Small Business Financial Acumen Series – Starting March 2022
Are you looking at your financial statements and wondering what they are trying to tell you?
Do you want to have better control over your business finances?
If you are ready to increase your financial skills, this series is for you.
BDCC’s business finance workshops will provide a deeper understanding of financial statements, financial ratios, and how to build forecasts and budgets. The workshops are part of BDCC’s continued commitment to supporting the region’s businesses and entrepreneurs. The Financial Acumen Workshop is a combination of Online-Zoom sessions and pre-recorded sessions. Register for the online session and get free access to the pre-recorded workshops after completing the three pre-requisites.
Register HERE, maximum capacity of 30 participants.
This new series builds on financial workshops organized by BDCC in 2021 which covered the basic concepts of the financial statements, budgeting, and contingency planning. Just like the “Financial Foundation and Budgeting” workshop, these workshops are part of the “Foundations in Entrepreneurship and Small Business Development” offered by the BDCC Business Services Team and will be facilitated by Eyad Salha, BDCC’s Business Technical Assistance Provider. Recordings of the 2021 workshops are available here.
2022 SMALL BUSINESS FINANCIAL ACUMEN WORKSHOP SERIES Schedule
March 24th, 2022
Income Statements (Profit & Loss)
– Workshop will include:
- Identify Direct and Indirect Expenses
- Identify Variable, Fixed, and Mixed Costs
- Calculate Gross Margin, Operating Margin, Net Margin
- Cost-Volume-Profit Analysis
April 19th, 2022
Balance Sheets
– Workshop will include:
- Assets & Liabilities
- Calculate Depreciation Using Different Methods
- Inventory Recording Methods
- Calculate Efficiency and Leverage Ratios
June 23rd, 2022
What are investors and bankers looking at when they assess your business?
– workshop will include:
- Guest Speaker
- ROI, Working Capital Turnover Ratio, Funding Gap Formula
- Business Planning
Once you have completed the three workshops above, you will have access to the pre-recorded sessions below. These sessions will be pre-recorded to give you time to practice the skills you are learning as you go at your own pace.
How do I use forecasts to plan?
– workshop will include:
- Statement of Cash Flow
- Rolling Cash Flow Forecast
- Yearly Cash Flow Forecast
Building a budget
– workshop include:
- Building a Master budget
- Static budget
- Flexible budget
Eyad Salha is BDCC’s Business Technical Assistance Provider. Eyad has a B.S. in Finance from an American university in Beirut, is currently pursuing his Master’s in Business Administration at UMASS Amherst, and he’s in the last stages of becoming a certified Financial Modeling and Valuation Analyst.
BDCC’s Business Services Team offers a suite of services, programs, and resources at the Brattleboro Development Credit Corporation, the non-profit regional development corporation serving southeastern Vermont. We help at all business stages, from startup and growth, to reorganization and succession. BDCC’s business services are guided by the regional economic development plan (CEDS) to advance strategies that foster an entrepreneurial environment, support small businesses, increase access to capital, and build an inclusive and equitable economy. For more information please visit: https://brattleborodevelopment.com/
