AMBA Introduces Strategic Economic and Financial Resources for Members

The American Mold Builders Association (AMBA) announces the launch of two new webinar series intended to provide professional development to its members. These new offerings include a Financial Literacy Series aimed at enhancing financial acumen and business performance and The Emerging Leaders Series on peer and performance management.

These exciting initiatives are issued under the direction of AMBA Board of Directors and newly elected Officers, President Tyler VanRee, Legacy Precision Molds Inc.; Vice President Andy Peterson, Industrial Molds; Treasurer Hillary Thomas, Westminster Tool Inc.; Secretary/Legal Counsel Alan Rothenbuecher, Benesch, Friedlander Coplan & Aonoff LLP.

AMBA has launched the Financial Literacy Series to further strengthen its members’ financial management skills. The first webinar, “Building a Budget to Drive Performance,” offered practical guidance on how to design a budget that drives business development, increases profitability and improves cash flow. Attendees were left with a clear understanding of the importance of proactive financial planning in anticipating industry conditions, avoiding potential revenue crises and identifying when a change in business strategy may be necessary.

The next webinar to appear in the series, titled “Managing Cash Flow to Eliminate Surprises,” will be presented by Michigan CFO Associates on November 9, 2024. This session will introduce attendees to the “13-Week Cash Forecast Takeaway,” a continuous rolling forecast of cash data designed to provide better financial visibility. In addition, it will offer guidance on preparing to approach banks for additional capital, covering key topics like lines of credit, term debt, buyouts and more.

Beyond enhancing members’ financial skills, leadership development is another key focus of AMBA’s latest programs. The Emerging Leaders Series aims to provide essential leadership training for supervisors, team leads and newcomers in the industry. This four-part series highlights that true leadership goes beyond managing tasks — it requires self-awareness and active skill-building. Without proper guidance, this vital quality can be neglected, impacting both team dynamics and company performance.

Led by Elnian Gilbert, ZingTrain trainer and keynote speaker, the series will cover ethical leadership practices, incorporating tools such as the “Next Time” feedback method and strategies for conducting effective performance reviews. Gilbert, known for her expertise in visioning, employee training and change management, will help participants explore formal and informal feedback techniques and develop a leadership approach rooted in learning and teaching. Attendees will gain actionable insights on fostering strong, productive teams and driving performance through thoughtful leadership.