Understanding Your Financials
Mar 26 @ 6:00 pm - 8:00 pmFree
Do you receive financial statements from your accountant and not understand what those documents are telling you about the condition of your business?
This seminar will help you understand the real purpose of financial reports such as Profit Loss statements and Balance Sheets and how to use these reports to more effectively manage your business. In addition, we will show you how to use a simple cash flow model that will help you do a better job of managing your cash.
You will learn:
-What to look for when you are reviewing a Profit & Loss Statement or Balance Sheet.
-How to understand how much cash is in the business and how to effectively manage your cash for any large expenses you may have coming in the future.
-How to determine the value of your business, if you’re considering selling it.
If you have them available, we encourage you to bring the Profit Loss Statements and a Balance Sheet from your business so you can use these documents to make this workshop more valuable as you use your own data to understand these concepts.
Parking: Parking is available in the lot in front of the O Buildings.
A $2 Parking Pass must be purchased from the LBCC Parking Machine in front of Building #O-1. The machine takes change, coins and debit card. Please wait for machine to process your transaction as it may have a slow response.