18 Queen St. Charlottetown Riverview Rooms
Show Me the Money
How to Lose the Least from Inflation
Every small business knows that every dollar counts. The lesson? Be careful where you put it. It’s a matter of survival, and as inflation compounds this sometimes-losing battle, small businesses are in need of a lifeline.
Our presenting members will introduce a discussion on how to lose the least amount of time, energy, and resources from inflation by maximizing your cash flow, reducing your accounts receivable, and executing proactive legal strategies. A Q&A session will follow, allowing you to pose anything to your panellist of choice.
Topics
Cash Flows Everything Around Me
by Michael Fitzpatrick
Trying to perfect and maximize your allocation of limited cash is too often an obstacle besetting small businesses, especially in this time of inflation. Learn to effectively manage your cash flow and avoid shortages that could hinder day-to-day operations or growth initiatives. Master budgeting, financial forecasting, and expense management and stay ahead of the curve.
Show Me the Money
by Krista Walsh
Timely and consistent cash flow is vital for small businesses, and a major component of that is managing accounts receivable. Learn to optimize your invoicing processes, encourage prompt payments, and handle late payments to maintain a healthy cash flow and reduce the risk of unpaid invoices affecting your financial stability amid periods of high inflation.
The Right to Know
by Scott Barry
Small businesses are vulnerable to unique legal challenges, ranging from contract disputes to intellectual property issues. Understanding legal rights and responsibilities, along with how to navigate potential conflicts, can help your small business protect its interests and minimize the financial and operational impact of legal disputes. Proactive legal strategies can safeguard assets, reputation, and overall business continuity.
Meet Our Panelists:
Krista Walsh
Krista Walsh was a failure. At twenty years old she had been fired three times in six months from her career as a dental assistant. As she had to re-evaluate her career path (and face unemployment), Krista moved back home with her parents to work in her family’s home heating business. Driven by the fear of failure, she studied and researched account receivable strategies and policies.
Today Krista is a multifaceted entrepreneur, author and speaker with businesses spanning from debt collection to fitness. She has been named an Emerging Leader for Atlantic Canada (twice), Chamber of Commerce’s Entrepreneur of the Year, Canada Association of Professional Speaker’s Rising Star and has developed into one of Canada’s leading young entrepreneurs.
Michael Fitzpatrick
Michael Fitzpatrick is a founding Partner with Fitzpatrick & Company, a Charlottetown based Business advisory firm. Michael provides service to a diverse clientele, with a focus in Tax. Audit, Assurance and Transactional Services. He has several years of service to owner-managed businesses and extensive experience in the design, implementation and evaluation of financial reporting systems, in addition to general business management. Michael was awarded his CA designation in Alberta and has since practiced in Nova Scotia and Prince Edward Island. Throughout his career, Michael has worked with a wide variety of clients from coast to coast in Canada across North America. In 2013 Michael was awarded, by The Institute of Chartered Accountants of Prince Edward island (ICAPEI), The Early Achievement Award for remarkable accomplishments early in his career. In 2015 Michael was recognized by 21 Inc. as an emerging leader in Atlantic Canada.
