Latina Academy-Start-up Costs & Record Keeping (Session 4 of 8)

Session 4: Start-up Costs & Record Keeping Objective: Develop financial acumen by understanding start-up costs and record-keeping practices. Learn to calculate start-up costs accurately and maintain meticulous records for better financial planning. ● Welcome and Recap of Previous Session ● Icebreaker Activity: Reviewing Legal Requirements ● Estimating Start-up Costs: Fixed Costs, Variable Costs, and Operating Expenses ● Developing a Budget: Allocating Funds Effectively ● Importance of Record Keeping: Tracking Income and Expenses ● Introduction to Accounting Software and Tools ● Exercise: Creating a Start-up Budget and Cash Flow Projection ● Q&A Session ● Closing Remarks and Next Steps

Speaker(s): Karla Boldery, CBA Ohio SBDC of Miami University Regionals

Co-Sponsor(s):

This is Session 4 of 8. Participants are required to attend all 8 sessions in order to graduate from the academy.

Fee: No Cost