The time has come for me to teach another 3-part course at the Small Business Development Center (SBDC) in Orem, UT.  In order of each course, we focus on improving profit, strengthening financial health, and maximizing cash flow.
 
Here are the details and schedule:
 
Entrepreneur's Financial Statement and Analysis Course - Parts 1 through 3
Geneva Building (1410 West 1200 South, Orem, UT 84058) Room GB 203
Part 1 - Thursday, April 23, 2009- 5:00-7:00 pm- Improving Profit through the Income Statement (Profit and Loss Statement)
Part 2 - Thursday, April 30, 2009- 5:00-7:00 pm - Strengthening Financial Health through the Balance Sheet
Part 3 - Thursday, May 7, 2009- 5:00-7:00 pm- Maximizing Cash Flow through the Statement of Cash Flows and Obtaining Clarity through Financial Modeling
 

These are the classes you have been asking for - what the numbers mean on the three financial statements and how to interpret those numbers to make sound financial decisions every Small Business Owner and entrepreneur needs to know how to read financial statements.  And the classes are FREE.  If you are in business bring your company's yearly financial statements (profit and loss, balance sheet, and statement of cash flows) for 2007 and 2008 to each class.  Between the first and second class, our CFO Partners will use a software program to calculate each company's key financial ratios and measurements as well as compare these numbers to the benchmarks in their respective industry.  As always our Part-Time CFO's will keep everything completely confidential.  The following is a brief description of each class:

• Part 1- Income Statement- April 23- Drive Your Company's Profitability
  1. Revenue Recognition and Modeling
  2. Cost of Goods Sold
  3. Manufacturing and Selling, General & Administrative Overhead
  4. Gross Margin and Net Margin
  5. Break-Out Variable and Fixed Costs
  6. Calculate Break-Even
  7. How to use this information to Improve Profits

• Part 2- Balance Sheets- April 30- Improve Your Company's Financial Health
  1. Assets = Liabilities + Equity
  2. Current Assets
  3. Fixed Assets and Depreciation
  4. Other Assets
  5. Current Liabilities
  6. Long-Term Liabilities
  7. Equity/Net Worth
  8. Need to Reconcile Each Account Each Month for Accuracy
  9. Financial Ratios to Assess Business Health and Why Business Health is Important
  10. How to Use the Numbers to Improve Financial Health

• Part 3- Statement of Cash Flows- May 7- Improve Your Company's Cash Flow
  1. Cash from Operations
  2. Cash from Investing
  3. Discuss Cash from Financing
  4. Common Cash Traps
  5. 3-month Cash Flow Projections
  6. How to Use This Information to Improve Cash Flow
  7. Sources and Types of Financing
  8. Basic Principles and Formulas of Firm Valuation

You can attend one, two, or all three of these sessions.  Even though the classes are FREE, we ask that you register so we will have enough handouts.  Registration is required for this class- contact our office at 801-863-8230 or sbdcinfo@uvu.edu.
 
This class will be taught by Ken Kaufman, founder and CEO of CFOwise.  For more than a decade Ken has built a reputation as a leader who is respected for his integrity, work ethic, and commitment to lifting people and companies to new levels of achievement. Ken has served in several leadership roles, including CFO Partner, COO, VP of Administration, and VP of Sales, in start-ups, mid-stage companies, and large multi-national corporations. His experiences cover a variety of industries, including construction, real estate, financial services, business services, medical/dental, distribution, and outsourcing.  In two of his executive roles, Ken helped a start-up grow to over $100 million in annual sales in just four years and he helped a medium-sized company almost triple its operations in just three years. Ken has served as a court-appointed receiver and has negotiated "workout" proceedings for several insolvent entities. He was recognized as the top producing manager in a Fortune 500 firm. He has developed and presented numerous business plans and financial forecasts that have successfully obtained the debt and/or equity financing required for growth.