Join Us For Our October Breakfast Social Event on October 19th

Breakfast Social Event

Join us for breakfast on Wednesday morning, October 19, at 8:30 AM, as Vest Pocket returns to Lamb’s Grill downtown for a fun breakfast-time social event. Come and visit with other business owners over a nice breakfast and listen to a representative of Sandler Training offer tips about improving your business networking skills to grow your business. Come prepared to do a short, 60 second talk about your business.

Register now to reserve your seat.

Register Now

Join Us For Our September Event: Managing Business Cash Flow on Sept. 21

Managing Business Cash Flow

Healthy and consistent cash flow is the fuel that powers every business. It is as essential as oxygen. How is your business cash flow? Do you have cash flow necessary to meet today’s needs? What about next month or next year?  Do you use cash flow efficiently? What can you do to increase cash flow and use it grow your business?

Join Vest Pocket on September 21st for our next lunchtime educational event when Diana Sasser, business finance expert, and Ashton Ferrin, CPA, provide a practical overview of this very important topic that is essential to the success of every business. [This event is a precursor to Vest Pocket’s upcoming October 25th in-depth class about cash flow management.]

Location:      Church & State Business Incubator, 370 South 300 East, Salt Lake City

Time:            12:00 Noon to 1:30 PM

Admission is FREE for Vest Pocket members or $20 for non-members.

Seating is limited so click here to register now.

This event is sponsored by the National Development Council.

Speaker Bios

Diana L. Sasser

Diana L. Sasser

Diana Sasser is a Loan Officer for the National Development Council’s Grow America Fund (GAF), in charge of the Pacific Northwest, Utah’s Wasatch Front and Northern California areas. GAF is the small business lending arm for NDC, partnering with local communities to establish place-based small business lending programs. Diana underwrites borrowers and provides technical assistance to small businesses when needed. Diana has been a loan officer with GAF for over four years and has met with many businesses and organizations in those areas. Prior to joining GAF, Diana worked at the local government level promoting economic development and redevelopment for the cities of Stockton and Sacramento, CA. She holds a BS Degree from California State University, Sacramento.

 

Ashton Ferrin

Ashton FerrinAshton Ferrin is a CPA with a diverse background in public accounting. He is the founder of the Big Mountain CPA firm based in Park City, Utah. Ashton specializes in individual and business tax and accounting services. He has deep experience in a variety of areas, ranging from basic bookkeeping transactions to complex business financial, tax, and cash flow analysis and government compliance. Ashton has an MBA from Westminster College and is the immediate past president of the Mountain Chapter of the Utah Association of CPAs. He enjoys spending time with his family and making the mountains his home in every possible way.

Join Us For “Cash Reigns Supreme: An In-Depth Class About Growing & Managing Business Cash Flow” On Oct. 25th

Vest-Pocket-Oct-Cash

Healthy and consistent cash flow is the fuel that powers every business. It is as essential as oxygen. How is your business cash flow? Do you have cash flow necessary to meet today’s needs? What about next month or next year?  Do you use cash flow efficiently? What can you do to increase cash flow and use it grow your business?

Join Vest Pocket on October 25th for a special mid-day event when Sheldon Bartel, business finance expert, and Ashton Ferrin, CPA, provide an in-depth class on this very important topic that is essential to the success of every business. Each attendee will receive a complimentary coursebook of practical materials.

Location:    Public Safety Building Classroom, 475 S. 300 E., SLC

Time:          10:30 AM – 2:00 PM

Admission is FREE and includes lunch courtesy of the National Development Council.

Seating is limited so click below to register now.

Register Now

Class Details

This short class teaches small business owners the importance of financial statements and how they can be used to make better business decisions and manage cash flow. The connection between bookkeeping transactions and financial statements is made using QuickBooks software. Participants learn how third parties, including lenders, evaluate financial statements to make lending decisions. Specific topics include:

  • the importance of maintaining current and accurate financial records
  • keeping financial records with QuickBooks
  • accounting terminology
  • balance sheet
  • profit and loss statement
  • the importance of cash
  • determining your company’s cash needs
  • cash flow statements
  • cash flow forecasting
  • selecting an accountant and accounting system
  • preparing for growth

Trainer Bios

Sheldon Bartel

Sheldon BartelSheldon Bartel, CEcD & EDFP, serves as Small Business Loan Officer for the National Development Council’s “Grow America Fund.”  He is based in Sheridan, WY and is responsible for serving the Salt Lake City area.  Sheldon received his BA in Economics and Finance from Houston Baptist University and his MS in Agricultural Economics – Design, Management and Appraisal of Development Projects from New Mexico State University. Prior to joining the National Development Council’s Grow America Program in July 2011, he owned and managed a hospitality business, worked as an accountant in commercial real estate development, taught basic business skills to immigrants, served as an executive in the non-profit sector of the economic development industry for 14 years, and headed up the lending department for one of the nation’s largest micro-lenders. Sheldon has deep experience in processing and closing various types of business loans, including SBA 7a, 504 and Microloan, USDA Intermediary Relending, and other loans.  He teaches economic development finance and small business credit analysis courses for the National Development Council as well as for the International Economic Development Council.

Ashton Ferrin

Ashton FerrinAshton Ferrin is a CPA with a diverse background in public accounting. He is the founder of the Big Mountain CPA firm based in Park City, Utah. Ashton specializes in individual and business tax and accounting services. He has deep experience in a variety of areas, ranging from basic bookkeeping transactions to complex business financial, tax, and cash flow analysis and government compliance. Ashton has an MBA from Westminster College and is the immediate past president of the Mountain Chapter of the Utah Association of CPAs. He enjoys spending time with his family and making the mountains his home in every possible way.

Register Now

Vest Pocket - Local First Summer Social

A Beautiful Evening at the Vest Pocket / Local First Summer Social

Local business owners gathered for an evening of food, drink, and conversation at this year’s Vest Pocket / Local First Summer Social on August 25th. The event took place in the courtyard of The King’s English Bookshop at 15th and 15th in Salt Lake. Food was supplied by Tony Caputo’s and Mazza, with wine and beer from Vine Lore (a local fine wine & craft spirits brokerage) and Kid Curry Vodka.

Vest Pocket board member Doug Burton emceed the event. Speakers included former Salt Lake County Mayor Peter Corroon, Salt Lake City Economic Development Director Lara Fritts, Local First Board Co-Chair Betsy Burton, and Vest Pocket Treasurer John Lair. Vest Pocket board member Rebecca Yates awarded raffle prizes (proceeds benefitting Vest Pocket and Local First).

Vest Pocket’s June Event Offered Valuable Insights on Finding and Retaining the Best Employees

VP-June-2016-Event-1Vest Pocket’s June 15th event, “Finding and Retaining the Best Employees”, featured employment experts Sheila Sconiers, training and development coordinator for the University Of Utah’s Division of Human Resources, and Dr. Denis Petersen, Director of Professional Education at the University of Utah. Attendees learned how to source prospective employees and implement programs to increase employee satisfaction and retention.

vp-june-2016-event-2

Vest Pocket 2016 Awardees Kim Angeli & Scott Anderson Honored at Special Luncheon Event

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On May 25, 2016, Vest Pocket held its fourth annual awards luncheon at the Gallivan Center in downtown Salt Lake City.  Salt Lake City Mayor Jackie Biskupski spoke at the event and presented the Independent Business Advocate Award  to Kim Angeli, former director of the Downtown Farmers’ Market in Salt Lake City.  The award honored Ms. Angeli’s several years of work in diligently  promoting and strengthening the market, including many local food industry businesses.  Mayor Biskupski also presented the Richard M. Wirick Achievement Award to Scott Anderson, President and CEO of Zions Bank Corporation, in recognition of his many years of business and community leadership, especially with respect to advancing local independent business issues.  A good crowd of over 60 people attended the luncheon and were inspired by the reflections and stories of Mayor Biskupski and the awardees who spoke about the central role local, independent businesses play in the life of our community.

Vest Pocket’s April Event Provided Insight and Advice on Social Media Marketing

Vest Pocket Event - April 2016Social Media Marketing experts Brian Seethaler and Jesse Stay led an engaging presentation at our April 20th event. In “Decoding Social Media For Small Business” Brian and Jesse offered insight and advice on how small and independent business owners could best use social media to enhance marketing efforts.

Feel free to reach out to Brian Seethaler or Jesse Stay if you would like to connect or have questions about how best to use social media for your business:

Brian@staynalive.com

Jesse@staynalive.com

Vest Pocket Educational Events Now FREE to V.P. Members!

vp-logo-med-rev2The Vest Pocket Business Coalition board of directors has been working to improve our events, including how we charge attendees. For all remaining educational events in 2016, and starting with our March 16 lunchtime event, How To Find Business Mentors (and Why You Need One!), members of Vest Pocket will be able to attend educational events for free! The fee for non-members is $20.00 per event. However, non-members can also opt to purchase an annual membership for $95.00 and the event fee will be waived on the spot.

Why is Vest Pocket making this change? To make being a member of Vest Pocket more rewarding! In a nutshell, Vest Pocket want our members to get more value out of your memberships. Take advantage of the new policy and join us for the March 16 event! Click here to register now.

Jon Parry
Board President
Phone: (385) 743-1394
Email: JParry@klmrlaw.com

Vest Pocket Survey

The Results Are In… From The Vest Pocket Members Survey!

Vest Pocket Survey

Last month, we asked Vest Pocket members and friends to participate in a survey to determine which educational events would have the most value to owners of local, independent businesses.

Here’s a summary of the results:

The majority of respondents prefer lunchtime events (46%) over morning events (32%) or evening events (15%). In response, we’ll increase the number of Vest Pocket lunch events. We’ll also continue to hold several morning events!

Respondents expressed the greatest interest in the following topics:

  • How to Find a Business Mentor
  • How to Leverage Social Media as a Catalyst for Sales
  • How to Find and Retain The Best Employees
  • Managing Cash Flow
  • 5 Tips for Better Networking at Your Next Business Event
  • Forming Strategic Partnerships
  • Building a Team – Incentivizing Employees to Higher Performance

In response, we’re scheduling educational events for the remainder of 2016 that reflect your valued input. We start next month, March 16, with the lunchtime event:

“How To Find a Business Mentor (& Why You Need One!)”

Registration for this event will begin this Thursday so watch your email and social media channels for the link to register.

Thanks again for your valuable input and thanks for supporting Vest Pocket!

Jon Parry
Board President
Phone: (385) 743-1394
Email: JParry@klmrlaw.com

Call For Nominations to the VP Board of Directors

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Do you or someone you know have a heart for supporting our local, independent businesses?  As we begin 2016, Vest Pocket seeks nominations for new board members.  The Vest Pocket board is a working board, and the organization has a tradition of providing valuable advocacy, education, and social events for our business community.

Vest Pocket had a busy 2015, and new projects will be implemented in 2016, including a new business mentor roundtable and several business education events, as well as on-going advocacy efforts.  Click here to learn more about Vest Pocket.

Multiple board positions may be filled this year, and people with finance/accounting; event planning; public outreach, fund raising, or grant writing; and management/administrative skills would help round out the current board members’ diverse backgrounds and skill sets, although business owners and people with other professional expertise and skills sets are all sought for nomination.  

Board members must attend monthly board meetings and serve on at least one committee (advocacy, education, or membership), with the monthly time commitment averaging about 5 hours. 

You may nominate a friend or yourself.  Interviews with prospective board members will begin in February, and persons elected to the board will begin service in April 2016.  For more information, or to nominate yourself or someone else to the board, please contact Vest Pocket’s current President Jon Parry at (385) 743-1394 or via email jparry@klmrlaw.com.