Develop Your New Business Startup Budget-What Will Your Profit (or Loss) Be?

A Startup Budget AND Pricing Products and Services: Knowing if your “Price is Right”  for Your New Small Business together in one weekend!

A Startup Budget for Your New Business…is a roadmap for you to achieve your business goals This is a two-part series but we are combining them by popular demand. Part one addresses business expenses and part two will address how to price your product or service.  What will a startup budget tell you before you start your business?? *How much cash you will need to launch your business  *How much cash you will need to keep your business running before you make a profit *What capital investments you will need *How much in sales will you need to be profitable? *Will you be profitable and if so, when? We will brainstorm business expense ideas in part one and the thought process behind pricing decisions in part two.A hardcopy of a sample startup budget will be distributed at the workshop. The budget template will be sent out along with the PowerPoint presentation a few days after the workshop has been presented.            

Pricing Products and Services: Knowing if your “Price is Right” Correctly pricing your product or service is crucial to your business’ success. It's just as important if you are in the start up phase of your business, or if you have been in business for years. Your pricing should be evaluated regularly. But what factors should you consider when determining your price? This workshop will discuss critical elements small business owners should address when setting their prices from “cost plus”, to market-driven, to understanding your competition. Whether you are selling a product or a selling a service, this workshop will help you understand the key factors that go into pricing, and thus help you optimize your pricing for your business success.

Registration and a LIGHT BREAKFAST WILL BE OFFERED from 9-9:30 am

This workshop is presented by SCORE Boston and presented by Gloria Spence and Stu Agler. Gloria was the former Director of Finance- Northeast Region for Hearst Television (WCVB TV). Stu has 36 Years with Exxon Mobil Corporation, primarilyin the Chemical / Polymer business, - 15 Years in Finance, Controller and Planning roles, - 4 Years in Supply Chain roles, - 15 Years in Market Facing Sales Roles, - 2 Years as President of a Joint Venture Technology business, Extensive experience with Commodity and specialty plastics, Basic Chemicals,Research and Development (product and process), Significant Leadership and Mentoring experience, including site management