OGDEN, Utah, Feb. 16, 2010 – When the clouds start to part on the gloomy US economy, Bank of Utah would like to help Utah businesses be prepared to propel themselves forward.  The locally-owned and operated bank is sponsoring a seminar, “Moving Your Business Forward in Turbulent Economic Times,” March 9-10 at the Salt Lake Community College Larry Miller Campus. The two-day course provides tools to help business owners and operators survive the current recession and then to continue to grow. 

“It’s a taxing time for Utah businesses, but with the right financial management strategy, you can thrive in spite of it all,” said Scott Parkinson, senior vice president of retail banking for Bank of Utah. “This seminar can serve as a crash course in managing company finances or as a simple refresher course.” 

Business owners, managers, controllers, financial advisors and anyone involved in company cash management will learn how to increase profitability by:

• Having a better understanding of the financial crisis
• Learning to finance a business during tough times
• Properly forecasting
• Cost cutting while sustaining morale and focus
• Using financial statements effectively
• Building transferrable value during a recession
• Corporate deleveraging 

Vice president of Nilson Homes David Lowry, attended a similar seminar sponsored by Bank of Utah in Ogden in November. He said, “I’ve been a CPA for more than 23 years and the seminar shed new light on the basics.  Whether you’re an entrepreneur or have been in the business for 25 years, you’ll benefit from the discussions on cash flow, debt management and profitability. I have returned to my notes from the conference numerous times since then.”