TRAVERSE CITY, MI – Business owners can learn how to improve their fiscal fitness at a financial tools workshop November 2 in Traverse City. "Know Your Numbers: Using Your Financial Statements to Better Manage Your Business," is designed for small business owners and key staff who want to have a better understanding of how to use their financial statements to manage their business. The workshop will be held from 9:30 a.m. to 12:30 p.m. in the large conference room at Northwest Michigan Works, 1209 South Garfield Avenue.
The Know Your Numbers workshop is being offered by the Northwest Michigan Small Business Development Center (SBDC). The workshop will be facilitated by SBDC Growth Consultant, Carolyn Rourke, who is experienced at walking business owners through the ins and outs of the critical concepts related to financial statements.
The “numbers” are often the most confused and over-looked area when business owners are not sure how to relate them to day-to-day business operations. Rourke will help attendees identify opportunities and challenges as they relate to balance sheets and income statements, discuss proven ways to increase cash flow, apply breakeven analysis, and more.
The Michigan Small Business Development Center (MI-SBDC) provides expert business assistance to help Michigan businesses raise capital, develop business plans and export strategies, and commercialize technologies. The Northwest Michigan Regional office is hosted by Networks Northwest and serves the ten county region including: Antrim, Benzie, Charlevoix, Emmet, Grand Traverse, Kalkaska, Leelanau, Manistee, Missaukee, and Wexford counties. The Northwest Michigan SBDC’s contributing partners are Baker College, North Central Michigan College, and Venture North. For more information, go to: sbdcnorthwest.org. The Michigan SBDC State Headquarters is located at Grand Valley State University, Seidman College of Business in Grand Rapids. Michigan small business owners may access the Michigan SBDC services by contacting 616-331-7480 or SDBCMichigan.org.