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Events

Build a Budget for Your Business

Resource Partner Event
May 27

Build a Budget for Your Business

Business and EconomyManaging a Business

Date:
May 27, 2020 | 6:00 pm EDT - 8:00 pm EDT

Address:
This is an online event

Organization:
SCORE Broward

George Gremse, Chapter Chair

Resource Partner Type:
SCORE Business Mentor

Fee:
15.00

This hands-on workshop will give you the fundamentals that you need to build a simple budget for your business. Don't run a business without a budget to guide you and to help you make critical decisions. Learn how to forecast revenues and estimate your expenses. Putting a budget together isn't hard when you know what to do. Come to this workshop and get the knowledge needed. What's covered: How to get organized to do a budget Understanding the data & information you need to pull together Picking a method - simple spreadsheet or a commercial product like QuickBooks Forecasting Sales Estimating Cost of Sales Estimating Operating Expenses Calculating Profit/Loss Forecasting Cash Flows A good budget will show you what is coming at you. Will some months produce more expenses than revenue? If so, can you do something about it? Maybe you can move payments around. Profits from prior months can be put aside to cover the shortfall months. You might revise payment terms with customers to get a better flow of cash when you need it. Costs: $15 payable at time of registration.