SCORE: Simple Steps For Starting Your Business — Session 4 ~ Financial Matters

Time: 11:00 a.m. – 12:30 p.m. CST

SCORE: Simple Steps For Starting Your Business — Session 4 ~ Financial Matters

Description: Starting a business can feel overwhelming, but with the right guidance, you can navigate the process with confidence. Simple Steps for Starting Your Business, in partnership with SCORE mentoring, provides aspiring entrepreneurs with practical tools, expert insights, and a step-by-step roadmap to launch a successful venture. This series of workshops is designed to help you avoid costly mistakes, streamline your startup journey, and build a strong foundation for long-term success. Whether you’re in the idea stage or ready to take action, you’ll gain essential knowledge on business planning, financial management, marketing strategies, and operational best practices. This workshop uses exercises to help you better understand financial concepts. This session reviews sales and prices, financial risks and rewards, true start-up costs, ongoing operating expenses, setting benchmarks for tracking progress and the organization of all your financial information. Using a hands-on approach, you learn how to use our financial model to forecast sales revenue and build solid pro-forma financial forecasts. This workshop will help you:

✅ Match your business concept with personal income goals.

✅ Gain a better understanding of financial risks and rewards of entrepreneurship.

✅ Figure out how much money you will need to start and run your business.

✅ Identify development and startup costs, ongoing operations expenses and funds needed to finance the business.

✅ Create a plan to help guide future business decisions and monitor results.

✅ To communicate with stakeholders (investors, lenders, employees, etc.) about the business’ finances.

✅ Forecast sales

✅ Understand financial statements

✅ Establish your recordkeeping platform & processes

Whether you’re launching a side hustle, small business, or full-scale company, this workshop will equip you with practical strategies and expert guidance to turn your vision into reality. This course will be offered over 5 consecutive weeks, with a different business topic covered each week.

Session 1: Start-up Basics

Session 2: Business Concept

Session 3: Marketing Plan

Session 4: Financial Matters

Session 5: Funding Options

What You Will Receive With Your Webinar Registration: Access to the Live Webinar – Join our featured experts to learn the latest business strategies, tips and tools to help you start, run and grow your business. Exclusive Recording Access – Webinars are recorded and made available only to those who registered for the live event, allowing you to revisit content and learn at your own pace. Resources & Materials – By registering for the live event, you’ll also receive access to the webinar slides and additional tools at the conclusion of the event.

Cost: Free

Location: Online

Questions contact: SCORE Twin Cities, twincities@scorevolunteer.org 630-842-3589

Registration Link: https://www.sba.gov/event/80149