3-Session Class to Improve Your Financial Management Skills

Learn to Plan for Monetary Success

Class Dates: February 18th, 25th and March 4th

If you are a business owner and/or senior manager who wants to understand your business financial situation as well as to get better at managing the money better this cohort is for you. In this 3-part, in-person series you will learn about managing cash flow, financial forecasting, budgeting, planning growth strategies, creating dashboards and other processes to successfully manage your financial success.

Don't Wait to Sign Up, Limited Seats are Available

Register now to make sure you can take advantage of this valuable opportunity.

This class is specifically designed for Business owners or Senior Managers who have been in business for one or more years.

What You'll Learn: Cohort Agenda

Week 1: Feb 18th, 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

Week 2 – Feb 25th, 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

Week 3 – Mar 4th, 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

Presenter: Timm Johnson, Mason SBDC Director

Timm Johnson is the Director of the Mason Small Business Development Center and provides business counseling and mentoring for Virginia entrepreneurs and small business owners. Since 2009, Timm has counseled over 1200 clients providing advice on launching, financing, marketing, and selling their business.

Timm is a practiced entrepreneur with over thirty years of finance and operations experience for technology and services growth companies in the commercial and government sectors.

Timm is a founding director of Mason Venture Mentors, a provider of business advisory services to start-up technology companies. Through Venture Mentors, he has provided leadership roles in several companies including Nexus Technology Services LLC, Visionary Consulting Partners, LLC, and Next Breath a division of the Aptar Group, Inc.

Partners/host: Loudoun County Department of Economic Development