Do Numbers Scare You?

  1. Jan 23 @ 6:30 pm to 8:30 pm

Minto Chamber Member Rate $15pp
Non-Member Rate $20pp

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Do numbers scare you?

The devil is in the details! Learn the best practices for building practical financial models for your startup or business.
Do numbers scare you? Are business financials what you consider the complicated side of starting and managing a company? No matter your business model, a lack of attention to financial information will hurt your business.
This 2-hour workshop sheds the light on the basic knowledge and principals any entrepreneur needs to understand to demystify the financial side of business. We’ll will help you understand the basics of building your financial predictions, where to get started, explore profitability and discuss failing on paper before you invest too much time and money.
Whether you are experienced in business or you just want to get started on the right foot, attending this introductory seminar is time well spent! When you own a business--any business--what you don't know can really hurt you.
Each participant will receive a simple budgeting template (.xls) and we’ll walk you through how to use it step-by-step, so that you can create and maintain monthly sales and cash flow forecasts for your business. As your business grows, so does your financial risk, so start building good financial habits early and you'll be fine.

What will I learn?

  • The importance of knowing your forecasted sales and expense numbers ongoing! How to avoid the unknown, surprises
  • The difference among fixed, variable, and discretionary expenses and techniques for estimating your future cash inflows
  • Understand the foundations of small business financial planning and create a realistic, manageable sales and financial plan for your business
  • Various price positioning strategies
  • How to be proactive and forecast your monthly sales and monthly cash flow using a simple excel template


Who should attend?

  • Entrepreneurs who are thinking of starting their own business and want to increase their general business financial literacy and as a result - chances of success
  • Those who have a clear idea of the business they want to start, the products and/or services they want to offer and the customers they plan to serve
  • The small business owner that may be struggling with their current business, want to understand how to manage their numbers and/or wish to bring it to a new level