Financial Basics for New Small Businesses

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. You will also 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.