Learning Initiative for Entrepreneurs (LIFE) Presents:
Session 2: Income Statement and Cash Flow
A new business owner should always remember that the first sales revenue will happen after the first expenses to launch the business have been made. This is why it is necessary to quantify start-up costs as precisely as possible and to identify possible sources of the capital needed. Moreover, a new business requires additional capital as soon as it starts to operate, for wages, raw materials, inventoy, and organizing sales for a given period of time.
The Break-Even Point (BEP) is defined as the point where revenue is equal to costs so that the business is neither making a profit nor sustaining a loss; the point of equilibrium. In economics, the BEP is calculated through a Break-Even Analysis which tells us the number of units of a product that need to be sold for costs to equal revenue.
Cost $10 Pre-registration required.
HP Learning Initiative for Entrepreneurs (LIFE) Technology Curriculum, offering classes on all aspects of operating a business, is directed at people starting up, running, or working in micro-enterprises. Despite representing the largest source of new job creation, HP has recognized that small companies often struggle with efficiency and fail to grow beyond their original size. The LIFE Curriculum aims to help them overcome some of these challenges. It combines business and technology and has two key components:
The Experiential Learning Cycle – learning through hands-on experiences; and
Business –Technology-Business framework –a way of integrating all the technological content into a business context, so that students always make the connection to business of the skills they are learning.
If any class date is fully booked, it will not appear on the registration calendar.Please check www.webinc.org for additional dates and programs. Thank you.
When & Where
Women Entrepreneurs of Baltimore (WEB)
Women Entrepreneurs of Baltimore is a 501(c)3 organization created in 1989 to build individuals, families and communities through economic empowerment. Through its range of training and business development programs, WEB has helped thousands of graduates over the years to start up and sustain successful businesses. A significant part of WEB’s core mission is to work with low-income women and minorities to improve their families’ financial positions through entrepreneurship.