Business Workshops Anyone?

Savvy Business Owner is offering a series of business workshops in the DC metro area. We’re also offering business workshops online. If you’re interested in learning more about locations in the DC metro area or the online workshops, please click the button!

PS We LOATHE spam and an overflowing inbox so we won’t overdo it – promise!

Interpreting Financial Statements

Banking_mIt’s likely you have financial statements you never use. You may have them because your accountant requested them, a lender required them, or they were produced as part of your business plan. More likely, they are generated automatically by QuickBooks. You know these reports contain valuable information, but you’re not sure you’re making the best use of them. You can tell if you made or lost money. You can tell if you did better this month than last – or at least you think you can. Bottom Line? You’re not all that confident you know what the numbers mean.

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Track the Money Flowing In and Out of Your Business

adjFinancials_mThe ability to track money flowing in and out of your business is one of the most important parts of being a success. If you don’t know how much – or how quickly – money is leaving your business, you’re at serious risk of landing in a situation where there are no funds on hand when you need them to take advantage of an opportunity or pay what is due to a vendor. If you don’t know how much – or from what source – money is coming into your business, you may be in the happy position of having plenty of cash on hand, without a clear idea of which clients owe money and how long it has been due to you. (more…)

Your Business Plan

adjWorkDesk_mPlanning is an essential part of an entrepreneur’s life. Your business plan serves as a guide going forward. The best plans are not rigid documents cast in stone. The best plans have some flexibility built in. After all, how often does anything run 100% according to plan?

That’s not to say a business plan is made up of a bunch of guesses and wishes. To be worth the time and effort devoted to researching and writing the business plan, it must be based upon solid facts and figures. It must also be prepared with your full involvement because you are the one with the vision. You are the one who is the most invested in the success of this venture.

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