Kyle Peterdy – CFI Education – Widgets Inc. – Adjusting a Business Owner’s Net Worth
Description
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Kyle Peterdy – CFI Education – Widgets Inc. – Adjusting a Business Owner’s Net Worth
Widgets Inc. – Adjusting a Business Owner’s Net Worth
Step into the shoes of a commercial credit professional to practice understanding and adjusting a business owner’s self-declared personal financial position.
- Explore how company cash flows and personal earnings are connected.
- Identify potential risks with a business owner’s personal financial situation.
- Make important adjustments to the business owner’s net worth.
Overview
Widgets Inc. – Adjusting a Business Owner’s Net Worth Overview
Understanding a business owner’s personal financial situation is a critical skill in managing risk for commercial lenders. In this practice lab, we’ll step into the shoes of an SME lender and seek to holistically understand a business owner’s personal finances (within the context of a prospective borrowing request). We’ll dig through the company’s financial results and the owner’s personal net worth statement to try and identify potential risks.
Next, we’ll work through an adjustment template, line-by-line, in order to arrive at a responsible set of insights and a prudent set of adjustments.
Widgets Inc. – Adjusting a Business Owner’s Net Worth Learning Objectives
Upon completing this practice lab, participants will be able to:
- Recognize how a business owner’s corporate cash flow and personal earnings are intertwined.
- Quickly identify risks / potential red flags in a business owner’s personal financial situation.
- Make appropriate adjustments to reflect an owner’s actual ability to tap into liquid, unencumbered personal assets to inject cash into the corporation or to make whole on a personal guarantee.
Who Should Take This Lab?
This lab is a great building block for early career business and commercial bankers, including relationship managers, analysts, and adjudicators. Other credit professionals like asset-based lenders, commercial real estate lenders, equipment finance professionals, and commercial loan brokers will also get enormous value.
What you’ll learn
Background & Context
Introduction
Download Lab Presentation
Context
Interactive Exercise 1
Client Introduction
Analysis
Financial Statements
Shareholder Loan & Leverage Ratios
Interactive Exercise 2
Personal Net Worth Statement
Pro Tip
Owner’s Income & Expenses
Cash & Shareholder Loan
Interactive Exercise 3
Marketable Securities
Pro Tip
Retirement Accounts & Registered Investments
Real Estate
Other Assets
Pro Tips
Tying it Together
Alternative Scenario & Summary
Alternative Scenario: Joint Guarantors
Summary
Qualified Assessment
Qualified Assessment
Frequently Asked Questions:
- Innovative Business Model:
- Embrace the reality of a genuine business! Our approach involves forming a group buy, where we collectively share the costs among members. Using these funds, we purchase sought-after courses from sale pages and make them accessible to individuals facing financial constraints. Despite potential reservations from the authors, our customers appreciate the affordability and accessibility we provide.
- The Legal Landscape: Yes and No:
- The legality of our operations falls into a gray area. While we lack explicit approval from the course authors for resale, there’s a technicality at play. When procuring the course, the author didn’t specify any restrictions on resale. This legal nuance presents both an opportunity for us and a boon for those seeking budget-friendly access.
- Quality Assurance: Unveiling the Real Deal:
- Delving into the heart of the matter – quality. Acquiring the course directly from the sale page ensures that all documents and materials are identical to those obtained through conventional means. However, our differentiator lies in going beyond personal study; we take an extra step by reselling. It’s important to note that we are not the official course providers, meaning certain premium services aren’t included in our package:
- No coaching calls or scheduled sessions with the author.
- No access to the author’s private Facebook group or web portal.
- No entry to the author’s exclusive membership forum.
- No direct email support from the author or their team.
We operate independently, aiming to bridge the affordability gap without the additional services offered by official course channels. Your understanding of our unique approach is greatly appreciated.
- Delving into the heart of the matter – quality. Acquiring the course directly from the sale page ensures that all documents and materials are identical to those obtained through conventional means. However, our differentiator lies in going beyond personal study; we take an extra step by reselling. It’s important to note that we are not the official course providers, meaning certain premium services aren’t included in our package:
Refund is acceptable:
- Firstly, item is not as explained
- Secondly, Item do not work the way it should.
- Thirdly, and most importantly, support extension can not be used.
Thank you for choosing us! We’re so happy that you feel comfortable enough with us to forward your business here.
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