Date(s) - 11/06/2018
4:30 am - 7:30 am
Gulf Tax Accounting Group (GTAG) and Business Improvement Group (BIG), in partnership with Beehive Group and myOffice are delighted to host a groundbreaking event on the topic; Funding & Selling your Business as a Managing Director.
Small to Medium-sized enterprises represent over 80% of businesses in the UAE, so it is crucial to support their growth and innovation. However, one of the most important issues facing SMEs is their difficulty accessing finance from banks. The good news is, this is fixable, especially in this age of unparalleled access to capital.
As a business owner, our workshop has been designed to provide you with concrete funding alternatives that are the most suitable for your business, at its current growth stage. You’ll get insight into the two main alternative sources of funding for your growing business: lenders who loan you money, and investors looking to buy your business or a piece of your company in return for long-term capital gains.
DATE: June 11, 2018
VENUE: Level 29, Marina Plaza, Dubai Marina
TIME: 8:30 am – 11:30 am
FLOW OF AGENDA:
Session I: Cash Flow 9:20am – 9:40am
Most start-ups and SME business owners find cash flow management the top key challenge for their companies, as it’s one of the hardest parts of a business to accurately manage. With so many factors now impacting cash flow—everything from the VAT, to interest rates and sales cycles—many business owners struggle to get a proper handle on managing cash flow. David Daly will present on ‘Business Owners’ Playbook on Cash Management’ – detailing the right steps to take to ensure cash flow can be managed both accurately and efficiently, as well as provide the best practices for forecasting your future cash reserves.
Session II: Funding SMEs 9:40am – 10:00am
As well as being rejected for financing more often, SMEs in the UAE also typically pay higher interest rates on loans than big businesses. Robert Davis will offer insights into new approaches to SME and entrepreneurship financing.
Session III: Business Health Check: Cost-effective diagnostic of your business 10:00am – 10:20am
As a start-up or a fully established SME entity clamouring to increase your margins and improve profitability, the big question you have to ask is just how fit your business is now and for the future? The future success boils down to the health of your business and its core processes; not just supply chain, but demand and product management too. Michael Corner has perfected a Business Health Check to provide a very cost-effective diagnostic of your business; pinpointing the failure modes within the core business and supply chain processes and providing the opportunity for gap closure before it’s too late.
Session IV: Embedding cyber-security culture into SMEs: Don’t be a victim 10:20am – 10:40am
SMEs in the UAE continue to be victims of increasingly sophisticated cyber-attacks. Most concerning, these attacks have moved on from having the intention of shutting down systems, both stealing data and money, to destroying your data without apparent motive. Pete Mahon will give some practical advice on how to protect your business from the most likely threats and what measures you can take personally to protect your profits.
Session V: Best Business Exit Strategy 10:40am – 11:00am
Using a tried and tested model, Bill Anderson’s Business Exit Strategy will provide insights into how you can optimise your business’s exit valuation and personal goals. Bill’s exit strategy template is a critical starting point as it will ensure that you sell your business in a controlled manner, maximise your valuation, evaluate the various exit options and attract the right buyers.