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grow profits

Business financial management is a numbers game, to manage the business you have to know how to work the numbers!

June 13 @ 5:30 pm 7:00 pm PDT

Presented by Doug Wolford, NISBDC Coach

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 three-part series of business foundational classes for small business owners and entrepreneurs. Other classes in the series include:
Other classes in the series include:

  • Marketing Strategy for Profit
  • Digital Marketing Strategy

You do not need to take accelerator classes in a specific order.

Free

Presented by:

Doug Wolford

Doug Wolford

Doug has spent 30+ years in banking and economic development. He has helped to fund businesses in virtually every stage of development in many industries including professional services, retail, manufacturing, hospitality, real estate, and many business acquisitions. He has deep experience with SBA funding tools. His passion continues to be supporting the success of small businesses in the Pacific Northwest. Doug, a native of the Northwest, participates in the ownership of a small business. He graduated from Montana State University with a B.S. in Economics, and also earned his M.S. in Applied Economics from the MSU as well.

North Idaho Small Business Development Center – North Idaho Small Business Development Center provides one-on-one, professional business coaching that helps small-business owners accelerate their businesses success. We offer the tools, resources, expertise and peace of mind to help you feel confident and supported in taking your business to the next level, no matter where you are in the process. Best of all, our coaching services come at no cost to you because we’re funded by the U.S. Small Business Administration, the State of Idaho, and North Idaho College all who want to see businesses like yours succeed.

Hosted by North Idaho College.

Disclaimers: The information provided in this webinar and any supplementary materials provided to registrants are intended for educational and informational purposes only and does not constitute professional financial or legal advice. No registrant should act or fail to act on the basis of any material contained in this webinar without obtaining proper financial, legal, or other professional advice specific to their situation. The North Idaho Small Business Development Center, and its host, North Idaho College, specifically disclaims any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the information presented in this webinar.

By registering for this webinar, you acknowledge and agree that you have read, understood, accept and agree to the above disclaimer and that under no circumstances shall the North Idaho Small Business Development Center or it’s host, North Idaho College, be held liable for any claims, losses, or damages of any kind or nature arising out of or in any way related to the information provided in this webinar and/or the registrant’s use of or reliance on said information.