Financial Planning and Management - What Every Business Owner Needs to Know
“If you don’t know your numbers, you don’t know your business”
– Mark Lemonis, Host of CNBC’s “The Profit”
This workshop will help you understand the key financial concepts and tools you need to successfully plan, monitor, and manage your business. Even if you have an accountant to do the detail work, you need to understand how to interpret their reports to apply the financial intelligence they convey in order to manage your business offerings and operations.
It will cover the definitions and utility of key financial concepts and reports, such as cash flow, balance sheets, working capital, profit/loss statements, sales projections, and others. The workshop will also briefly introduce and provide access to several key tools you can use directly to assess the financial health of your business.
What you will learn:
- Cash Flow: Inadequate cash can starve a business to death
- Balance Sheets: Illustrates your business's net worth
- Working Capital: Capital used in its day-to-day operations
- Profit and Loss: Summarizes revenues, costs, and expenses
- Sales Projections: Determine upward or downward trends
*** Free ***
*** Free parking ***
Presenters
Robert Gomez is a Retail Operations Sr. Executive & Current Business Owner/Entrepreneur with over 30 years of analytical skills overseeing profitability, performance & process Improvement, expense reduction, and overall efficiency of over 750 automotive parts stores. He has a unique skill set that allows him to bring a different perspective to SCORE clients to impact growth, creativity & profitability. Over the last 30 years he has personally mentored small businesses that are still thriving today in over 15 different business sectors. Mr Gomez has been a Certified SCORE Greater Phoenix Mentor for over 2 years.
Jay Gladney is an executive-level information systems professional engineering services manager; project and program manager. He is a retired USAF Intelligence Officer with 21 years experience managing P&L for Network Solutions and Oracle Corporation technical services organizations supporting the US Intelligence Community. Jay was an Associate Professor at the US Air Force Academy--taught international relations and defense policy--and developed and taught project management courses for Network Solutions and Oracle Corporation. He co-founded and served as CEO for a telecommunications consulting partnership. He is a past SCORE Greater Phoenix Chairman and has been a Certified Mentor for over 6 years.