MASTER CLASS SERIES
SESSION 3 – FINANCIAL MANAGEMENT
Consider the fact that trees are distinct as they grow in two directions at the same time. “Healthy roots bear healthy fruits” . . . If the roots are well developed the leaves will be abundant. This holds true for your business as well. The roots are the quality of the business skills that anchor the leaves or your ideas. Your ability to manifest your ideas depends on the strengths of these business skills. With each season we expect leaves to come and go and so it is with ideas. As the seasons’ change in your business, you can be certain your ideas will do so as well. Financial management is the root of your tree. Prepare yourself for this session by beginning to develop your budgets, enrollment spreadsheets and marketing strategies in alignment with your Mission, Vision and Values. “Time” is the water for your roots! Your now halfway though Master Class. This is your time and space to water your roots. Enjoy the journey.
Warm Regards,
Founder and President of the BLI
What You`ll Learn On This Session
- Explain the emotional connection to money for women.
- Identify the components of a start-up and operating budget.
- Recognize the elements of key financial statements (income statement, balance sheet & cash flow statement)
- Determine how to use financial information to make business decisions.
- Identify the components of cash flow projections based on the child care industry.
- Define what working capital is and the different types of working capital
(grants, bank loans, microloans, lines of credit, etc.) - Explain the importance of working with a CPA, accountant and financial advisor.