The LA SBDC Network offers no-cost/low-cost business workshops throughout Los Angeles, Santa Barbara, and Ventura Counties.
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Developing COVID-19 Financial Disaster Relief Plan for your Business
March 25 @ 10:00 am - 11:00 amFree
Many businesses will be affected by the economic conditions caused by the Coronavirus. Small companies are especially at risk since they have access to limited resources. As with any crisis situation, the more informed the better you can respond appropriately.
Managing cash flow will be one of the biggest challenges for smaller companies. Companies will need to assess cash flow needs today and into the future. Having correct financial information, is imperative to sound decision making. Making proactive key business decisions can help a company survive difficult economic times.
Financial modeling can provide a quick assessment of the company’s cash flow and financial health based on different scenarios. Business owners can look at best and worst case situations and determine the potential outcomes. In doing this they can proactively make decisions to mitigate that risk. Knowing how much capital you may need allows you to actively seek available resources ahead of time.
This webinar will teach you how to assess your company’s risk today and long-term. During the webinar you will learn how to create an effective financial tool using excel and a few simple formulas. This tool can be used to monitor cash flow today and predict long-term financial health based on possible scenarios.
Presented by: Lori Williams