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Financial Tools Workshop Helps Businesses Know Their Numbers


Business owners can learn how to improve their fiscal fitness at a financial tools workshop December 8 in Traverse City. "Know Your Numbers: Five Keys to Using Financial Statements," is designed for business owners and key staff who want to have a better understanding of how to use their financial statements. The workshop will be held from 8:00 a.m. to 11:30 a.m. at the Hagerty Center, 715 East Front Street.

The Know Your Numbers workshop is being offered by the Northwest Michigan Small Business Development Center (SBDC) in partnership with Fifth Third Bank. SBDC Small Business Consultant Walt Muellenhagen will lead attendees through the numbers, showing business owners how the financial statements can be used in making strategic decisions for growth and increasing profits.


Topics to be discussed include:

  • Using your balance sheet and income statement in managing your business
  • Finding the source of your cash flow problems
  • Using breakeven analysis to improve decision making
  • Budgeting for sales growth
  • Getting the banker on your side


The SBDC is a statewide business assistance program that provides one-on-one counseling, training, and research support for Michigan small businesses. The Northwest Michigan Regional office is hosted by Networks Northwest. For more information, go to:




"Know Your Numbers: Five Keys to Using Financial Statements" will cost $29 per participant, which includes full breakfast, seminar, and workbook. Pre-registration is required at: For more information call 231-922-3780. Fifth Third customers should call that number for tuition waiver information.


Networks Northwest always proves to be a valued resource for our local government planning efforts. No organization does a better job of convening partners, promoting collaboration, and reporting on the data than does Networks Northwest

Ty Wessell, Leelanau County Commissioner