FREE: Do Your Financial Projections!

Event description

WHO SHOULD ATTEND?

People with a small business who want to become more comfortable with their numbers and doing financial projections. Forecasting is essential to operating your business, managing growth, increasing its viability and can be a foundation for future fundraising.

This webinar is intended to be a companion webinar to “Create the Business Plan That’s Right for You”; these webinars can be taken in either order. 

EVENT OVERVIEW

Doing financial projections helps you understand the viability of your business. It can be the foundation for expanding, growing and strengthening your business so you can open a new location, pivot to offering new products/services, or build on current strengths.

But numbers and financials can be intimidating. We want you to feel comfortable with your numbers so… A team of experienced SCORE NYC mentors will take you through the financial projections for three simple small business examples (a service business, a service business with employees or subcontractors and a business with a product).

Join us for live Q&A!

WHAT YOU WILL LEARN

At the end of this webinar, you will have the knowledge and resources to:

• Summarize 4 forecasting fundamentals: Business Plan Basics, Importance of Stating Assumptions, Sales Forecast Preparation, and Assembling a Profit and Loss Statement ready to show to investors and/or lenders.
• Describe the assembling of financial projections based on the examples of two small startup businesses
• Utilize the relevant Financial Planning templates and tools
• Recap the 6 key criteria that lenders are looking for