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Financial Foundations Buena Vista: Building Blocks for Lean Business Success

Oct
1
2024
Tue, Oct 1 9:00 AM to 12:30 PM
Topic: Business Accounting and Budget

Unlock Financial Mastery! Join our interactive morning workshop designed to equip you with the essential financial tools to support your business growth. Whether you're just starting out or looking to scale your business, this session will provide you with the knowledge and assurance to manage your finances effectively. This session compliments the Lean Business Blueprint: Start or Scale with Confidence by supporting your business plan with a ProForma and financial management tools to build and measure your lean business plan processes. Objective: Gain an understanding of financial management, including basic financial statements, creating a ProForma, determining your break-even point, exploring various lending types and processes, and identifying grant opportunities. What You'll Learn: Basic Financial Statements: Learn to interpret essential financial statements, including profit and loss statements, balance sheets, and cash flow statements. ProForma Financial Statements: Understand how to create detailed ProForma statements that project future financial performance and support your Lean business plan. Break-Even Point Analysis: Learn how to calculate your break-even point to understand when your business will become profitable. Lending Types and Processes: A knowledge of different types of business loans, and learn how to prepare a compelling loan application. Grant Opportunities: Discover various grant options available for small businesses and how to apply for them successfully. Why Attend? Expert Guidance: Learn from an industry expert with a proven track record in business consulting and financial management. Hands-On Learning: Engage in interactive sessions and practical exercises that provide real-world applications. Peer Collaboration: Network and collaborate with fellow entrepreneurs to gain diverse insights and feedback. Ongoing Support: Benefit from additional no-cost one-on-one consulting to refine your financial strategies. Connect to Part 1: Lean Business Blueprint: Start or Scale with Confidence This financial segment ties back to Part 1: Lean Business Blueprint: Start or Scale with Confidence, where you developed a comprehensive Lean Canvas business plan. Combining the business plan with robust financial statements, including ProForma and break-even analysis, will empower you to apply for loans or grants confidently and manage your business concept effectively. A well-structured Lean Business Plan and accurate financial projections are crucial for securing funding and ensuring sustainable growth. Don't miss this opportunity to take your financial knowledge to the next level. Secure your spot today! REGISTER NOW

Speaker(s): Candace Bryans is a seasoned business consultant and founder of bvcowork & CB Wine Consulting in Buena Vista, Colorado. With a diverse background as a former chemistry and biology educator, and most recently as the creator of The Cellar on Railroad Wine & Tapas concept, Candace brings a wealth of knowledge and experience to the table. She is currently a Budget Analyst for CDHS, a Certified Sommelier, and the Treasurer for the Women’s Wine Guild of Colorado. Candace holds a Master’s in Education and an MBA in Finance from the University of Central Arkansas.

Co-Sponsor(s):


Fee: $ 25.00

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Phone: 719-221-0374

Location

Buena Vista Community Center
715 East Main St Buena Vista, CO 81211
Colorado Office of Economic Development and International Trade logo
Colorado-SBDC
Funded by SBA
Member of America's SBDC