About this Webinar:
Island Institute, in partnership with Profit Decoder, is excited to offer a customized financial management tool designed specifically for Maine’s lobster industry. This tool helps lobstermen gain greater control over their business finances, make informed decisions, and navigate the challenges of an evolving industry.
In this online training for Maine’s lobstermen and their families, Profit Decoder focuses on changes to improve profitability using the Island Institute version of Profit Decoder. Participants will learn how to use Profit Decoder to boost lobstering profits without the headaches of spreadsheets or financial jargon.
Answer Fundamental Questions Like:
- How much do I need to catch a day to break even?
- How can I easily see how changes in bait and fuel, lobster prices can impact profitability?
What You’ll Learn:
- How to set up and use Profit Decoder for your lobstering business
- Tracking income and expenses to maximize profitability
- Understanding key financial reports and insights
- Strategies to strengthen your business’s long-term financial health
Who Should Attend?
- Active lobster fishermen looking to improve financial management
- Lobster fishing families seeking better business planning tools
- Anyone in the industry interested in securing financial stability
Featured Speakers:
- Jay Friedlander, Co-founder, Profit Decoder
- Jordan Motzkin, Co-founder, Profit Decoder
Moderator:
- Jeff Frank, Senior Community Development Officer, Island Institute
These trainings are FREE for participants, and no prior financial expertise is required. Whether you’re new to business planning or looking to refine your current approach, this program will provide you with essential tools to make confident financial decisions.
This webinar will be recorded and made available for those who are unable to attend the live presentation.
