Cole County

Predicting Future Cash Needs

Course Description:  This is the last of a three course series specifically designed to help the small business owner get a handle on the financial side of the operation.  In this three-hour session, we'll show you how to use a cash budget to prepare for the future.  Participants will learn to estimate future sources and uses of cash.  They will also learn how to analyze those predictions to make more informed decisions.  Participants will leave this session feeling more comfortable about decisions related to preparing for growth, realistic loan and financing requests, how much cash they can safely take out of the business, and making affordable purchases for the business.

It is strongly encouraged that this course not be taken independently of the others.  The course builds on the course work of the previous course’s case studies and an understanding of that work is needed to successfully achieve the course learning objectives.

Learning Objectives:
-  Forecast sales, receivables, and expenses of the business to create a clear picture of where the business is headed.
-  Use a cash budget as a tool to create a month-by-month view of the future.
-  Calculate break-even to analyze if the business can handle change, whether it is expansion of the business, additions to the workforce, or capital expenditures. 

 Time:  Three hours

Course Material: A calculator for those who did not attend the first seminar and all student handouts

 Topics Covered:
- Welcome and Introductions
- Forecasting Sales, Receivables, and Expenses
- Creating a Cash Budget
- Making Informed Decisions – Considerations and Breakeven Analysis
- Steps to Take Home

Instructional Format:  Lecture and discussion along with practical exercises

2009 dates at the UM Extension Center in Cole County:

April 23 from 1 - 4 pm and again from 6 - 9 pm

October 22 from 1 - 4 pm and again from 6 - 9 pm

Cost:  $60 per individual program.   Enroll in all four programs (Understanding Financial Statements, How To Control Cash Flow, Predicting Future Cash Needs and Pricing for Success) for $200.  Pre-registration is required.

 Register by calling the Cole County Extension Center or email thompsoncv@missouri.edu

Also offered at State Fair Community College, Sedalia April 1, 2008.  To register call the Lifelong Learning Office, State Fair Community College at 660-530-5800 ext. 286 or email mchapman@sfccmo.edu  Pre-registration is required for the State Fair Community College offering.

Additional Information http://www.missouribusiness.net/training/predict_cash_needs.asp

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		University of Missouri Extension, Cole County coleco@missouri.edu Updated 11/07/07