Business Acumen Workshop for Veterans
April 5, 2012—On April 10, professors James Spee and Gerald Groshek will lead the Business Acumen Workshop for Veterans at the Southwest Veteran’s Business Resource Center in Perris, Calif. Both Spee and Groshek are experienced Paradigm Learning facilitators who teach management and international business at the University of Redlands.
Veterans interested in starting their own businesses are cordially invited to attend The Business Acumen Workshop at the Southwest Veterans’ Business Outreach Center from 8 a.m. to 1 p.m. Tuesday, April 10, 2012.
The workshop will feature Zodiak, a one-day, high energy classroom learning experience that is fun, fast and effective. This unique learning experience will feature discovery learning techniques, gaming elements, simulations, stories, audio clips and small team exercises.The program will help participants build the financial literacy and business acumen they need to start and run a business.
During the simulation, as new owners of the struggling Zodiak company, participants will sign for a bank loan, attract investors, purchase equipment and materials, and deliver products and services. As they do, terms like revenue, cash flow, return on equity, working capital, cost of goods sold, and assets will come vividly to life.
By the conclusion of the simulation participants will:
- Construct and interpret income statements and balance sheets
- Explain the relationship and critical differences between cash and profit
- Understand key financial measures and ratios, including return on assets, gross profit margin, EBIT (Earnings Before Interest and Taxes) and return on sales
- Articulate how strategies involving inventory, accounts receivable, investments, staffing, cash flow, pricing and more impact financial success
What: The Southwest Veteran’s Business Resource Center’s Business Acumen Workshop for Veterans
When: 8 a.m. to 1 p.m. Tuesday, April 10, 2012
Where: 227 N D Street, Perris CA 92570 (north side of the Chamber of Commerce Building)
Registration: Please reserve your spot by visiting http://bit.ly/HeoTkQ.