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What’s in your Checkbook? What You Need to Know About Lab Finances

October 21, 2020 at 02:00:00 PM · Eastern Time (US & Canada)
About This Webinar

Most lab managers start their careers as lab scientists. As lab scientists we think about the lab in terms of science, mechanisms, and technical tasks. While there is much to learn in the transition from lab scientist to lab manager, one area that is very important, and often neglected, is around the finances and the financial decisions of running the lab. A lab manager needs to evolve from mechanisms to management to money decisions. Learning about budgets and P&L statements is important, but key learnings about financial decisions often come from understanding the hidden costs of the lab. While the fixed costs of running a lab (salary, benefits, rent) are the largest portion of the lab costs, decisions about lab efficiency and client experience (CX) actually drive the business. These decisions have a significant impact on driving growth and customer satisfaction.

Key takeaways from this presentation will include:

• Basic financial overview of a lab business
• Understand the lab cost structure
• Overview of hidden costs
• Examples of financial decisions to improve efficiency, drive growth, and help client satisfaction

Haven't registered? Register now: https://summit.labmanager.com/leadership-digital/page/1581057/register-for-free

Who can view: People who attended or registered for the webinar only
Webinar Price: Free
Featured Presenters
Webinar hosting presenter
Founder and CEO, Alliance Technologies
Dr. Jonathan Chun received his chemistry degrees from Princeton University (PhD, MA) and the University of Hawaii (BS), and his graduate studies focused on chemical sensors and electrochemical systems. After post- doctoral work investigating conducting polymers, Jonathan joined a clinical diagnostics company (i-STAT, now Abbott Point of Care) creating portable blood testing instruments. He later joined the Analytical Technology group at the Princeton R&D Center of FMC Corporation, which provided broad analytical testing services worldwide to various chemical and machinery divisions of the corporation. As senior scientist and group leader, Jonathan provided project leadership for analytical investigations and managed the analytical group prior to co-founding Alliance Technologies in 2001 with a colleague as a privately-held independent chemical testing and materials characterization laboratory.
Webinar hosting presenter
Founder and CEO, Alliance Technologies
Dr. Jonathan Chun received his chemistry degrees from Princeton University (PhD, MA) and the University of Hawaii (BS), and his graduate studies focused on chemical sensors and electrochemical systems. After post- doctoral work investigating conducting polymers, Jonathan joined a clinical diagnostics company (i-STAT, now Abbott Point of Care) creating portable blood testing instruments. He later joined the Analytical Technology group at the Princeton R&D Center of FMC Corporation, which provided broad analytical testing services worldwide to various chemical and machinery divisions of the corporation. As senior scientist and group leader, Jonathan provided project leadership for analytical investigations and managed the analytical group prior to co-founding Alliance Technologies in 2001 with a colleague as a privately-held independent chemical testing and materials characterization laboratory.
Documents
Pace_Analytical_Managed_Services_-_People_Powering_Process.pdf
Preview Download Added by Lab Manager Webinars at 3:13 PM - Tuesday - October 20, 2020
Application_Booklet_-_3D_Printing_Polymers.pdf
Preview Download Added by Lab Manager Webinars at 3:13 PM - Tuesday - October 20, 2020
Microsampling_Solution_for_Identifying_Microplastics_-_App_Note.pdf
Preview Download Added by Lab Manager Webinars at 3:13 PM - Tuesday - October 20, 2020
Quartzy_Lab-Manager-Summit-Oct_2020.pdf
Preview Download Added by Lab Manager Webinars at 3:13 PM - Tuesday - October 20, 2020
FREE_T_Shirt_LS2017.pdf
Preview Download Added by Lab Manager Webinars at 3:13 PM - Tuesday - October 20, 2020
Cell_Culture_Brochure.pdf
Preview Download Added by Lab Manager Webinars at 3:14 PM - Tuesday - October 20, 2020