Building cash and profitability projections for your startup or small business 

Before you start a small business, you need to know how much money will be required to get the business off the ground.  All businesses take some time before they start generating cash — it might take anywhere from several weeks to a few years before it has “positive cash flow”.  Knowing how much money you need to have on hand or available reduces the risk that you’ll run out of cash - because if you run out of cash during the start-up, the business will fail.  And knowing how much cash you need and how long it will take before you start to turn a profit is key to getting outside financing, whether the source is a bank, a non-profit lender or your friends & family.

This 90-minute workshop will walk you through the process of figuring out what your start-up cost and ongoing expenses will be, and what your profitability will be once you get the business off the ground. If you plan to start a business or are thinking about buying an existing business, this workshop is for you..

Presenter:  Mike Sandman, SCORE Mentor, ManagingPartner, Fuld & Company -- competitive intelligence consulting firm;, Chairman, SMI Systems, Inc. - startup manufacturer of closed loop controlsystems;, COO Bainbridge, sailcloth manufacturer & distributor;, Eli Sandman Co., family owned manufacturer of materials for composites