Presented in person by Dennis Corley of Three Roots Capital
Presentation brought to you by the Crossville Cumberland County Chamber of Commerce, RSCC, and the Cumberland Business Incubator. This will be held in the Community Room at Roane State Community College located at 2567 Cook Rd Crossville, TN 38571
April 6, 2022
@
8:00 am
–
9:30 am CDT
Introduction to Accounting for Small Business Owners:
Learn the basic terms used in accounting; how to communicate with your accountant or bookkeeper; about the basic financial statements in considering a loan; and how lenders use these financial statements in considering a loan.
Introduction to Commercial Borrowing:
How is business borrowing different than personal borrowing?
What do lenders look at when considering a loan? (The Five C’s of Credit)
A follow up event in the CBI Conference Room to ask Dennis Corley more questions in person about his presentation on Introduction to Accounting and Commercial Borrowing from February 15th. *Individual time spent and time frame within 12-3pm will depend on number of registrants.
Online presentation by Dennis Corley of Three Roots Capital – Zoom link will be sent upon registration
Learn the basic terms used in accounting
Learn how to communicate with your accountant or bookkeeper
Learn about the basic financial statements and how they are used
Learn how lenders use these financial statements in considering a loan
How is business borrowing different that personal borrowing?
What do lenders look at when considering a loan? (The five “C”s of credit)
What’s the deal with Personal Guarantees?
If you have more questions after this presentation, you can sign up for a follow up appointment in person at the CBI on February 22 between 12-3pm cst.
How many times have you heard someone say, “I’m just not a numbers person”? Have you ever been that person? It’s a common expression and an easy escape hatch to fall through when you’re staring at spreadsheets full of numbers and formulas. But it’s a phrase, and an attitude, that’s ultimately unproductive and stopping you from taking your business to the next level. Continue reading →
As the April 15 personal tax deadline looms, you’re likely overwhelmed with short-term concerns about your business budget and your personal finances. You should also be considering two crucial longer-term questions: What are you saving for retirement, and where are you saving it? Continue reading →
The season where we all start to look at our numbers will quickly be upon us. The end of the year. The context that those numbers are in matters, so take a deeper look this year until you understand what your numbers are really telling you.
Let’s say you brought in $200,000 of revenue this month. Is that good or bad? It depends. If you brought in $100,000 last month, it’s good. If your expenses were $400,000 this month, it’s bad. Everything in context. Continue reading →
For anyone starting a small business, especially those who are self-employed, the Internal Revenue Service offers some basic information on filing, reporting and paying taxes.
Generally, one is self-employed if they:
Carry on a trade or business as a sole proprietor or independent contractor, or are otherwise in business as an individual, including a part-time business
Many small business owners start out thinking they will do everything they possibly can in their business to keep costs low, including doing their own accounting. Some have learned the hard way that small errors can add up to a big mess. Continue reading →
When you think about the big picture of your business (thinking strategically rather than tactically) are you focusing on growth (most business owners do) when you should be focusing on increasing value instead?
We spend a lot of time talking about Business Growth – and for good reason. Growth is the most obvious, visible sign that your business is doing well. Given a choice, almost everyone would choose to grow versus choosing to get smaller. Business owners and clients bring up the topic of growth a lot – usually in the context of money. I need to make more money so I need to grow (i.e. grow revenue). Unfortunately more revenue doesn’t always mean more money to the business owner. Continue reading →
I find business owners have a hard time keeping the gross profit margins on their product or service in mind when establishing pricing. To be able to maintain your gross profit margin, you need to know what your costs are. Continue reading →
