Early Birds: Dick Anderson came in with a club picture from the 1990’s and was followed by Robert Sandberg.
Guests: Marsha Golob, an event and wedding planner was a guest of Mark Simon today. Cathy Daluge was also here today.
Honorary Members: Tom Donnelly, Russ Bremner, and Mark Simon were in attendance today.
President Chuck Shreffler brought the meeting to order with a ring of the bell and a moment of silence. He needs help with an icebreaker so send him a joke, though you would think a lawyer has a huge repertoire of lawyer jokes….
- Jim Erickson will be conducting an election poll throughout 2020 and gave us the results of the first ballot. 54% for Trump and 47% for the Democrats.
- Thanks to Karen Holtmeier for asking the Edina Country Club to serve Egg Benedicts this AM.
- Ed Crandall is having cataract surgery today. Apparently, he has lots of people keeping an eye on him.
- Several folks had checked in with Tom Ashbaugh and his advice is to listen to your spouse and see a doctor if you have abdominal pain.
- The new club directories are available. Take two with you. Thanks to Dwain for the printing.
Business Networking: Windrider has released their ice fishing apparel. LVC and Houselift are looking for sales staff.
Business Exchange: Catherine Moore, Julius Wright, Dwain Coleman, Bill McReavy, Kelsey Knight, Joe Kankovsky, Keith Kovacevick, and Tony Rubin all shared business with members.
Business Updates: None Today
Table Introductions: Table #4 was introduced by Dick Anderson with a theme of “Your favorite sports memory”.
Pot of Gold: Todd Anderson drew 5 cards and the big winner was Mike Palm.
Todd introduced our craft speaker, Peter Eaton of B2B CFO.
Peter is originally a kid from Duluth and is married to Lauren for 38 years. He has 2 sons and 4 grandchildren.
Todd had a few anecdotal stories from Peter about hunting and fishing has a young man.
Peter updated us on what he has been up to.
Last October Peter started a part time job with his brother in law running a company in Monticello. So after being a banker and a finance professional, he has to actually operate a company.
Back to B2B CFO, Peter had a presentation on Balance Sheets and Income statements and how they tell a story about your company. “Where you are today” is a balance sheet. An income statement is “Where you have been”. He tends to think you need 3 years of data to show a trend.
At the end of the day, those who value and help finance your company are always looking at cash flow as a key component. Both Operating cash flow and Investing cash flow are looked at.
For more info and a discussion on how B2B CFO can help you just contact Peter.
Register for the Pot of Gold with Peter Eaton at petereaton@B2BCFO.com or 612-227-6436.
January 29 is a guest speaker, Abigail Prosser, with a talk on “Ultimate Power: What is it and how to tap into it?”
February 5 is Resultants for Business at ECC
February 12 is Electronics Design at ECC