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 free, online workshop, sponsored by Franklin Saving Bank, experienced SCORE mentors will explain the essential financial aspects of managing a business, including keeping financial records, understanding financial statements, considerations for setting prices and determining how much cash will be needed to start and operate a business.. 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.

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. 

Presenter Richard Ducharme is a Merrimack Valley SCORE MENTOR. He has 30 years’ experience in Bank finance and operation (CFO). In addition he has 15 year as a self-employed consultant and a Lecturing Professor in Investments and Corporate Finance at Graduate Schools of Business at local Universities. Also, he was a licensed investment advisor and certified public accountant in New Hampshire and Massachusetts.

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Host 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.