Why do bankers say “cash flow is king”? How is cash flow different from profit? This workshop and its simple but realistic class exercise will help you understand cash flow, assess when you will need capital, and position your business for bank financing.
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Sponsored by the Small Business Development Center
Paul Shaughnessy is the founder and owner of two small businesses, Lincoln Payroll Services Inc. and PS Shipping Inc. both located in Peabody MA, which he has owned and operated for five years. Prior to starting them, Paul spent eight years providing international management consulting services and 17 years starting and building new software and educational service businesses for international technology firms. He has held various senior level positions for both domestic and international firms.
Paul holds a B.S. in accounting from Bentley University and was inducted into the Bentley Honor Society. He then received his Master’s in Business Administration from the F. W. Olin Graduate School of Business at Babson College.
Paul is on the board of trustees at the River Valley Charter School in Newburyport and an active member of the Peabody Area Chamber of Commerce.
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