What financial principles are a must for starting a business? Learn how to develop a financial plan, understanding your expenses and securing startup funding. 

In this workshop, experienced SCORE mentors will help you understand typical business cost and expenses and you'll receive a simple tool to help you plan for them and estimate the sales volume you'll need to reach your breakeven point and then realize a profit.

We'll explain alternatives and options for finding funding for a startup and explain the pros and cons of the various types of business structures, i.e., sole proprietor, llc, S-Corp or C-Corp.

After this session, you should have the tools necessary to develop a financial plan for your business which you can use to support a funding request and to help manage your business, as well as get a Tax Identification Number/Employer Identification Number from the IRS, register you business with the State and open a business bank account.

Presenter Rick Dassatti is a Merrimack Valley Certified SCORE mentor with 35 years of experience in product development and manufacturing. He gained broad experience as the founder and CEO of a high tech start up. He helps clients with business startup planning, general management, business finances and help finding business loans.
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Presenter Dick VerEecke is a Merrimack Valley Certified SCORE mentor. He brings the experience of 30 years in corporate finance with IBM and was a Certified Financial Planner after retirement from IBM. He has also been a Volunteer Certified Tax Preparer for low and middle income taxpayers in AARP and VITA free tax assistance program. For the past 6 years he has been providing general business advice as a SCORE mentor, and has helped numerous small business owners start and grow their businesses.