Part 3 -Financial Management Series (2025) - IN-PERSON | 3-Part (Herndon)

Dates: Oct 1st, 8th, & 15th, 2025 (Wednesdays) | Time: 7:30 AM - 10 AM

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!

Speakers & Presenters: Timm Johnson - Director, Mason SBDC & Carl L. Hairston, Area Executive Vice President for First Citizens Bank

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

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Week 1: Wed, Oct 1st, 2025

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

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Week 2 – Wed, Oct 8th, 2025

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

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Week 3 – Wed, Oct 15th, 2025

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