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Financial Health - The LifeBlood of Your Business - Covid Crisis

On Demand
Until Sep 30
Online
Facilitated by Central Mountain SBDC
Topic: Financing

Financial Health - The LifeBlood of Your Business - Michele Hodde Description: Equip small business owners with an understanding of the key financial metrics important to managing their business in an understandable way for non-financial types.

Financial Health - The LifeBlood of Your Business by Michele Hodde Description: Equip small business owners with an understanding of the key financial metrics important to managing their business in an understandable way for non-financial types. Section Objectives: Be able to assess the financial health of your business Understand how to go about prioritizing areas for improvement- analyze profits by employee, product and customer type Understand what scenario planning is and why it is beneficial Understand benefits of establishing a routine financial review and how it will enable you to anticipate and be proactive to changes in your business including weathering a recession What Participants Will Learn: Basic Understanding of key financial statements, percentages, burn rate and Key Performance Indicators (KPI’s) relative to standards for select business types Guidelines for how to structure your financial reports to identify changing conditions and drive decision making and reallocation of funds. Tactics to get more profit out of your business – especially important in downturns. Learn best practices to keep your finger on the pulse of your business over time and anticipate changes. How to have the right financial information to support debt financing when needed.

Speaker(s): Michele Hodde - Central Mountain SBDC counselor and BS Aerospace Engineering, MBA, Realtor with 30+ years experience across multiple industries and sized companies from start-up to global companies. Co-founder of a capital intensive start-up manufacturing company.

Co-Sponsor(s): Chaffee, Lake & Park Counties, Central Mountain SBDC, West Central SBDC and Northwest Colorado SBDC.

If you have any trouble viewing this on-demand workshop please call Jamie at 719-221-0374 or email info@centralsbdc.org


Fee: No Cost

Financial Health - The LifeBlood of Your Business - Michele Hodde Description: Equip small business owners with an understanding of the key financial metrics important to managing their business in an

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