24 Locations
2013 Results 2,711 clients served 27,126 hours of advising (approx. 10 hours/client) $37.1MM in capital infusion 924 jobs created or saved 97 new businesses started $13.6MM estimated sales impact
YOUR OPPORTUNITIES FOR SUCCESS JUST GOT BETTER If you are thinking of starting or growing a business….. DON’T But if you are planning to start or grow a business ….. YOUR OPPORTUNITIES FOR SUCCESS JUST GOT BETTER
Hands on Financial Planning and Dashboard Management GROWING YOUR BUSINESS Hands on Financial Planning and Dashboard Management
DASHBOARD MANAGEMENT Using Financial Statements to Manage the Business Identify Financial Ratios
Business Financial Statements Balance Sheet Profit & Loss Statement A/R and A/P Aging Reports Cash Flow Summary Inventory Summary
Financial Management Ratios Liquidity Ratios * Current Ratios * Current Liabilities to Net Worth * Current Liabilities to Inventory * Total Debt to Net Worth * Fixed Assets to Net Worth Asset Efficiency Ratios * Collection Period * Inventory Turnover * Accounts Payable Payment Period * Sales to Working Capital
Financial Management Ratios Profitability Ratios * Return on Assets * Return on Investment * Sales per Employee * Profit per Employee
Statement Summary Worksheets Balance Sheet Summary Profit & Loss Summary Revenue and Expense Summary
Alan Stanford, Certified Business Advisor Washington Small Business Development Center alan.stanford@wsu.edu www.wsbdc.org