Power Breakfast Series: Managing uncertainty

By Faith Hatton, posted Aug 24, 2022 on BizFayetteville.com

Inflation, economic uncertainty, supply chain slowdowns, labor shortages and a global pandemic-these are just some of the challenges members of the business community are facing day to day.

Greater Fayetteville Business Journal is inviting members of the business community in and around Fayetteville to prepare for their future, network, and enjoy good food at the fifth quarterly Power Breakfast on Sept. 20, 2022 at the Cape Fear Botanical Gardens from 7:30-9:30 a.m.

Guests will be treated to three panel speakers focusing on topics aligning with this event’s theme: “Managing Uncertainty.” Greater Fayetteville Business Journal Publisher Marty Cayton says it’s important for business owners to think ahead and be prepared for long term decisions such as retirement,and tax season as factors affecting their livelihood continue to change.

“I think from a business owner and a business person’s perspective the question is ‘What should I be doing?’, and really what I think we should be doing is what we should have been doing all along is planning for the future, making good decisions today that will affect tomorrow. It’s always good to have a succession plan in business,” said Cayton.

Guest speakers will be discussing topics from a financial, legal and tax perspective, bringing their years of expertise right to local business owners who need it most.

SPEAKERS INCLUDE:

Kelly Puryear is one of eight partners with TRP Sumner PLLC as well as the acting Managing Partner of the firm. TRP Sumner is a full-service CPA and advisory firm that consults clients in ways to improve profitability and create wealth for businesses and their owners. In his role as Managing Partner, Puryear is responsible for guiding TRP Sumner’s overall strategy as well as the firm’s day-to-day operations. His practice experience spans 40 years and includes working with small businesses in a variety of areas such as tax planning, financial reporting, and management advisory services. Kelly also works with a variety of business industries and has not only successfully managed the company through the ever-changing business climate for the firm, but has also advised our business clients in ways to prosper through significant changes as well.

Debbie Best, CFP®, Financial Advisor With 28 years in the financial services industry, Best is a professional who cares deeply about her clients. She listens, asks important questions and develops strategies to help ensure that their goals can be met. Her clients include successful business owners and professionals, as well as retirees focused on income and wealth transfer strategies. Best is convinced that trust, confidentiality and a personal relationship are keys to the financial process.

Deanna Coleman is a Managing Partner at Ray, O’Connor, Coleman & Halverson, PLLC. Coleman’s practice is focused on estate planning, estate administration, business representation and tax planning. Coleman earned her Bachelor of Arts in Journalism and Mass Communication from the University of North Carolina at Chapel Hill, her Juris Doctor at North Carolina Central University School of Law, and her Master of Laws in Taxation at the University of Florida Levin College of Law. A native of Fayetteville, Coleman enjoys giving back to her hometown through charitable volunteering, supporting local businesses and helping to spread positivity regarding Fayetteville and the surrounding areas.

With panelists keeping outside economic influences like price increases, rising interest rates and the war in Ukraine in mind, guests at the upcoming Power Breakfast can expect to hear tips to help manage uncertainty for businesses and their families and learn how to make solid plans for the future.

“None of these folks have a crystal ball that they can look into and give us exact data that will protect us,” said Cayton. “But it’s managing the uncertainty, managing the ups and downs of an economy, you know, staying true to a plan and not getting turned upside down when things are not going well. They have a good perception on that they are a great group of folks that I’ll be looking forward to working with.”

Past topics in the Power Breakfast Series include “Entrepreneurs & Acquirers,” “For Our Defense”, and “The Healthcare Economy.” Jenna Shackelford, Editor of the Greater Fayetteville Business Journal says organizers try to keep topics relevant to their readership.

“We always want to make sure that it’s something that’s helpful, where you can walk away and say, ‘This is something that I relate to, and it’s also something that I can learn from and it’s also something that I can implement in my business,’” said Shackelford. “We have some industry stakeholders here who have a lot of great guidance that they can offer in the financial, legal and tax perspectives that can benefit businesses.”

The event will be held at the Cape Fear Botanical gardens for the second year in a row in the Ralph and Linda Huff Orangery. With a seating capacity of 400 guests, Shackelford says she would love for more business owners in areas surrounding Cumberland County to come and join in on this great networking opportunity.

“We really just want this to be a time where everybody can just come together and be unified at our breakfasts in learning something and in wanting to network,”says Shackelford. “We’re built for community, and that’s not just in our lives outside of work. We’re built to do business with each other, to know each other, to know your neighbor, and to want to help them, and this is a great way for us to come together and say, ‘We have this in common. What can we do to improve, who can help us do it and how can we help other people?”

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Tickets are still available online at fayettevillepowerbreakfast.com and range from $40 for general admission and $350 for a table of 10. Sponsorship opportunities for the Power Breakfast Series are still available with the event scheduled to continue every quarter into 2023. For information on becoming a Power Breakfast sponsor, feel free to reach out to organizers at marketing. bizfayettville.com or at 910-240-9697.

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