CEDA Money Summit |
Thursday, October 08, 2009
Description
of Workshops
Workshop
A - 10:00 am - 11:10 am
"Business Management"
Building a 100 Million Dollar Firm – DEBT FREE!
Presenters:
Moderator: Mr. Carlo Abrams, President & Founder - Blue Chips Human Resource Consulting
Panelist: Mr. Glenn Henderson, President & Founder – AFC Express
Developing a business from very little has a long history. Entrepreneurs have been creating organizations based on little or no debt, and paying as they go, for as long as there has been a capitalist economy in our country. As a business building strategy, bootstrapping will succeed in any kind of economy. With increasing talk of a recession, developing a debt free firm may be just the right idea for the times.
Without the overhead of a business loan, a business owner can ride out that often difficult and trying period. During a recession, that low debt level may be a company saver. In more prosperous times, the debt free company can grow even more without the need for debt servicing expense.
Today’s panelist will highlight the joys he has in owning a firm with annual sales well over $100 million dollars – “debt free”. He will also note how he leverages his firms strong cash position to drive the growth of the firm.
Workshop
B - 10:00 am - 11:10 am
"Capital"
Available Funding to Grow Your Vision
Presenters:
Moderator: Mr. Robert C. Williams, Principal - Executive Strategies Inc.
Panelist: Ms. Ronia Stewart, Branch Manager - Citizens Bank
Panelist: Mr. Mark Walker, VP, Relationship Manager - Business Banking Group – Sovereign Bank
Panelist: Mr. Reggie Nunnally, Special Assistant for Economic & Community Development
– Boston Business Assistance Center - City of Boston
Panelist: Mr. Mark Walker, VP, Relationship Manager - Business Banking Group - Sovereign Bank
The credit crunch that began with mortgages has now spread to consumer loans and small business financing. Banks have tightened their lending criteria leaving many businesses to explore other avenues for financing. This really is no surprise because banks tend to ignore startups even during normal economic circumstances. More than ever, it’s necessary to look for alternatives to funding your business ventures. However, creative financing for start-ups and growing businesses is nothing new. For example”
- Sam Walton received a loan from his father-in-law to start Wal-Mart Stores;
- Bill Gates did not finish his education at Harvard. He dropped out in his junior year to devote himself to Microsoft. Microsoft Corp. co-founder Bill Gates is perhaps the most famous entrepreneur of this era. He had the vision to predict the evolving importance of the personal computer. This allowed him to top Forbes magazine’s list of the world’s wealthiest individuals, with a 2006 estimated net worth of $50 billion, and;
- Spike Lee borrowed money from his friends and family, used personal savings, and credit cards to produce his first movie.
Regardless of whether you’ve been in business for two days, two months, two years or twenty years, the critical components of accessing capital for growth are the same. Each of our invited panelists for this workshop has a variety of financial services available. If you want to obtain a financial product to fund your current operation, or help fund a new business venture, then this workshop is for you. Workshop attendees will be provided with ample time, during and after the workshop, to ask questions and obtain added information.
Workshop
C - 10:00 am - 11:10 am
"Business Opportunities"
How You Can Benefit from President Obama’s Stimulus Funding
Presenters:
Moderator: Mr. Lonnie Daniels – President, Massachusetts Minority Contractors Association
Panelist: Mr. Ronald G. Marlow, Assistant Secretary of Access and Opportunity – The Commonwealth of Massachusetts
Panelist: Ms. Phyllis Cooley, Construction Manager - Small & Local Business Enterprise Office
Panelist: Mr. Robert Nelson, District Director – US Small Business Association
The 2009 stimulus bill signed by President Obama is a mixture of a number of different programs. It is full of tax cuts for businesses — large and small alike — and for individuals as well as federal payments to citizens intended to stimulate the economy. Some of the programs covered by the stimulus program are as follows:
Transportation Infrastructure:
- Modernizing Roads and Bridges
- Improving Public Transit and Rail
Energy:
- Smarter Energy Grid
- Green Job Training and Energy Efficient Schools
Science, Technology, & Innovation:
- National Institutes of Health
- Broadband and Wireless Service
Health Care:
· Providing Health Insurance for Unemployed Workers
· Modernizing the Health Care System
Education:
- Making College More Affordable
- Investing in Early Childhood Development
With the U.S. economy in the worst condition since the great depression its important to the nation as a whole to be able to find and get access to the stimulus programs that have been developed to help. Attend this workshop to learn how you can benefit from President Obama’s stimulus bill as it impacts the Massachusetts economy.
Workshop
D - 12:50 pm - 2:00
pm
"Personal Finance"
Making Money in the Stock Market
Presenters:
Moderator: Mr. Dan Rivers, Financial Advisor - Morgan Stanley Smith Barney
Panelist: Mr. Dan McCarthy, President – Pension Concepts
Panelist: Mr. Joshua T. Pierce, Senior VP - Baystate Financial Services
In terms of personal finance and the accumulation of wealth, few subjects are more talked about than stocks. And this is with good reason: the stock market is thrilling. However, when investing in this financial rollercoaster ride, we want to experience the ups without the downs.
This workshop will provide some of the basics of understanding the stock market. Some of the goals of this workshop are to communicate the following:
What is the NASDAQ or the New York Stock Exchange?
As noted, the intent of this workshop is to improve your awareness of the stock market, as well as identify how you can get the stock market to work for you. To this end, CEDA has selected panelists for this workshop who are excited to communicate, in an easy manner to understand, the basics of the stock market. The goal of this workshop, as stated above, is to help you “Build Wealth Using the Stock Market”.
Workshop
E -
12:50 pm - 2:00
pm
"Personal Finance"
Building Wealth Without Toil
Presenters:
Moderator: Mr. Dexter Jenkins – Financial Consultant, Primerica Financial Services
Panelist: Dr. Bill Winston, Pastor – Living Word Christian Center - Forest Park, IL
There are moments when working hard to build wealth is described as “toil”. For instance, if you're a good ditch digger, able to dig a ditch faster than anyone else in the company, you're not likely to see a huge payoff if you don't take steps to advance. Sure, you might get paid $12/hour instead of $10/hour like your slower coworker, but unless you enjoy digging ditches, you probably will second guess the value of what you are doing to build wealth.
On the other hand there are times when it seems that hard work truly does pay-off. For example, Vijay Singh is not one of golf's more popular personalities; he proved that hard work does pays off by winning the PGA Championship. Here is a guy who works on his golf swing a minimum of 10 hours each and every day and who is known by all tour professionals to be the first one at the golf driving range in the morning and the last one to leave at night.
Thus you begin to wonder, besides the occupation, why digging a ditch for long hours in the day seems to be toil while swinging a golf club for long hours in the day seems determination. Dr. Bill Winston will discuss this subject in detail during this workshop, and will engage you to pursue your goal of “Building Wealth Without Toil”.
Workshop
F -
12:50 pm - 2:00
pm
"Business Management"
How We Are Thriving in a Down Economy
Presenters:
Moderator: Mr. Antonio “Tony” Parham, Principal –TKG Management Consulting
Panelist: Mr. Ronald Walker, President & Principal – Next Street Financial
Panelist: Mr. Glenn Henderson, President & Founder – AFC Express
As you know the economy is absolutely TERRIBLE. People are losing jobs, the biggest automobile manufacturers are going into the tank, JC Penny and Starbucks are closing stores all over the US. Nations are trying to figure out how to get through these times of economic crisis, and people are wondering how they are going to support their families and pay the bills.
On the other hand, Whitnell & Co., in an article written on May 6, 2008 provided some of the following wealth management tips for a down economy: "We have what we call our 'Attractive List of Stocks.” he adds, "though they're attractive, we don't want to buy them at high prices. But if the stock market declines and these equities drop to points we view as good prices, we'll jump right in and buy them. Thus, during a downturn in the economy often presents a great opportune time for us to acquire these assets."
The above noted sound advice can apply to a number of wealth opportunities – purchasing property, purchasing a business and investing in the stock market. So how do you take advantage of this?
Today’s panelist will discuss a number of methods deployed by them or advised by them to build wealth during a down economy.
About
our
“Power Networking”
Luncheon Speaker - 11:55
pm - 12:40 pm
Tapping into Your Greatest Financial Potential!
Speaker:
Dr. Bill Winston, Pastor – Living Word Christian Center - Forest Park, IL
One phrase you might find yourself repeating is, "I don’t believe I’m reaching my financial potential." Most people are not even sure what "my financial potential" really is, or if they even what to achieve it! Ask yourself, "What is my financial potential?" There are probably a dozen ways you can answer that question. Your greatest financial potential is certainly not limited to one specific strategy or one specific talent. But how do you begin to unlock your potential in any area of your life and have it work for you? Most people are only using 10% of their natural born potential – the other 90% falls into the category of “might have been”. You may not feel you are living up to your true financial potential right now – but have you even started the journey to discover what really lies within you?
Today’s “Power Networking” luncheon speaker will challenge you to either maintain the course or to get on the course of “Tapping into Your Greatest Financial Potential”.
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