Manage your financial resources like a professional! This no-cost training series will take you through the basics of business financial management, from maintaining a balance sheet and writing income statements, to using financial tools to make strategic business decisions. This is a 4-part, in-person course.
Week 3 – 3/19/2024 5:30 PM- 7:00 PM (PST)
Using Financial Tools to Make Business Decisions – Understand the difference between Variable Costs and Fixed Costs to learn how to calculate the sales required for your business to break even. From there, you will learn how to analyze your costs to plan for profits. Put this all together to understand the Magic Formula for setting prices, bidding on jobs, and more.You will work through real-life examples to apply these concepts.
Learn best practices for:
Analyzing trends in your business finances
Budgeting to plan for success
Analyzing revenue and expenses on a monthly basis
Using financial tools & more!