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“Financial Strategy for Profit” Business Accelerator Series #2
Business financial management is a numbers game, to manage the business you have to know how to work the numbers!
Presented by Linden Burzell, NISBDC Coach
September 15 @ 8:30 am – 11:00 am PDT
This class is presented in-person at North Idaho College
420 N. College Dr. • Hedlund Bldg. Room 143 • Coeur d’Alene, ID 83814
Registration is free but required.
Do you want to learn how to read and understand your financial statements to make better decisions and increase profits? Do you want to know what your income statement, balance sheet and cash flow statement tell you about your business performance and health? Do you want to learn to use key financial ratios and benchmarks to measure and improve your results?
If you answered yes to any of these questions, then this class is for you. This is the second of a four-part series on financial management for small business owners.
In this class you will learn:
- The purpose and components of the three main financial statements: income statement, balance sheet, and cash flow statement
- How to use financial statements to identify strengths, weaknesses, opportunities, and threats in your business
- The importance of setting financial goals and tracking your progress using budgets and forecasts
- How to use financial statements to communicate with stakeholders such as lenders, investors, suppliers, and customers
By the end of this class, you will better understand your financial statements and how to use them to make informed and strategic decisions for your business. You will also have access to templates, tools and resources to help you apply what you learn in your own business.
This is the second of a four-part series of business foundational classes for small business owners and entrepreneurs. Other classes in the series include:
This is Part 2 of a 4 part series – “How to Accelerate Your Business”
Other classes in the series include: Marketing Strategy for Profit, Operational Management and Digital Marketing Strategy.