Course Description:

As the founder of your business, it is critical that you have an understanding of you company and personal financial statements. This three session basic financial literacy training course will teach you the foundational components of the key financial statements. The end goal is for you to walk away with (Permanent) knowledge and instill best practices for using the knowledge to make critical business decisions.

Session1: Profit Potential Understanding Your P&L

Basic overview of the three key financial statements, US A financial reporting standards, tracking tools and programs and a deep dive review of the Income Statement.

Agenda

• Speaker Intro-Background, Course Agenda, and Goals
• Poll #1
• Financial Statements: USA Standards, Business Use, Reporting Tools, Resources
• Income Statement Sections (Income, COGS, Expenses, Profit/loss, Margins)
• Q&A
• Recap Day 1 - Set Agenda and Expectation for Day 2
• Close Out

Presenter

Anita Davis , President, Praxis Strategic Solutions

Praxis Strategic Solutions is a consulting firm that focuses on helping small businesses implement financially sound best practices, strengthen resiliency, and obtain access to capital through a curated network of funding partnerships. Serving as funding advocates and guides, the Praxis team helps clients prepare for and navigate the lending process. Our goal at Praxis begins with the end in mind, “We help clients get to the loan closing table and ignite their business growth strategies.”

Anita Davis is the President of Praxis Strategic Solutions, founded in 2016 after a 20-year banking career. As a Business Banker and Commercial lender, she served as the liaison between the client and loan approving credit officer. Throughout her banking and consulting career Ms. Davis has helped clients obtain millions of dollars in capital for business expansion and stability.

Most of the firm’s clients acquire capital via the SBA 7a and SBA 504 loan programs. Anita’s network includes SBA preferred bank and non-bank authorized lenders. She maintains access to training sessions from Lender Relations Specialists in several SBA District Office.

As a lending advisor, Ms. Davis identified the biggest hindrance to companies accessing capital is the weak financial performance detected in business financial statements. Praxis expanded its capabilities to address this issue and now develops and delivers financial literacy training courses to fill the knowledge gap. The end goal for the financial literacy education courses is to help small business owners create best practices and use their financial statements as a tool to build capacity and sustainability.