Small business research clearly shows financial management skills and processes are directly correlated to a companies ultimate success or failure. Thinking they aren't "good with numbers", many entrepreneurs struggle with financial forecasting and budgeting. My objective is to take the mystery and fear out of this crucial part of starting and running a business.
The process behind creating cash flow forecasts CAN be a fun "experience" of visualizing your business future and growth. We'll review and discuss;
~How to translate your action plan into a financial forecast and budgetbr /> ~Where to find industry data to validate the assumptions made in the plan
~How to use financial ratios to define the health of your business
~What bankers/lenders/Investors look for in forecasts & why it's important to include in your loan package.
~ How to stay on track with your profit plan.
This will be part presentation and part interactive discussion & brainstorming to help entrepreneurs understand how to create cash flow projections and budgets.
Register at http://www.meetup.com/raisingcapital/calendar/15930019/