The S.D. Center for Business and Enterprise Opportunity at Black Hills State University in conjunction with U.S. Small Business Administration and the Small Business Development Center Network will present a new audio/video training series to help business find success in today’s challenging environment.
The Business Financial Management Small Business Education Series are a one hour training sessions that will provide guidance on various areas of business management and are designed for small businesses who want to improve business practices and be better positioned in today’s economy.
BHSU will hold remote sessions in the Governor’s Electronic Classroom in the Library room 009 at 9 a.m. July 15, 22, and 29.
Topics in this small business education series include:
• Differences Between the Profit and Loss and Cash Flow (July 15th)
This session will examine the differences between a Cash Flow statement and a profit and loss statement. Also discussed will be identifying trends in your revenues and expenses, which is essential to building budgets for business.
• Build a Budget – Loan Programs (July 22nd
Session two will focus on the process of building a budget - revenues, expenses and the impacts of changing sales. The second half of this session will include a discussion of the various loan programs that are available to small business.
• Biz Financial Ratios (July 29th)
Part of the planning process is monitoring implementation and performance. What are those critical ratios to the success of your business? At a minimum, every business needs to get to a point in which they are breaking even. This session will look at various ratios and walk through how to calculate the break even point of your business.
For more information contact Helen Merriman at 642-6311 or Helen.Merriman@BHSU.edu.