Learn how much money your business must have to (a) launch itself, (b) sustain itself and (c) grow. Define the difference between costs and income. Identify how much capital you really need. Better understand ‘cashflow’ and how it impacts your operations. A business must be able to project what it needs for income, to operate and break even, and then what it needs for cashflow to become profitable.
Speaker: Paul Simms, Senior Vice President, First Ipswich Bank
The Business Plan Program and Competition workshops are a series of monthly opportunities for business owners to learn key components of writing successful business plans. This series is developed for people who are thinking of planning to participate in the competition in December 2018 but it is open to all who are interested. These are stand-alone workshops and do not need to be taken in order.