Financial Management Cohort February 2025- Loudoun

Improve Your Financial Management Skills and Learn to Plan for Monetary Success

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 Seating.

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

Dates: Feb 18, Feb 25, & Mar 4, 2025 (Thursdays) | Time: 11:00 AM - 1:30 PM

Location: 43777 Central Station Drive. Suite 300, Ashburn, VA 20147

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

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

Partners/host: Loudoun County Dept of Economic Development