Events

january, 2020

january, 2020

15jan11:00 am- 1:00 pmPOWER Is Knowledge SeriesFinancial Literacy for Entrepreneurs - Lunch and Learn with Lori Jackson11:00 am - 1:00 pm

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Event Details

Financial Literacy for Entrepreneurs –  How Much Money Does It Really Take to Start and Grow a Business |

Understand how much money it REALLY takes to start a business: Unbridled enthusiasm for a new company’s prospects shouldn’t overshadow the realities of startup costs. Most startup projections for revenue growth are too optimistic, expenses are underestimated and anticipated break-even time frames are too short. Take your projections and double the cost to get to break-even and triple the time frame. Preparing for a possible worst-case scenario offers good insurance against running out of money and time on the cusp of success.

Understand what startup expenses are crucial versus questionable: Plans for revenue growth and quick break-even can fool an entrepreneur into believing all startup costs can be quickly recouped, but such is rarely the case. Focusing on expenses directly related to generating revenue generation is one of the keys to financially managing a startup. Incurring large costs for new or fancy equipment, fixtures or facilities where used options at a fraction of the price will do can use up cash that could be used for marketing, promotion, inventory and other crucial business needs

Time

(Wednesday) 11:00 am - 1:00 pm

15jan11:00 am- 1:00 pmPOWER Is Knowledge SeriesFinancial Literacy for Entrepreneurs - Lunch and Learn with Lori Jackson11:00 am - 1:00 pm

more

Event Details

Financial Literacy for Entrepreneurs –  How Much Money Does It Really Take to Start and Grow a Business |

Understand how much money it REALLY takes to start a business: Unbridled enthusiasm for a new company’s prospects shouldn’t overshadow the realities of startup costs. Most startup projections for revenue growth are too optimistic, expenses are underestimated and anticipated break-even time frames are too short. Take your projections and double the cost to get to break-even and triple the time frame. Preparing for a possible worst-case scenario offers good insurance against running out of money and time on the cusp of success.

Understand what startup expenses are crucial versus questionable: Plans for revenue growth and quick break-even can fool an entrepreneur into believing all startup costs can be quickly recouped, but such is rarely the case. Focusing on expenses directly related to generating revenue generation is one of the keys to financially managing a startup. Incurring large costs for new or fancy equipment, fixtures or facilities where used options at a fraction of the price will do can use up cash that could be used for marketing, promotion, inventory and other crucial business needs

Time

(Wednesday) 11:00 am - 1:00 pm

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