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Course Description

As a business owner, it is of the utmost importance that you have a basic understanding of Budget and how to manage the costs during a crisis. More specifically, you need to know the difference between cutting costs and closing the business. In order to do this you need a working up-to-date budget.

Course Outline

Key Elements of Training

  1. Budget and Leadership - 10 Minutes
  2. Pros and Cons of a Budget - 5 Minutes
  3. Goals - 5 Minutes
  4. Profit and Loss Statements - 10 Minutes
  5. Creating a usable budget - 20 Minutes
  6. Q&A - 10 Minutes

Learner Outcomes

Attendees Will Learn:

  • How to Set a Budget
  • Key Elements of Managing Costs During a Crisis
  • How to Prioritize Cost Cutting Measures
  • How to Determine Cost Cutting vs. Closing

Notes

A Public Service and Outreach Unit of the University of Georgia. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All programs of the UGA SBDC are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. 
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