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Understanding Your Business Financials

Mar
23
2021
Tue 6:00 PM to 8:00 PM
Topic: Cash Flow Analysis & Management

Creating a solid financial plan is really a study of what it takes to be successful. If the resources are out of your reach, if you don't have the experience or if the market is too unstable at the moment, the financial plan will make that clear. By creating a financial plan you may find that the price you plan on charging for your products or services is materially higher than what your competitors are charging or perhaps the price is fine, but your manufacturing costs are too high and it will be difficult to earn a profit. Either way having a financial plan will guide you in the right steps to take to achieve growth in your business. In this session we will discuss the power of financial statements not only for operational success but also how to use these statements to best position you with a lender.

Speaker(s): Kevin Hammond, SBDC Certified Business Advisor


Fee: No Cost

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Funded in part through a cooperative agreement with the U.S. Small Business Administration. The Ohio SBDC program is also funded in part by the Ohio Development Services Agency. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. For arrangements, call the Ohio SBDC at 614-466-2711 or (800) 848-1300.
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