Money Smart Small Business

Entrepreneur, Events

The new 2017 Smart Money Small Business 13 Step Program is designed to help small businesses and entrepreneur’s navigate starting and running a business.

Presented by the Small Business Administration will educate attendees on the following 13 modules:

 

1. Is Owning a Business a Good Fit for You?

After completing this module, participants will be able to: Distinguish the myths and realities of small business ownership. Start a self-assessment to determine their readiness to become business owners. Set a plan of action gathering feedback from family, friends and potential customers.

2. Planning for a Healthy Business

After completing this module, participants will be able to: Convert a vague idea into a resource plan. Understand how a business plan helps motivate stakeholders to support their business ideas. Understand the importance of personal credit and a healthy relationship with lenders.

3. Managing Cash Flow

After completing this module, participants will be able to: Understand the purpose of cash flow management in a small business. Make cash flow projections based on the cash cycle. Identify some ways to manage cash flow, including receivables and payables. Work more effectively with technical experts.

4. Banking Services

After completing this module, you will be able to: Identify the most common banking services for a small business, including business checking, payroll processing, business loan and others Evaluate your business and what banks have to offer to you Identify which banking services are the best for your business

5. Organizational Types

After completing this module, you will be able to: Explain general characteristics, pros, and cons of these five common organizational types: Sole proprietor, Partnerships, Limited liability company(LLC), C-corporation and S-corporation Understanding what is the consideration when you decide your organization types Identify which organization types can benefit your business

6. Time Management

After completing this module, you will be able to: Understand why time management is important to small business Apply some general time management practices, including: Pareto Analysis, ABC Method, Eisenhower method and POSEC method.

7. Financial Management

After completing this module, you will be able to: Understand the concept of financial management and its importance Explain financial management practices, rules, and tools commonly available to small business Identify financing basics for small business, such as: start up financing, financing fixed asset, working capital

8. Record Keeping

After completing this module, you will be able to: Explain record keeping basics- practices, rules, and tools Understand how and which records can benefit your business Identify software products relevant to business record keeping

9. Credit Reporting

After completing this module, you will be able to: Understand the purpose for credit reporting and its benefits, risks, and responsibilities Explain how these credit reports works and Identify differences between business and consumer credit reports Understand how to improve your business’ credit.

10. Risk Management

After completing this module, you will be able to: Identify the common risks relevant to a small business. Identify the common warning signs of risk for a small business. Implement, monitor, and evaluate a risk management plan for their business

11. Insurance

After completing this module, you will be able to: Understand why insurance is needed for a small business Identify other types of insurance that a small business should consider Explain how to choose the insurance products that are best for your business.

12. Tax Planning and Reporting

After completing this module, you will be able to: Understand the federal, state, and local tax reporting requirements of a small business Explain how to manage your tax obligations and establish proper accounts Understand how the forms and processes are used to pay business taxes

13. Selling a Small Business and Succession Planning

After completing this module, you will be able to: Explain how to sell and close a business Understand benefits of creating a retirement plan

2017 DATES & TICKETS

 

THIS COURSE IS FREE FOR GOLD & PLATINUM MEMBERS, discounted for CLASSIC level member & $100 for non members.  Login to access discount codes and register at the free/discounted rate.  Courses are held every other month starting in January 2017.

January 23-28

March 27-April 1

May 22-27

July 24-29

September 25-30

November 27- December 2

Previous Story
Next Story

You Might Also Like

No Comments

Leave a Reply

%d bloggers like this: