Thursday, January 14, 2010
8:45 – 12 noon
Grace Conference Room
Having a positive cash flow from you business has never been more important.
A steady predictable cash plan dramatically reduces uncertainty and risk for any
business owner. A critical factor for the success, or failure, of an early stage
or existing company is the business owner’s understanding and management of the
sources and uses of cash. This is especially true if a business is planning to
expand and take advantage of the recovery. Hiring a great accountant to work
with small businesses is very important. Your accountant can help you develop a
plan for the future. The most critical of all financial forecasts in a business
plan are the cash flow projections and the cash flow statement. A cash flow
statement reflects cash actually flowing into and out of the business. As a
result, the bottom line of a cash flow statement is the reflection of your
company's net cash position, rather than its profit. It is important to
understand that early in a company's life cash position will be more critical
than profitability because it will reflect the company's viability. A cash flow
statement can represent the basis for an operating budget in which you, the
small business owner, can manage and evaluate the actual performance of your
business.
In this workshop you'll learn:
Ample time will be allowed for questions from the audience.
Speaker:
The instructor for this program is James Patterson, CPA, Partner, Gray, Gray, & Gray LLP, Framingham, MA. He has successfully guided many companies through the start up process. Mr. Patterson has also given several similar presentations to audiences at the Boston College SBDC.
Sponsored by: Middlesex Savings Bank and Commerce Bank