Have you signed up for one or more of the Small and Family Business “Unlock Your Potential” series of classes yet? If not, you still have time, but seats are filling up fast. The Rutgers School of Business Camden has partnered with Archer & Greiner to develop a program designed specifically for small and family business owners and managers who want to better their understanding of the finance and marketing principles key to a business’s long-term success. Each course will focus on a particular theme related to small business finance and marketing and will take place once per month at the Rutgers School of Business Camden or the Camden County Boat House in Pennsauken, N.J. over the next three months.
The second course in our series will be held on April 21, 2016 at the Camden County Boat House from 8:30 a.m. -11:30 a.m. Please read on for more information about this specific program. You can sign up for it, or any courses in the series via the link below.
“Think Like a CFO: Managing Risk in Your Business”
A CFO has a very important role in a corporation. He or she must not only be aware of present-day financial and regulatory risks that threaten the corporation; but must also think big-picture and develop higher order strategies to help an organization reach financial solvency and manage future risk. A CFO may also be responsible for record-keeping and financial planning. Most small business owners don’t have the luxury of being able to hire a CFO, and often times small and family business owners must wear this cap themselves. So what does it mean to think like a CFO?
This special course presented by Rutgers School of Business Camden faculty and Archer & Greiner business experts will help small business owners answer this question. The course will feature lectures and discussions about different approaches on developing financial priorities to better manage risk. By the end of the course, those who attend will learn how to identify risks, how to prioritize those risks, and how to develop a risk-response action plan to mitigate the effects of those risks.
By learning these and other principles related to financial literacy, small and family business owners will take a major step in helping their businesses achieve long-term success and sustainability. Therefore, we encourage all small and family business owners and managers to do a self-evaluation of their own understanding of financial risk management and see if they could benefit from this course – we bet most could use the expertise! Learn more about all of the courses for this exciting new small business series at http://familybusiness.rutgers.edu/.