ALB 2023 Power Tools for Your Business - Part 2, session 1: Drilling Down on Your Numbers

Virtual training 2/9/23, 2/14/23 and 2/16/23, 11:30am - 1:00pm

Does the thought of going through your business financial statements give you anxiety? Have you ever been in a meeting with your accountant unsure of what the financial terms mean or not sure what to ask? If so, you’re not alone. Now more than ever it is imperative you understand the most important financial tools that will help your business succeed. Your financial statements tell a story about your business – do you know how that story gets written? This 3-sessions workshop will show you how financial statements are built, how to know the difference between profitability and liquidity (and why it matters) and provide tools for pricing for profit.

• Session One (2/9/23): Break Even Analysis – Learn a simple tool for determining break-even for your business. Also learn how to use this tool to give you clues into your pricing strategies.
• Session Two (2/14/23): Intro to Financial Statements – Learn how the Profit and Loss and Balance Sheet are built and what all the numbers and ratios mean to your business success. Understand how lenders will read your financial statements and what ratios they focus on.
• Session Three (2/16/23): Cash Flow Statement – Learn how to prepare a cash flow statement, and learn why it is critical to manage your business. Understand why you might be showing a profit but have very little cash on hand.

Reasonable accommodations for persons with disabilities and language assistance services are available for limited English proficient individuals. Please notify Margarita Guarin at 505-246-6900 when you register for the class, or no later than 24 hours prior to your class, so that WESST can make sure necessary accommodations are available. All programs and services are provided to the public on a nondiscriminatory basis.

The Women's Business Center is funded in part by the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.