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SCORE Building Financial Projections for Business Plans Workshop
September 29, 2020 @ 9:00 am - 11:00 am CDT$20 – $30
This workshop is designed to walk students through the process of developing financial projections for their proposed business model. Step-by-step instruction for preparing projected Income Statements, Balance Sheets and Cash Flow Statements for inclusion in their Business Plan will be covered.
Topics to be discussed include:
Understanding Financial Terminology
How to project sales volumes for proposed products/services
Pricing and projected revenue generation strategies
Elements of product/service cost
Determining sales Breakeven point
Calculating Sources and Uses of Capital required
Estimating working capital needs during start-up
Available on-line resources
Use of financial projections in on-going business