When

Friday, June 21, 2019 from 11:30 AM to 1:00 PM EDT
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Where

The Candy Factory 
342 Rear N. Queen Street
Lancaster, PA 17603
 

 
Driving Directions 

Contact

SCORE Lancaster-Lebanon 
SCORE Lancaster-Lebanon 
(717) 397-3092 
office@score16.org 
 

SCORE Lunch & Learn at The Candy Factory: Small Business Financial Management: 5 Keys to Success! 

 Please join us for the SCORE Lunch & Learn at The Candy Factory on Friday, June 21 from 11:30 a.m. until 1:00 p.m.

Presenter: Lou Davenport, SCORE mentor with thirty-five-years’ experience as a senior financial management executive in the Treasurer’s Office with Armstrong World Industries.

Description: Small Business Financial Management: 5 Keys to Success

  1. Define what success looks like in financial terms (PAT & ROE).
  2. Establish a clear “Chart of Accounts” in QuickBooks and define Gross Profit Margin. (Segment direct COGS, GPM, Overhead Exp, EBITDA, PBT)
  3. Establish a performance standard for producing and reviewing financial reports monthly and adhere to it. (Both P&L and BS, both for the month & YTD, and this Yr. vs. last yr. vs. budget)
  4. Learn what good looks like and develop your own financial SWOT analysis process.  Define financial benchmarks and measure results against them)
  5. Develop and execute actions steps plans to get to your definition of financial success. (Develop SMART financial objectives, action steps and measure progress against them).

Feel free to bring a bag lunch to this event, pizza & water will also be available. The program will end promptly at 1:00 p.m. This event is sponsored by SCORE Lancaster-Lebanon and the The Candy Factory.