Financial Basics for New Small Businesses [SCORE]
June 29 @ 1:00 pm - 4:00 pm PDT
This workshop is designed to give you, the business owner, the financial skills and know-how needed to perform key tasks like to:
Determine how to accurately compute the amount of funding you’ll need to start your business.
Learn how to project your future financial results realistically including:
Projecting sales for a new business
Understanding your cost of goods sold and gross margin
Being able to project your operating expenses
Calculating your net income.
Planning your cash flow successfully.
This workshop includes a special section on creating financial statements for service businesses. Proper management of finances is crucial to any business’s success and a special set of skills is needed to understand and create these critical financial statements. This workshop is suitable for everyone whether you are starting a new business or need to update your skills.
This is an interactive workshop. We encourage participation by all attendees — so bring along your questions!
Presenter: This workshop is presented by SCORE Business Mentor, Chuck Botsford. Chuck has worked with both small and large businesses in marketing, finance and operations. He spent the first 15 years of his career managing restaurants and, during that time, was a financial controller in a regional restaurant chain. He then became an author and educator as he transitioned to the technology industry. For the past 17 years he was at Microsoft in areas of marketing planning and strategy with both retail customers and enterprise businesses. He has an MBA from the University of Wisconsin-Eau Claire. You can learn more about Chuck at his LinkedIn profile here: Chuck Botsford
Workshop Fee: $50