Small Business Development Overview / Startup Budget and Financial Projection
Are you an entrepreneur thinking of starting a business or are you already in business and not sure if you have completed all the necessary steps to be an established entity or successful business? This workshop is designed to help entrepreneurs with start-ups and established businesses to examine the feasibility of their small business idea in the current market, examine entrepreneur readiness, business plan development, entity formation, managing risk, and various ways to fund or bootstrap the business. Creating financial projections is an important part of your startup’s business plan. If you’re seeking financing, financial projections help convince prospective lenders and investors that your business will be profitable by offering them a good return on their investment. If you’re not seeking financing, you may think you don’t need financial projections and can just “wing it.” Big mistake!!! Financial projections are vital because they enable you to plan and budget for your new business and serve as a yardstick. In this session we will review Sales Forecast and Expense Budget to make up your financial statements: Income Statement and Balance Sheet.
Speaker(s): Sonya Miller-Ray / Tony Proctor
Zoom Webinar Link will be email from wbc-charlotte@theinstitutenc.org email account 1 day prior and 1 hour prior to the session.
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Fee: No Cost
Location
The National Institute of Economic Development Women's Business Centers are funded in part through a cooperative agreement with the U.S. Small Business Administration and are members of the Association of Women's Business Centers. The Women's Business Center of Charlotte is funded in part through a cooperative agreement with the City of Charlotte.