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Know Your Numbers Workshop Helps Businesses Understand and Use Financial Statements —
Business owners can learn how to improve their fiscal fitness at a financial tools workshop Thursday, March 23 in Petoskey. “Know Your Numbers: Using Your Financial Statements to Better Manage Your Business,” is designed for small business owners and key staff who want to have a better understanding of how to use their financial statements to manage their business. The workshop will be held from 9 a.m. to 12 p.m. in Room 550 of the North Central Michigan College Student and Community Resource Center, 1515 Howard Street.
The workshop will be facilitated by the Small Business Development Center (SBDC) Growth Specialist, Mike Gay. Topics will include identifying opportunities and challenges with your balance sheet and income statement; applying break-even analysis to improve decision making; and understanding and planning the working capital to support your growth. Gay will also discuss proven ways to increase your company’s cash flow, and how to strengthen the partnership with your lender.
The Know Your Numbers workshop is being offered by the Northwest Michigan SBDC, in partnership with North Central Michigan College, Venture North, Baker College and Fifth Third Bank. The workshop will cost $25 per participant and will include a workbook and refreshments. Pre-registration is required at: sbdcmichigan.org/training. Fifth Third customers and veterans can contact the SBDC at [email protected] or 231-922-3780 to register for the workshop at no cost.
North Central Michigan College is an open-door community college based in Petoskey, with additional locations offering classes and services in Cheboygan and Gaylord.
North Central’s mission is to provide educational, economic and cultural opportunities for student learning, personal growth and community improvement. North Central is an Achieving the Dream Leader College and a Military-Friendly School®.
The Michigan Small Business Development Center (MI-SBDC) enhances Michigan’s economic well-being by providing counseling, training, research, and advocacy for new ventures, existing small businesses, and innovative technology companies. The Northwest Michigan Regional office is hosted by Networks Northwest and serves the ten county region including: Antrim, Benzie, Charlevoix, Emmet, Grand Traverse, Kalkaska, Leelanau, Manistee, Missaukee, and Wexford counties. The Northwest Michigan SBDC’s contributing partners are Baker College, North Central Michigan College, and Venture North. For more information, go to: sbdcnorthwest.org.