Recession-busting workshops to help out business owners

Businesses who are facing a difficult time in Bermuda’s four-year recession might find some help in a series of seminars being hosted at the Bermuda Chamber of Commerce.

Capital G and Deloitte are presenting a three-part workshop series, The Lifecycle of a Business in a Challenging Economy.

Each workshop will provide insight and guidance for mid-sized business owners looking to maximise value at different stages of a company’s life cycle. The workshops will take place from 12pm to 1pm on March 7, 22 and 27. Lunch will be included.

Rob Bernardino, head of Business Banking at Capital G and Rachelle Frisby, director of Financial Advisory Services at Deloitte, will be the main speakers along with several legal representatives also speaking.

The first workshop takes place on March 7, and will provide practical advice on assessing value and risk when acquiring a company, as well as exploring responsibilities for new business owners.

The second workshop will be held on March 22 and will focus on financial management in today’s economy, financing options, and risk management. It will also provide guidance for creating quality financial statements and analysis.

The third workshop will be held on March 27 and will explore options for companies looking to close or sell their business, including decision analysis, valuation, legal and moral obligations, and insolvency procedures.

Ronnie Viera, president of the Chamber of Commerce, said in a press release: “In today’s economic climate, many companies are facing unprecedented challenges because of increasing regulation, greater demand for value, and rising costs of doing business. However, these challenges also present great opportunities for companies to maximize their offering to clients, grow in value, and emerge as industry leaders. The Chamber of Commerce is excited to offer this complimentary series to our membership.”

Information on the workshops can be found on www.deloitte.bm or www.capital-g.com. Admission is free for members, $10 for guests. To register please contact Phyllis Virgil 295 4201 or email [email protected].