Event

Small Business Financial Management Series

Sep 18 11:30 am — 1:00 pm
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Event Details

Presented by Wells Fargo

Time: 11:30am to 1pm

This is a 5-Session Virtual Series through Zoom.

Dates: Wednesdays, Sep 18th, 25th, Oct 2nd, 9th, 16th.

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!

Week 1 Basics of Financial Statements (Balance Sheets & Income Statements) – A thorough breakdown of how to maintain a balance sheet, and write an income statement (also known as a Profit & Loss Statement).Learn about different types of assets and liabilities, and how these items affect the health of your company. Explore the effects of profits and losses. Case studies are used to make concepts accessible.

Week 2 Understanding Financial Ratios and Analyzing Financial Trends – Learn how to use aspects of your financial statements as warning signs to assess the health of your business. Financial Ratios represent numbers taken from the Income Statement and Balance Sheet that are used to show the behavior of numbers in relation to one another. Learning how to calculate and understand ratios allows you to spot potential problems before they destroy your business. Trend Analysis tells us the direction and severity of the problem.

Week 3 Virtual open office hours session/ Q&A session.

Week 4 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.

Week 5 Forecasting & Budgeting to Improve Profits – Learn how to use historical trends from your business to make informed predictions about the future. Analyze trends to predict your costs and revenue and budget strategically to plan for profits.

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. 

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 Northern CaliforniaSmall Business Development Center, and its host, the HSU Sponsored Programs Foundation, 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 Northern California Small Business Development Center or it’s host, the HSU Sponsored Programs Foundation, 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.

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