Learn How to Make More Money This Year
Tuesday, May 7, 2024 (3:00 PM - 5:00 PM) (EDT)
Description
Exclusively for Business Owners
Make More Money This Year!
Want to get a better handle on your Business? Confused about what is a financial projection for your business?
Financial projections are an important part of managing your business. Preparing financial projections may seem like a daunting task for small business owners, but if you can create financial statements, you can create financial projections. Similar to creating a budget, financial projections are a way to forecast future revenue and expenses for your business. It is using existing or estimated financial data to forecast your business's future income and expenses. This helps you see how changes to one aspect of your finances (such as higher sales or lower operating expenses) might affect your profitability. Financial projections are also used as a way to attract future investors and is an important component when preparing a business plan for a new business or creating a strategic plan for your current business.
You’ll learn a two-step approach to making more money:
- Understand your own financial results; and
- Use the lessons learned to improve your business plan.
By closely examining your income, expenses, and investments, you can uncover valuable insights that will help you build a more profitable business by cutting some costs and/or investing more in other areas.
This approach does not require financial expertise.
Richard Sellers from SCORE will present a single tool already used by more than 1,000 people which allows you to understand your recent financial results and build a new plan.
Take control of your finances today and start building a better future.
#businessgrowth #finances
5 Computer Drive South
Albany, NY 12205-1608 United States
BIPOC
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