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Becoming Best Friends with your Financials, Class Three: Expense Structure
Apr 30, 2019 @ 3:00 pm - 4:30 pm
Becoming Best Friends with your Financials Series
This six-part series on finance will be highly interactive and requires participants to be willing to share their numbers, as the class will include some time to work on budgets. Participants will bring in the numbers they used to determine a retail price on their service or item and a history of their monthly sales and expenses for the Cost of Goods class. This way, we can validate the numbers or create changes.
By the end of this series, participants will have a completed budget with validated and realistic numbers as well as the knowledge to read and use their financial statements in their business.
Please bring the following to each session:
• Ability to use Excel
• And other items per the workshop topic
Class Three: Expense Structure
This class with focus on the expenses of running the business. We will also discuss which expenses are Profit and Loss items and which items show up on the Balance Sheet.
– Participants should bring a list of expenses and how much they spent on these expenses over the last 12 months. If there is no history, a projection of what they believe their expenses will be within the first year of business will also work.
– Expenses: variable costs, fixed costs, payroll, balance sheet items, net income
View the other sessions in this series:
About the Instructor:
Ann Connor is an award-winning business adviser. She has assisted businesses and organizations throughout the U.S. to create action plans for strategic growth. With over 25 years of experience in the retail industry, she’s helped more than 200 entrepreneurs and non-profit organizations identify their goals, steer them around a multitude of obstacles, and tackle their long-term challenges with a series of manageable steps. She sees her coaching as empowering people to be successful.