Wednesday June 10, 2015

Creating the Financial Projections for Your Business Plan 

Writing a great business plan is one of the most challenging tasks that a business person will ever undertake.  And developing financial projections is the most difficult part of the business plan. 

This workshop will teach you how to use a powerful tool created by SCORE that will provide you with a structured method to develop financial projections for your business.  This Excel-based tool will take your revenue and expense forecasts and automatically create:

• Cash flow projections
• Income statement (P&L)
• Balance sheet
• Breakeven analysis
• Financial ratios

All attendees will receive a copy of the Excel workbook.  You will need to have a copy of Microsoft Excel in order to work with the tool after the class.

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Tim Thompson has been involved in finance for over 25 years. He has experience in Small Business Lending, Commercial Real Estate Finance, Economic Development Finance and Residential Mortgage Lending. Tim moved to Florida in 2005 from Cleveland, Ohio where he was involved in a number of business, community and civic activities such as Loan Review Committee and Board of Trustees of Growth Capital Corporation (SBA 504), Council of Smaller Enterprises (COSE), and many others.

Tim spent 6 years at SunTrust Bank in Commercial Real Estate Finance and currently serves as Business Development Manager for Paragon Florida. Tim manages Paragon's Venture Loan Fund, which is aimed at providing financing for early stage companies and growing small businesses. Tim is a Certified SCORE Mentor and leads workshops in small business finance for SCORE and other community development organizations. He is a graduate of Cleveland State University with a BA in Political Science, and a former instructor in Commercial Real Estate Finance at the National Community Development Lending School sponsored by the Federal Reserve Bank of San Francisco.