Financial Basics Every Business Owner Should Know BIS Grand Lake Campus

Understanding your finances is one of the most important skills for running a successful business. You don't need to be an accountant to make smart financial decisions, but you do need to understand what the numbers are telling you. This practical, beginner-friendly workshop will help you build confidence in managing your business finances and making informed decisions that support long-term growth.

You'll learn how to interpret key financial reports, manage cash flow, price your products or services for profitability, and create a realistic budget. Through real-world examples and practical strategies, you'll gain the tools needed to improve your financial decision-making and strengthen the financial health of your business.

• The difference between cash flow and profit
• How to read an income statement and balance sheet
• Understanding your break-even point
• Pricing products and services for profitability
• Creating and managing a business budget
• Monitoring expenses and improving cash flow
• Financial metrics every business owner should track
• Common financial mistakes and how to avoid them

Who Should Attend: Small business owners, entrepreneurs, startups, nonprofit leaders, and anyone who wants to better understand the financial side of running a business.