How to Create a Profitable Business

Event Details

In this training program, you will learn how to reduce your business costs and increase your profit. You will be provided free digital tools, such as profit loss statements and employee timesheets, to create efficient and accurate workflows, and to prepare you for successful credit and loan applications!

Class Topics:
1. Cost of Labor: determine the cost of labor necessary to establish and grow a profitable business.
2. Inventory: learn how to manage inventory to reduce cost and increase profit.
3. Operational expenses: how much is it actually costing you to run your business?
4. Profit statement: analyze your business to learn if you are making a profit or not.