration is not centered around writing reports, but on the implementation of systems and re-designing processes at the point of execution to achieve measurable financial improvement. 

            
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Owning a farm means your business and personal lives are intertwined.  As such, it is important to understand how taxation works and where there are opportunities to effectively structure your farm operations to allow for both risk management and minimization of taxes.

This session will:

                
Provide participants with an overview of taxation as it relates to farm operations (both personal and corporate), 
Outline basic reporting requirements (the basis for taxation and initial tax planning issues),
Address year-end determination including dividends versus bonus which form the basis for shareholder/owner remuneration, and
Outline expense deductibility and basic tax planning strategies as it relates to farm operations.
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A competitive strategy identifies how a business intends to compete in the markets it serves. This strategy provides the glue that gives shared meaning to all the activities within the business. 

In this session, participants will:

                
Learn how to set effective strategies that are straightforward in their intent and direction,
Determine how to create a clear sense of direction for their business, and
Begin to think about how to position themselves to grow and develop their business with confidence. 

Meet Your Facilitator

Janice Decelles is a Senior Consultant in the Consulting practice of MNP.  Her focus since joining the firm in 2005 Is to provide training and consulting to self employment clients and general human resource services.  An expert facilitator and instructional designer, she has extensive training management experience in the insurance and financial services sectors and is a certified customer service trainer.  Skilled in both individual and group training, Janice prides herself on being a positive contributor to her clients’ overall success.  Janice holds a Bachelor of Arts degree and an Advanced Certificate in Human Resources. 

            
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Congratulations on your graduation!  Thinking about starting your own practice?  Then this webinar is for you!   This webinar is designed to cover the essential information to consider as you begin your journey to launch your practice.  

In this session, you will learn about:

                
The different structures and what may work best for you (i.e. sole proprietor, partnership and incorporation)
Action steps required in setting up your practice
Options and tax considerations when reviewing insurance and disability needs 
Planning and considerations when choosing office space
Bookkeeping options for a new practice
Financial planning for new businesses and owners
The value of a team of advisors
Meet Your Facilitator

Kerry Smith, CPA, CA, is a Partner within MNP’s Professional Services team in the Vancouver, B.C. office. With a strong focus on incorporated professionals, Kerry provides efficient and effective accounting, taxation and consulting services. He takes pride in looking beyond tax returns and financial statements to help clients achieve their personal and business goals. Drawing on his experience with the firm’s Professional Services team as well as two years overseeing the financial planning of high net-worth individuals at a boutique wealth management firm, Kerry is able to assist clients in many aspects of their professional career such as cash flow management, debt repayment, retirement, and strategic tax and estate planning.

            
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Business owners need to communicate effectively to promote their business to customers and potential customers.  There are a range of promotional activities to invest your limited promotional dollars, so the key is focusing on cost-effective methods of gaining exposure and building awareness and credibility.  

In this webinar, participants will learn:

                
the communication process and how to choose between the different methods of communicating to achieve their business goals, and
hands-on methods proven to develop clear and effective messages that will resonate with target markets.

Meet Your Facilitator

As a National Marketing Manager, Morgan Melnyk manages the marketing strategy for MNP LTD, the largest insolvency firm in Canada, which provides both consumer insolvency and corporate recovery services in 17 regions across Canada. In this role, he implements a variety of marketing tactics across multiple channels including, Digital, Content, Social, PR and Traditional Advertising. Morgan believes that a wholistic marketing strategy based on research, analysis, optimization and ultimately accountability is fundamental to achieving, and exceeding, business objectives. 

For nearly 10 years, Morgan has worked in Calgary developing marketing strategies for a variety of industries, including professional services, technology, energy, retail and environmental businesses. Morgan holds a Bachelor of Commerce with a double major in Marketing and International Business and a double minor in Economics and Political Science. 

            
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Businesses rely upon solid financial planning techniques in order to maximize cash flows and monitor and manage expenditures.  Financial matters do not come naturally to many business owners.  This course helps business owners and their management teams to learn and understand the overall process for budgeting, including basic budgeting guidelines and how to ensure roles and responsibilities encompass this important area.

In this session we will cover:

                
forecasting or planning revenue and expenses of a program or for an organization as a whole,
planning activities for the next fiscal year,
allowing an organization to allocate overall resources,
securing funding, and
planning for future cash flow needs.

Meet Your Facilitator

Annette Bester is a partner in MNP’s Saskatoon office. Partnering and working with companies in all stages of their business cycle for almost 19 years, Annette helps to support and strengthen their leadership. Over her career Annette has worked with a number of businesses with a focus to helping clients understand not just their historical financial information but what the information is telling them from a forward-looking perspective.

            
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