Financial projections are a required component in any business plan, one that lenders and potential investors will closely scrutinize to make their decision. Moreover, the same financial statements become a most valuable tool on an ongoing basis to manage and make decisions for the lifetime of any business, big or small.
Topics to be covered:
*Profit and Loss Statements
*Balance Sheet basics
About the Presenter- Mike Hadra
Mike retired from ABB, a multinational supplier of engineered control systems for process industries. He was responsible for departments, managed a projects organization, had profit and loss responsibility, and was Director of Operational Excellence and Safety of a multi-hundred-million-dollar division. During the 10 years as a SCORE volunteer, Mike has counseled. well over 500 clients and helped start more than 30 businesses. His non-accountant managerial experience, with its use of financial planning and control tools makes him ideally suitable to teach a financial workshop to business owners, focusing more on practical aspects than on accounting theory.