SCORE: Module 2 - Webinar Series On Mastering Business Financial Literacy

By attending this four part Webinar series, you will learn the basics of Financial Literacy, which will help you to enhance the success of your Business. Unlock the secrets to financial health for your business! This comprehensive webinar series is designed for new and established small business owners looking to gain a solid foundation in financial management. Learn the essential skills from Budgeting to Cash Flow management to Securing Funding and Tax Planning.

Session 2 - Wednesday - 2-18-26 - 6:30 PM CST

Start by using the current Financial Essentials for the Start-up program after “Break-Even.”

·     Start-up and growth equity capital.

·     Funding requirements for operations before “Break-Even”; including pre-operational capital and other needs, and as the business contemplates growth.

·     Seasonal businesses need to evaluate operational funding during periods of lower revenues, i.e., less than “Break Even.”

·     Borrowing requirements for start-ups and growing businesses:

1.    Successful relevant business experience and operations.

2.    Equity capital, including affinity capital.

3.    Collateral and personal guarantees of borrowing.

·     Managing cash: Cash Flow

1.    Separate business only bank account and credit cards.

2.    Know your industry’s customer and vendor expectations.

3.    Limit owners’ compensation to cash available after business needs.

4.    Know and satisfy critical suppliers and creditors.

The Facilitator for this series is SCORE Member John Galati. John was a CPA with one of the largest Accounting Firms in the country, and has over 30 years experience as a CFO in multiple industries