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Structuring your business for growth
The document outlines Meetup #92 focused on structuring businesses for growth, featuring discussions on real-world case studies and strategies for effective business management. It emphasizes the importance of scalability, resources, and structured planning for achieving long-term business success. Additionally, it highlights community engagement and upcoming events organized by Silicon Halton.
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Structuring your business for growth
- 1. Structuring You Businessfor Growth, Real World Case Studies Meetup #92: | Tue Jun 27, 2017
- 2. • 6:30 pmWelcome, Thanks and Show of Hands • 6:40 pm What’s Happened • 7:00 pm Meetup Topic and Q&A • 8:00 (ish) pm What’s Happening, Socializing and Networking Agenda
- 3. Welcome, Thanks and Showof Hands
- 4. the people who makethings happen in the Silicon Halton community join our grassroots community and contribute – it’s worth it!
- 5. Thank You ToSilicon Halton Sponsors and Partners Interested? Speak to Chris Herbert
- 6. Show Of Hands • 1,572members • 50,000+ views on Slideshare • 2700 Twitter followers • 244 Pinterest followers • 84 meetups • 5 Active peer2peer groups • 1 Special Interest Group Program (TU20) • Hundreds of LinkedIn discussions • Hundred$ of thousand$ of dollar$ changing hand$
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- 10. Oakville Matters onCogeco Topic: The Role of Innovation in Oakville's Future A roundtable discussion hosted by Oakville Mayor Rob Burton. Panelists: • Dorothy St. George - Oakville Economic Development Director • Reena Carlini – Haltech CEO • Rick Stomphorst Silicon Halton Co-founder https://youtu.be/lJDIGEG4o_k
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- 12. Structuring You Businessfor Growth, Real World Case Studies Meetup #92: | Jun 27, 2017
- 15. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 As a professional and trusted advisor to your business, my role is to provide you with information, options and practical solutions so you can make informed decisions. Solutions need to add value to your business while allowing the flexibility to adapt to an ever-changing business environment. GREG CLARKE Partner | CPA, CA
- 16. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 As Partner and CEO of the firm, I’m grateful for the opportunity to lead our team. I love the challenge leadership brings, as well as the opportunity to connect with our community. I try to keep abreast of emerging issues that affect our clients and their businesses. My main focus is making sure we put the best possible team on the field every day to help our clients succeed. JOHN CHISHOLM Partner and CEO | FCPA, FCA, CFP
- 17. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 Topics of Discussion • SB Partners History and Growth • Key Growth Points and Considerations • Importance of Growth Milestones • Maturing Company and its Management Considerations • Scalability: Growth Potential or Deterrent? • What has Happened in the Real World?
- 18. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 • Humble beginnings on Brant Street • Hiring the first employee and then adding to the mix • Growth of the firm and associates • Introduction of new partners • Development of business units • Dealing with growth, firm governance and leadership of the firm SB Partners History and Growth
- 19. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 Key Growth Points and Considerations PRESIDENT SALES OPERATIONS MANAGER ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE RESEARCH & DEVELOPMENT HUMAN RESOURCES CONTROLLER
- 20. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 • Growth requires scalability which is impossible without structure and resources • Adding resources at first is dependent on what you can parcel off to others. What are you doing and what should you be doing? • Set roles and responsibilities, develop processes and monitor • What are the critical success factors? • Think leverage! • Working on, not working in your business Key Growth Points Considerations
- 21. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 • Where does growth come from? • Growth usually requires capital • Can capital requirements be funded internally or will it need outside partners (Bank, Investors, Friends/Family)? • What are the implications of financing? Key Growth Points Considerations
- 22. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 Why is This Important? • Growth is not success unless your vision is a larger company than just yourself • Leverage and process is the key to growth. Without leverage and process, scalability is impossible ⁻ Process drives consistency and reliability ⁻ Leverage produces volume • Both are interdependent in order to lead toward success Professional Perspective
- 23. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 Success Chart 0 2 4 6 8 10 12 BusinessValue Years Proof of Concept Critical Mass Professional Management
- 24. WHAT HAS HAPPENED INTHE REAL WORLD CASE STUDIES Structuring Your Business For Growth: Real World Case Studies 06/27/2017 It’s important to learn from other successes and failures.
- 25. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 What Has Happened in the Real World Case A – Software company growing at 30% rate per year Case B – Household goods manufacturer growing at 20% per year but was under capitalized Case C – Plywood manufacturer with struggling operations Case Studies
- 26. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 • Growth of 30% per year • Strong cash flow and reserves due to upfront licensing • Strong product demand • Growth started to be impeded due to lack of management structure since the owner was involved in everything • Implementation of management group to solve the issue Case A Software Company
- 27. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 • Designed household goods for sale through major retail chains • Strong demand for product • Chronically underfunded with low working capital • Company growth expanded but the owners waited too long to look for financing and they didn’t have the personal resources to support the company • Turned to factoring of accounts receivable to finance the company at a high rate Case B Household Goods Manufacturer
- 28. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 • 1st and 2nd generation start-up • Mature market but product quality provides entry point and growth • Ownership transition and family matters • Lack of focus stalls growth and results in working capital constraint • Shift to thinking long-term versus short term crisis management • Knowing when to ask for help Case C Plywood Manufacturer
- 29. NEXT STEPS FOR YOU StructuringYour Business For Growth: Real World Case Studies 06/27/2017 Determine where your business is going and what you want it to be in 1 year, 3 years and 5 years.
- 30. Structuring Your BusinessFor Growth: Real World Case Studies 06/27/2017 • Plan around your business goals. • What structure will you require to meet your 1, 3 and 5 year business goals? • What roles do you hold in the company and what needs to be shifted to someone else? • What resources do you require to meet your business goals? • Document your goals and track your results (culture of discipline). Next Steps Structure for Growth
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- 32. Milton Education VillageInnovation Centre Fri Jul 7, 2017 | 8:30am – 5:00pm Drop-in Free For Silicon Halton Members ($30 value) Great place to work / collaborate for the day
- 33. Meetup # 93– Summer Social! Tue Jul 11, 2017 | 7:00 pm – ?? Hamptons Restaurant / Patio, Quality Suites Hotel, Oakville
- 34. Fri Jul 21,2017 (During Silicon Halton Co-Working Day) Not sure yet Halton HiVE, Burlington Facilitators: Alan Montgomery & Trevor McAlpine
- 35. Fri Jul 21,2017 | 8:30am – 5:00pm Drop-in Free For Silicon Halton Members ($30 value) Great place to work / collaborate for the day
- 36. Mon Jul 24,2017 Microsoft Azure Cloud Platform Overview 7:00 pm to 9:00 pm Halton Hive, Burlington Facilitator: David Ashton
- 37. Monthly Companies with morethan 10 employees Limited # of seats at the table Private / Fee Based Facilitators: Rick Stomphorst & Reema Duggal
- 38. Companies with morethan 50 employees in tech and/or dedicated HR Management Limited # of seats at the table Private / Fee Based Facilitators: Rick Stomphorst & Bob Nagar
- 39. Tue Sep 26,2017 On Summer Hiatus 7:00 pm - 10:00 pm The Ivy, Burlington Facilitators: Lisa Denis & Hazel van der Werken
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