Know Your Numbers and Increase Your Bottom Line!!
04/25/2024 08:30 AM - 04:30 PM CT
Admission
- $150.00
Description
Know Your Numbers and Increase Your Bottom Line!!
April 25 8:30am-4:30pm & April 26 One-On-One Appointment | At CCHE
Instructors & Partners: Curt Walczak, Associate Regional Director Northland SBDC, and Pat Campanaro, SBDC
Join us in an interactive two-day presentation analyzing how your business can increase your bottom line by paying regular attention to a handful of key performance indicators
April 25 we will work as a team to understand and apply these concepts. Participants will have the option to set an appointment to meet one-on-one the next day (April 26) to discuss their individual business finances with Curt & Pat.
We will discuss:
- Income statement and balance sheet
- Types of accounts and where they belong
- The relationship between the income statement and Balance sheet
- What information each statement reports
- Break Even
- How to calculate the zero point
- How to use break even in different projects i.e. hiring an employee or buying equipment
- Margin and Markup
- Define the difference between the two ways of determining a sale price
- Why margin produces more profit
- Ratios and Benchmarking
- What is a ratio?
- What do ratios measure?
- How to use benchmarking standards
- Finding Cash in Your Business
- The role of cash in your business
- How accounts receivable affect cash
- Banking Relationships
- LOC rules of thumb
- What is the LOC used for
- Equity is needed for a loan
- SBA Loan types: 504; 7a; Express; PLP Lender
- Bank Checklist
- Cash Flow Projections
This event includes lunch, if you have any dietary concerns please contact gethelp@mycche.org.
Curt Walczak, Associate Regional Director Northland SBDC, and Pat Campanaro, SBDC consultant will present this two-day-long workshop.