Financial Planning & Funding Your Business:

Description

Hosted by SCORE

Understanding the financial side of your business is critical to long-term success. This webinar will help demystify the numbers by providing a practical framework for financial planning, performance tracking, and preparing for potential funding opportunities.
 

Participants will learn how to develop key financial statements and use them to evaluate business performance. The session will also explore funding options and what lenders look for when evaluating loan applications.
 

During this session, you will learn how to:

• Forecast revenue and expenses
• Create and understand Profit & Loss statements, Cash Flow statements, and Balance Sheets
• Conduct break-even analysis and establish performance benchmarks
• Identify potential sources of business funding
• Understand the Six C’s of Credit used by lenders
• Build strong banking relationships
• Implement basic accounting and bookkeeping systems
• Review financial statements to track and improve business performance

This session is designed for entrepreneurs who want to build a strong financial foundation and better understand how to prepare their business for funding and growth.