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Course Description

Financial Fundamentals for Business Owners will aim to improve the financial decision making of small business owners. The program content is designed to educate business owners on the importance of good financial data and how to use that financial data for both tactical and strategic decision making. This program will cover the process around good recordkeeping, the tools to use, the reports to be derived, and how to analyze the numbers to improve cash flow and profits. Participants will also gain a better understanding of how banks/lenders evaluate their businesses and capital requests. 

Course Outline

  • Accounting and Record Keeping Basics
  • Understanding Financial Statements
  • Analyzing Financial Statements
  • Improving Cash Flow and Increasing Profits
  • Establishing Financial Controls
  • Forecasting
  • Becoming Bank Ready and Understanding Financing Options

Learner Outcomes

  • Participants will learn how to understand and interpret data on financial statements.
  • Participants will learn strategies for improving cash flow and increasing profits. 
  • Participants will learn how to implement financial controls in their business. 
  • Participants will learn how to become "bank ready" and gain an understanding of financing options. 

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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Section Title
Financial Fundamentals for Business Owners
Type
In Person
Days
W
Time
9:00AM to 3:30PM
Dates
Oct 18, 2023
Schedule and Location
Contact Hours
6.5
Hosting Center
  • UGA SBDC Savannah and Statesboro
Course Fee(s)
Registration Fee non-credit $0.00
Instructors
Section Notes

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. Contact Lauren Davis at ldavis@georgiasbdc.org or call 912-478-7232.

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