National Development Council Releases Free Webinar Series for Small Business Owners
The National Development Council, a national leader in community and economic development training, has decided to release a training to assist small business owners who have been affected by the pandemic.
In addition to increasing the flow of capital to small business owners through the Paycheck Protection Program, New York Forward, SBA 7(a) loans, and a variety of other programs, we aim to bridge the information divide that often excludes small business owners. To that end, we are releasing our Cash Reigns Supreme webinar series and accompanying workbook.
Cash Reigns Supreme Webinar Series
The three-part Cash Reigns Supreme webinar series is designed to teach small business owners the importance of financial statements and how they can be used to make better business decisions. Participants learn how third parties, including lenders, evaluate financial statements to make lending decisions.
Specific topics include:
• The importance of maintaining current and accurate financial records
• Balance Sheet and Profit & Loss Statements
• The importance of CASH
• Determining your company’s cash needs
• Cash flow statements and cash flow forecasting
• Accounting terminology
• Selecting an accounting system
• Preparing for growth
The course follows a case study for Bread for Life, Inc. – based on a small business financed by NDC’s Grow America Fund. You do not need to complete the in-class assignment in the Coursebook you can download it from this webpage – but reading the Bread for Life case study before watching the recorded webinars should help you follow along. Having a calculator, pencils or pens and some scratch paper handy will allow you to analyze the case study’s numbers throughout the webinar.