Shawn McCadden Workshop: Small Business Finances and Profit Strategies for Non-Accountants

By completing this class you will be able to:  Determine the markup your business needs to use when pricing projects to ensure your ability to cover project and overhead expenses and maintain planned net profit.   Understand how to determine your company’s gross profit margin requirement and breakeven point and how to use both to track your company’s profitability.   Understand how sales volume and gross profit margins are interdependent and what you can do if one or both are falling short as you do business.  Know the difference between cash and accrual accounting and which one to use for your business.   Understand and use a variety of options for better managing cash flow.  Take advantage of several options and strategies for smart business growth and know how business growth can affect your bottom line.   Identify important considerations and available options for making growth happen  Make more money in less time and have more fun doing so! Join us for refreshments and an opportunity to network after the workshop. Workshop is free for members and non-members. To register call (401)438-7400 or email smccarthy@ribuilders.org   You must call to register if you need  MA CSL credits This presentation has been approved for a total of 2 hours of Massachusetts CSL Continuing Education credits as follows:      One credit in the Business Practices category      One credit in the Elective category