How to Use Your Financials to Manage Your Business Effectively

The success of a business often depends on the success of its financials and the ability to create and follow budgets. Understanding your financial statements is not only important to ensure accuracy and accountability, but it is also necessary when making crucial financial decisions affecting your business. Potential investors and creditors use the information to evaluate a company's financial performance. Knowing how to analyze your financial statements will help you get a clear picture about your liquidity, leverage and profitability, so you can develop the best strategy to reach your goals.

Topics included at this webinar:

*Balance sheet and Income statement basics
*Calculating Cost of Production per customer and per unit
*Cash Flow projections
*Budget vs Actual analysis
*Return on Investment and Return on Assets
*Impacting Net Worth

                                                                                                                                                                                                                                                                                                                                                              Isn’t it time you leverage the power of knowledge?  

Organized by the Ohio Small Business Development Center at Lakeland Community College.

This webinar is taught by Russ Coltman, Managing Partner at Coltman Information Management, LLC with over 25 years of experience in helping people create sound business management systems. Russ is also the creator of The Success Scorecard© management system. His training focus is on developing well rounded skill sets necessary to thrive in today’s competitive environment.

Anyone who registers will receive a WebEx webinar invitation on March 13, 2023 via email to attend this webinar that will take place on March 14, 2023 at 10am. Deadline to Register is Monday, March 13, 2023 at 4pm.