Profit/Loss & Projections

Welcome to the Inclusivity Project course Profit/Loss & Projections!

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Description

This 1.5-hour workshop aims to enhance participants' comprehension of financial management, specifically focusing on Profit and Loss (P&L) statements and financial projections.

The session will outline the significance of P&L statements and projections in business management, delving into their essential objectives and roles. Through a detailed presentation and a guided analysis of a sample statement, attendees will dissect the components of P&L statements and gain insight into their impact on a company's financial well-being.

Additionally, the workshop will delve into the importance of financial projections in strategic planning and explore the available tools for creating accurate forecasts. Participants will acquire strategies for developing these projections using historical data and market analysis while discussing common pitfalls in forecasting.

The session will wrap up with a review and an open discussion, allowing participants to contemplate applying their new knowledge, followed by closing remarks summarizing the critical learning points and information on additional available resources.
If you are interested in NorCal SBDC advising services, please sign up for our services: https://www.theinclusivityproject.com/join-us/

If you are already working with a business advisor there is no need to sign up again and we hope you are enjoying their services. If you are already an SBDC client who is interested in meeting with the instructor please email us at training@norcalsbdc.org.
MEET THE INSTRUCTOR

Dr. Joaquin Wallace

Dr. Joaquin Wallace is a dynamic and engaging speaker. As an educator, community advocate, visionary, and author, he draws from his personal experience to deliver influential and invoking keynote presentations related to leadership and coaching, personal motivation, non-profit program development and implementation, as well as financial wealth building and education.

Dr. Wallace’s life course inspired him to establish Project Transition, Inc. This welfare-to-work program empowers the "working poor" and provides access, opportunity, and real-life experience to be competitive within the "white-collar" workforce. Project Transition has benefited more than 1,000 program participants in Alameda County.

Dr. Wallace has been featured in Contemporary Black Biography: Profiles from the International Black Community and is among the most influential African Americans in the 21st century. Moreover, Dr. Wallace’s accolades include being the recipient of the Oakland Chamber of Commerce Community Based Non-Profit of the Year award and the Wells Fargo Living Makers in History award, as well as receiving recommendations from both the Ford and the Annie B. Casey Foundation fellowships.
Visit www.norcalsbdc.org
To sign up for one-on-one advising and no cost training with the NorCal SBDC.

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