Financial Management Series (2024) - IN-PERSON | 3-Part (Herndon)

Dates: Sep 18, Sep 25, & Oct 2, 2024 (Wednesdays) | Time: 7:30 AM - 10:00 AM

Location: 205 Van Buren St. Suite 120, Herndon, VA 20170 (Office Evolution - Herndon)

Speaker & Presenter: Timm Johnson, Mason SBDC Director

For: Business owners or Senior Managers who have been in business for one or more years

Fee: No Fee, thanks to sponsors

If you are a business owner and/or senior manager, attend this 3-part, (in-person) series. Learn about cash flow, forecasting and budgeting, growth strategies, dashboards and processes to successfully manage your small business finance!

---

Week 1: Sep 18th, 2024

Part 1: Building and Managing an Accounting System that works for you.

• Basic accounting explained – we will examine your chart of accounts, reports, and processes.
• Accounting Software - how to select the system that’s right for you
• Advanced bookkeeping – tracking inventory and direct costs

Part 2: Managing Cash Flow

• Improving cash collections techniques
• Expense payment management
• Tax Planning

---

Week 2 – Sep 25th, 2024

Part 1: Building your Forecasts and Budgets

• Building a simple to use cash basis annual forecast
• Building a multi-year financial plan

Part 2: Building a Performance Dashboard

• Understanding Key Performance Indicators (KPIs)
• Building a reporting system for those KPIs

---

Week 3 – Oct 2nd, 2024

Planning for the Future

Part 1: Growth Strategies

• Investing in Growth – the planning process
• Obtaining financing
• Business valuation
• Buying a business

Part 2: Protecting your Business and Exit Strategies

• Risk mitigation strategies
• Selling your business

Sponsors: Town of Herndon Economic Development | Partners/host: Office Evolution - Herndon