|Farrah Rhea, Family, and Friend on a recent trip to Disney World|
Farrah works hard as our Director of Microlending
but knows it's important to take time for family, friends, and fun!
Speaking of balancing work and fun, just before my relaxing vacation this past week, I was fortunate to get to take a business course called Profit Mastery that is available to small business development clients through Wyoming Small Business Development Center facilitators. I took the course in Casper with SBDC business counselors training to facilitate this service to small business owners. The founder,Steve LeFever, knows that comprehending financial statements can be a dry subject. He's funny and communicates engagingly while walking us through what some might consider complex concepts and mathmatics. It was extraordinarily helpful for really comprehending how minimal action in one or more sectors of your business can significantly impact your net profit, capacity for sustainability, and the value of your business, helping to grow, sell, get financing, or even determine the weak areas and exact needs, rather than relying on “best guess,” at any given time.
Each section has an activity and quiz to which your own figures can be plugged in.
3)Price-Volume-Costs, and using Break-Even to begin manipulating those features of your business.
For more info, click here. We are always happy to share info to help gain financial independence for small business development!