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Use a Six Month Budget to Guide Your Business' Recovery -C0017
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.

Jan 27, 2021 06:00 PM in Eastern Time (US and Canada)

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Registration fee $15.00USD

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Speakers

Josh Orlinski
Volunteer @SCORE Broward
Josh Orlinsky serves as a Managing Partner at Equiturn Business Solutions, Inc. and Equiturn Capital, LLC, and is a seasoned management consultant with close to a decade of experience in the industry. Josh has worked with over 150 corporations, spanning a wide variety of industries, including real estate development, staffing, security, government contracting, automotive, hospitality, construction, banking, retail, information technology, wholesale, online retail, and legal, with annual revenues ranging from $1 to $900 million. He has led teams for countless businesses to raise significant amounts of capital, and ultimately grow to meet their full potential. He has personally managed over $700 million in cash flow to date, and thoroughly understands how to maximize financial efficiencies and controls, with proven results. Josh is analytical and financially proficient, and his passion for business and drive for success has brought him to the point that he finds himself today.