Citizens for a Livable Cranbrook Society provides grassroots leadership and an inclusive process, with a voice for all community members, to ensure that our community grows and develops in a way that incorporates an environmental ethic, offers a range of housing and transportation choices, encourages a vibrant and cultural life and supports sustainable, meaningful employment and business opportunities.

Thursday, October 2, 2014

Stop ‘volunteering’ for your own business

September 29, 2014

Stop ‘volunteering’ for your own business

Take a half-day Financial Bootcamp with ‘biz whiz’ Krista Mallory

That’s a key message small business owners will hear during the Business Financials Bootcamp, offered by the 

Kootenay Rockies Innovation Council (KRIC) next week.

Business advisor Krista Mallory will visit three East Kootenay communities to run small business owners through the 

basics of reading business financial statements, managing cash flow, doing break-even analyses and lots more. 

“We are going to demystify financial statements,” Mallory said. “You will learn how to make your business more 

profitable, because, at the end of the day, you shouldn’t be volunteering in your business!”

The Bootcamps are half-day workshops and take place in Elkford (Oct. 7), Cranbrook (Oct. 8), and Invermere (Oct. 9). 

Each starts at 8:30 AM and runs until 12:30.

“This is not an accounting course,” Mallory said. “The goal is to get comfortable with your financial statements and 

learn how to use the information on those statements to improve your business. 

“We will add, subtract, multiply and divide numbers then talk about what the equations mean so you’re better 

prepared next time you sit down with your accountant or when you want to know what is going on in the finances of 

your company.”

Mallory is a Kelowna-based Business Advisor with Women’s Enterprise Centre. She holds a BA in Economics from 

UBC Okanagan. She comes from an entrepreneurial background and brings an engaging energy along with practical 

business knowledge.

“The material is definitely simpler than most people assume,” Mallory said. “Most business owners already have a lot 

of the knowledge, even if they don’t realize it. The key is to learn the language of financial statements.”

The workshops cost $40 and the cost includes a continental breakfast and all the course materials. Register online at 

kric.ca/financial-bootcamp.

“Attendees will receive a Financial Management Workbook,” Mallory said. “We’ll work through some of the material 

together and leave some for attendees to do at home. 

“We’ll be using lots of real-life examples and hear real stories about how actual businesses learned to manage their 

finances.”

Mallory had some words of advice for those seeking master their businesses. 

“The best way to get a grip on financials is to take an ‘eyes wide open’ approach and get curious about what they are 

telling you.

“The worst thing a business owner can do is bury their head in the sand.” 

All small business owners are welcome to attend from single entrepreneurs to employers, services businesses and 

those who want to sell their businesses.

“The workshop is very exercise based,” Mallory said. “Attendees will have the opportunity to apply lessons to their 

businesses right away.” 

Register online at kric.ca/financial-bootcamp.

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Contact info:

Tara Penner, Project Manager

Kootenay Rockies Innovation Council

1.877.505.KRIC (5742) Ext 2

tara.penner@kric.ca | www.kric.ca

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