Does This Environment Require a New Business Model?

Thu 11:15 AM to 12:15 AM
Topic: Marketing and Sales

Description This Webinar will explore the process of considering whether a change or modification in your business model is prudent given the impact the COVID-19 lockdown. This is a healthy exercise to go through regardless of whether you decide to change or modify your business model. The presentation will include a walk-thru of: • Current State Analysis – a detailed review • Capital and Resource Assessment – What do you have to work with? • Methods for identification of new market opportunities • Projection of costs to begin modifying your business model • New Model Performance Projections Many businesses have already adapted to the new environment to survive. Some businesses are surviving without many changes. Don’t just stand still waiting for things to return to “Normal”. Improvise, compromise and find ways to reach new markets or provide different products and services. You should leave this Webinar better equipped to go through the planning required to alter your business direction and find ways reach your objectives.

Who should attend? Business Owners and Managers

Why should you attend? Gain insight into a method of planning and analysis that may open doors to new market opportunities.

Speaker Bio:

Ed Dauphin Cares Act Consultant with Louisiana SBDC

Selected as one of the Cares Act Consultants to provide financial and business management assistance to Louisiana companies which have been affected by the COVID-19 Lockdown. • Financial analysis including cash flow, profitability and overall business operations • QuickBooks Consulting including setup, review, customizing and training • Inventory control and management

22 Years as Part-Time CFO and Business Consultant

I provide part-time CFO services, business consulting and financial analysis including cash flow management, profitability analysis, product pricing, gross profit margin analysis, debt restructuring, cost / benefit analysis, overhead control and inventory management. to Louisiana entrepreneurs.

• I have been a QuickBooks Pro Advisor for over 20 years • I have performed several accounting system restructures and corrective accounting for poorly kept books • Training to owners and key team members on how to understand and use the balance sheet and profit and loss statement as a management tool

26 Years of Executive Level Experience in the Banking Industry

Originally starting my banking career in Lafayette, Louisiana, with a combination of operations and commercial lending experience, I built a reputation that afforded me the opportunity to turnaround a failed bank bought from the FDIC by a group of investors in 1986. As President, I quickly transformed Louisiana Delta Bank into a high-performance bank. I exceeded investor goals by developing updated operational systems, reducing operational cost through the implementation of technology, and acquiring a large agricultural loan portfolio. In 1997 I assumed the role of CFO of the bank holding company, which owned Louisiana Delta Bank, other banks and loan related businesses. I left banking in 1998 to return home to South Louisiana and establish my Part-Time CFO and business consulting practice.

Fee: No Cost