Webinar Business Finances 2: Planning for Profitability | UM | 6/26/2024

Webinar Business Finances 2: Planning for Profitability | UM | 6/26/2024

The goal of this course is to provide you the information and tools to create your own profitability plan

By NYC Department of Small Business Services

Date and time

Wednesday, June 26 · 10am - 12:30pm PDT

Location

Online

About this event

  • 2 hours 30 minutes

Note: This course is the second in a pair of SBS courses on Business Finances. Please complete “Business Finances 1: Getting Started” before attending this course.

Every entrepreneur is in business to make profits, but only some do. A critical step to success is creating the financial plan that will guide your business to profitability.

The goal of this course is to provide you the information and tools to create your own profitability plan. Whether you are planning to start or grow, this course can help.

During this course, you will:

  • Begin developing a startup/growth budget using business expense checklists
  • Apply research-based methods to project your prices and number of sales
  • Work with a projected income statement and graph to identify breakeven and profitability points
  • Use the Return on Investment (ROI) calculation to compare financial projections against industry averages.

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Organized by

NYC Department of Small Business Services

The NYC Department of Small Business Services helps unlock economic potential and create economic security for all New Yorkers by connecting New Yorkers to good jobs, creating stronger businesses, and building thriving neighborhoods across the five boroughs.

You can register for all of our free events and courses, including BE NYC and WE NYC events on Eventbrite. For questions about individual courses or to register over the phone, please contact our staff at one of our NYC Business Solutions Centers.

For more information on all of our services, call 888-SBS-4NYC (888-727-4692) or visit nyc.gov/sbs.