Financial Management

While having a fantastic product and top-notch marketing is essential, it’s equally crucial to understand your financial health. Without the knowledge of budgeting, recordkeeping, and accurate cash flows, your business could face uncertainty. This workshop will help you learn to craft a solid startup budget, forecast cash flows, and expertly analyze your break-even point. In the workshop we’ll not only discuss the budgeting process but we’ll use IDRS’ Cash Flow projection tool to develop a budget that you can use to manage your business. You will learn how to estimate sales and expenses and where you can go to get information that you can use in creating your budget. And because creating a budget is an important planning tool for both business and the family, the principles in this workshop will be helpful for creating a family budget too.