Online Zoom Meeting Link: https://zoom.us/j/96556934773
It is never too early to get a budget in place for your new business – and the sooner it is in place, the less likely you are to overspend or misspend funds that will be vital to your company’s growth down the road. In this workshop learn the skills needed to create and manage a simple budget, forecast future needs and how to accurately track finances for your business.
In this workshop we will cover:
- The difference between budgeting and forecasting
- When to use the 2 techniques and why they’re important
- Basic budgeting
- Examples of a six-month forecast
- When to get help, and hire a bookkeeper or accountant
About Startup Basics
We know that entrepreneurship can often seem daunting or be intimidating to those first starting out. The Kamloops Innovation Startup Basics Series helps minimize this fear by providing entrepreneurs and startup-curious with the tools they need to get started. Through the Startup Basics Series, Kamloops Innovation provides mentorship, resources, and tools to help entrepreneurs structure and curate their ideas while in the first stages of their startup. Entrepreneurs who participate in the Startup Basics Series often go on to graduate into our more extensive programs like the Market Validation Training and Venture Acceleration Program, and onto starting their own companies creating significant benefits for the community.
The Startup Basics Series is a relaxed classroom style program split into distinct topics that bring entrepreneurs and startup-curious through the basics of forming a business plan and documenting their ideas. Sessions are presented by Kamloops Innovation staff, EIR, mentors, partners, and alumni. Each session is designed to educate on the fundamentals needed to transform an idea into a startup; passion into a paycheck.