SBDC LA: Understanding Your Financials

Description

Do you receive financial statements from your accountant and not understand what those documents are telling you about the condition of your business? This seminar will help you understand the real purpose of financial reports such as Profit Loss statements and Balance Sheets and how to use these reports to more effectively manage your business. In addition, we will show you how to use a simple cash flow model that will help you do a better job of managing your cash.

If you have them available, we encourage you to bring out the Profit Loss Statements and a Balance Sheet from your business so you can use these documents to make this workshop more valuable as you use your own data to understand these concepts.

You will learn:
• What to look for when you are reviewing a Profit & Loss Statement or Balance Sheet.
• How to understand how much cash is in the business and how to effectively manage your cash for any large expenses you may have coming in the future.
• How to determine the value of your business, if you’re considering selling it.