Small Business Finances

The Financial Series for Small Business Owners

Today's small business owners need to have a solid understanding of business finances in order to start and grow a business. Our financial series is designed specifically for busy business owners looking to quickly and efficiently improve their financial position through training.

Understanding Business Financials

November 5 from 9:00 a.m. - 12:00 p.m.

Business owners, managers, accountants, bankers, and consultants need to know how to turn financial statements into useful management tools. After attending this financial management series, you will be able to make better business decisions based on good financial information. Participants will identify key financial information on a Profit and Loss Statement and on the Balance Sheet. Participants will also learn how to calculate several financial ratios and will understand what those ratios indicate in terms of business productivity and success. Overall, participants will gain a greater understanding of how to read and interpret financial documents and use that information to drive business decisions.

How to Control Cash Flow

November 12 from 9:00 a.m. - 12:00 p.m.

In this second class of the financial management series, we’ll take a close look at where cash comes from in a small business, where it’s used in day-to-day operations and how to identify and correct cash flow problems. You’ll be able to identify key information on cash flow statements and be able to follow the path of cash as it travels through your company. You’ll identify cash flow strategies to use in your organization. You’ll become familiar with the sources and uses of cash, and the most common “gobblers” of cash in any business. This isn’t theory – it’s practical application for real businesses – like yours!

Predicting Your Future Cash Needs

November 19 from 9:00 a.m. - 12:00 p.m.

Complete your financial education with this third course in our seminar series. This class is designed to teach you how to create and use a cash budget to prepare for future business performance. During this course, you will learn to estimate future sources and uses of cash. You will also learn how to analyze your predictions to make more informed decisions. You should leave this session feeling more comfortable about decisions related to preparing for growth, realistic loan and financing requests, how much cash you can safely take out of the business, and how to make affordable purchases for your business. At its conclusion, you should be able to: forecast sales, receivables and expenses, use a cash budget to create a month-by-month view and calculate Break-Even, as it relates to business expansions, workforce additions or capital expenditures.

Positioning for Successful Ownership Transition

December 3 from 9:00 a.m. - 12:00 p.m.

A smooth and effective ownership transition plan requires advanced preparation and regular reviews. In this seminar, we will provide an overview of how to maximize company value and the elements of designing and executing an ownership transition plan that provides viable options for both the existing owners and the potential successors. The more effectively a business plans for future succession, the more successful and valuable it will be.

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