Workshop: Financial Planning & Analysis for Entrepreneurs

Introducing the Workshop Trainers

Malcolm Wade and Toby Philpott have extensive international experience supporting the development of entrepreneurs and have a clear understanding of the key success factor of having an effective strategy in place for SMEs.

Malcolm Wade, Chief Strategy Officer of Mongoljin, has 11 years’ experience in supporting SMEs to grow and develop, as well as being a megaproject, strategy, and finance expert, who has extensive, hands-on investment and operational experience. At Oyu Tolgoi (Rio Tinto) in Mongolia (one of the world’s largest copper mines), he was responsible for treasury management, technical development of the Fixed Asset Capitalization Model ($7.5 billion), conversion of 3 million accounting records from Ivanhoe Mines & Oyu Tolgoi legacy financial systems to project costs, and monthly project management & project controls reporting to executive management.

Prior to joining Oyu Tolgoi, Malcolm was GBU Manager of Planning & Scheduling (Chief Planner) for the $2 billion-per-annum Telecommunications Global Business Unit at Bechtel, as well as, Bechtel Chief of Staff on the Bechtel / AREVA $20 billion UAE nuclear power Joint Venture, based in France. Malcolm holds an MBA in Strategy & Marketing (Kellogg) and is a member of the AmCham (Mongolia) Board of Directors.

Toby Philpott has lived and worked internationally since 1997 and brings more than 30 years experience in SME and private sector development, having lived and worked in more than 25 countries around the world. Prior to joining Mongoljin as Chief Marketing Officer, Toby was Director of International Cooperation of a bank in Mongolia. Additionally, he has undertaken many technical assistance assignments related to SME and private sector development for various donor organisations including EuropeAid, Asian Development Bank, the former UK Department for International Development, and World Bank. He was also the founding Executive Director of EuroChamber in Mongolia and a founder Board Member of BritCham Mongolia. He has direct experience of running his own enterprises in the UK in the field of training and coaching as well as delivering technical assistance on international development projects. Toby has also held academic appointments in Economics and SME Development at Birmingham City, Staffordshire and Durham Universities in the UK. Toby holds an MPhil in SME Development & Finance.

Purpose of the Workshop

The purpose of the workshop is to introduce a method of structured thinking to individuals who are entrepreneurs (or who would like to be entrepreneurs). The process of structured thinking will assist entrepreneurs in planning the early phase of their enterprise, or how to put their existing enterprise on a stronger strategic and marketing foundation to help them build a competitive advantage. It is based on the notion that successful entrepreneurs generally use the scientific method in the early stages of their businesses. Once they have tested their Minimum Viable Product (MVP) they then either adapt and retest the MVP or they scale up the business. It is our view that strategic level training should come before functional training such as finance training.

Anticipated Learning Outcomes

By the end of the workshop, participants should achieve the following:

• Understand the importance of strategy at the enterprise level and how an enterprise’s financial strategy should be a tight fit with the organisational strategy;
• Understand the core objectives of financial strategy;
• Have an understanding of the financing options available to an SME including various internal and external sources of finance;
• Understand the different stages of the business life-cycle and the changing financing needs of an enterprise;
• Understand how to estimate capital investment requirements for the business;
• Understand the important of financial controls in the business and how to develop them;
• Understand the uses and abuses of business plans and how they can be an effective tool for managing the enterprise if utilised correctly along with setting appropriate financial milestones;
• Appreciate the importance of effective cash planning and the critical difference between cash and profits;
• A greater awareness of wealth management options as their enterprise grows and matures.

How to book

Members – Free

Non-Members – £100.00 (plus VAT)

If you are a Member please use the discount code ‘member‘ to receive your free place.

If you have any questions please email us on events@cambscci.co.uk

Address

Cambridgeshire Chambers of Commerce Clifford House 2 Station Yard CB24 3AH