Know Your Numbers: Using Your Balance Sheet & P&L to Make Better Decisions - Online webinar

Description

*This class is online only*

Financial statements shouldn’t just be something you look at when it’s time to file taxes or apply for a loan. Your balance sheet and profit & loss statement can tell you a lot about the health of your business—and help you make better decisions about what comes next.

In this session, Vicente Giordanelli with CIFI (Community Investment Fund of Indiana) will break down these two core financial statements in plain language. You’ll learn how to read them, understand what the numbers are telling you, and use that information to make more informed business decisions. The session will use practical examples relevant to small businesses and leave plenty of time for questions. 

Topics will include:

• The purpose of a balance sheet and profit & loss statement
• How to read and understand the major sections of each
• What your numbers can tell you about the financial health of your business
• How to use financial statements to guide business decisions
• How lenders may look at your financials when evaluating financing

Who should attend: Small business owners and managers who want to better understand their financial statements. You don’t need a finance or accounting background to participate.

Fifth Third Bank is a sponsor of the Southwest Indiana SBDC and helps make workshops like this possible.

REGISTER HERE

Funded in part through a cooperative agreement with the US Small Business Administration. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.