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Creating a Comprehensive Budget for Your Business: Class 2/3

March 17 @ 9:00 am - 10:30 am

 

Financials are critical to a business no matter if it is a start-up or a mature company. Without a comprehensive plan, a company cannot set goals, determine inventory needs or set sales goals. Creating a financial plan will give your company purpose and direction. Each participant should attend the complete series of classes – by the end of the series each participant will have a completed budget for 2020.

 

This series of classes will break the financials into sections: 

• Class 1: Income Budget

• Class 2: Cost of Goods

• Class 3: Expenses and Cashflow 

 

Class 2 – Cost of Goods (COGS) & Gross Profit 

Cost of Goods (COGS) is the most complex part of budgeting process. It is critical to really understand your COGS so you know exactly how much it costs to produce your products or to offer your services. It is important to understand the relationship between COGS, Sales and Gross Profit.

In this class we will determine the COGS for your products and/or services.

• Learn what goes into the Cost of Goods

• What does it actually cost you to produce your merchandise or offer your services?

• Determine how much you should charge for your merchandise or services

• Determine the gross profit dollars and the gross margin percentage for your merchandise or services and why this is an important number to know

• By the end of this class each participant will be able to verify their own COGS and determine how to price their merchandise or services for their customer

 

Register now!

** Registration required prior to the workshop

 

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.

 

Details

Date:
March 17
Time:
9:00 am - 10:30 am

Organizer

Hannah Grimes Center for Entrepreneurship
Phone:
(603) 352-5063
Email:
programs@hannahgrimes.com
Website:
www.hannahgrimes.com

Venue

Hannah Grimes Center for Entrepreneurship
25 Roxbury Street
Keene, NH 03431 United States
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