Siskiyou EDC - Small Business Finance Bootcamp
with SBDC
$30
Siskiyou EDC - Small Business Finance Bootcamp
This two-part series will cover the basics of small business financial management and understanding how to improve profitability.
Session 1: Understanding Financial Statements and Income Analysis
- Overview of essential financial concepts for small business success
- Introduction to the ‘Big 3’ financial statements:
- Profit and Loss Statement (Income Statement)
- Balance Sheet
- Cash Flow Statement
- Deep dive into the Income Statement:
- Identifying and interpreting revenue drivers
- Key components of cost of goods sold (COGS)
- Calculating gross profit margin
- Understanding overhead expenses
- Determining net profit
- Using income statement insights to improve profitability
Session 2: Credit Analysis and Financial Forecasting
- Understanding credit analysis and its importance for small businesses
- Creating effective 12-month cash flow projections
- Setting up a simple Excel-based budget
- Making key assumptions for revenue and expenses
- Projecting future cash balances (monthly and annually)
- Practical strategies to improve and manage cash flow
- Using financial forecasts to support credit applications and business planning
Note: The local SBDC has partnered with Shasta College to bring a series of professional development courses. These courses are beneficial to anyone with a small business or those looking to start a small business. Funded in part through a cooperative agreement with the U.S. Small Business Administration, and grants with the California Office of the Small Business Advocate. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA or the California Office of the Small Business Advocate. Reasonable accommodations for persons with disabilities will be made if requested at least 72 hours in advance of this event; please send an email with the subject header ACCOMMODATION REQUEST to Shasta-Cascade SBDC, Alexander@siskiyoucounty.org, (530)222-8323
Date(s): Session 1 - Wednesday August 06, 2025
Session 2 - Wednesday August 13, 2025
Time: 6:00pm- 7:300pm
Fee: $30.00
Location: COS - Weed Campus with Hybrid Format Enabled
Facilitator: Quintin Gaddy
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