This workshop will discuss financial flow and how it operates within a business. Terminology will be defined as well as explanations pertaining to the various business reports. Then a basic financial worksheet will be completed using a case study as an example, with exercises to help you better understand financial concepts. This session reviews sales and prices, financial risks and rewards, true start-up costs, ongoing operating expenses, setting benchmarks for tracking progress and the organization of all your financial information. Using a hands-on approach, you learn how to use our financial model to forecast sales revenue and build solid pro-forma financial forecasts. You will leave this workshop with templates for:
- Cash Flow
- Basic Profit and Loss Statement
- Balance Sheet
You will receive a Zoom link to the class no later than 24 hours prior to class via your email address given at registration. Therefore, do not block your subscription to SCORE email material. This is one class broken down into two sessions. First session will be on May 23rd and the second on May 25th. Both sessions begin at 6:30 PM and end at 8:00 PM MT.