Accounting Basics

Some entrepreneurs start a business with out considering how profitable it should be. Others come to realize after more than a year of losses that perhaps the business is not viable. In this seminar you will learn how to determine if your new business idea can be profitable, or your existing business more profitable than in the past, and how. You will also learn sources of money to fund your business and which ones are appropriate for the stage of your business or for the intended use of the funds. How You Will Benefit: • Learn the difference between profit and cash flow • Understand the operating cycle for your business and how it affects the amount of cash you have • Know what working capital is and how much you should have • Learn how to calculate financial breakeven and translate it into a metric for use in your business daily to keep you profitable • Learn the sources of money for start-up or early stage businesses • Understand what lenders want to see to approve a loan

Speaker(s): Dale Clack, Denver Metro SBDC SBDC Business Consultant Dale Clack has over 15 years of experience in corporate financial management roles in the functions of corporate income tax, capital budgeting, controllership, and corporate finance. He was active as a CPA for 20 years including 6 years with a “Big 4” CPA firm. Clack served for 5 years as the corporate CFO of a company with over $50 million in sales. He has been a business broker for over 10 years and holds the Certified Business Intermediary (CBI) designation from the International Business Brokers Association. He has consulted with many small businesses about growth and exit strategies.

Fee: $ 50.00

REGISTER at www.denversbdc.org/seminars. For questions, please contact Alea Kilgore at Alea.Kilgore@denversbdc.org or (303) 620-8076.