Financial Statements:

Their Importance and How to Use Them

Have you ever found yourself making any of these comments?

I know I need to do a business plan and it has to include projected financial statements, but I really don’t understand what they are.I’ve never been any good with numbers.
I think I’m making a decent profit, but I never seem to have enough cash to pay my bills.
I can print my financial statements out of Quickbooks, but I really don’t know what I’m supposed to do with them.

If so, this is the workshop for you. This is a very basic workshop and we’ll go over the financial statements that every business owner should be reviewing. We’ll show you what to look at and why. Learn the best practices to follow and the common pitfalls to avoid.

A business can be profitable right up to the time it goes bankrupt! Profits are not the same as cash and cash will always be king!

Presenter:

Tom Baumann – After earning an MBA degree from San Diego State, he began his career with the “Big Eight” accounting firm of Coopers and Lybrand. Tom specialized in the Emerging Business Services Department to work with start-ups in the accounting and finance area. He left the firm to join a start-up company in the computer industry.

Later Tom became CFO of a small company that imported women’s apparel from 15 different countries and sold to retailers including Wal-Mart, JC Penny and The Limited. After growing the company and bringing the company public, he went to work for a manufacturer of hair care products. Later that company was sold to Proctor and Gamble.

Tom retired and joined SCORE a few years ago. He is a presenter at a number of workshops dealing with accounting and finance.