BENTON -- In the business world, the statement "cash is king" is very true. Small business owners want more of it and bankers want to see it on the financials of their clients. That is why it is so important for business owners to know how to manage their business in a financial sense.
A three-part series, sponsored by the local University of Missouri Extension Small Business Development Center of Southeast Missouri, is a nuts and bolts approach designed to help business owners and managers and the financial management community understand how a business gets money. It also goes into the sources and uses of cash and how to project accurately the future cash flow of a business.
The classes will be held at the Riverside Regional Library in Benton, located at 44 North Winchester. Classes will start at 6 p.m. with refreshments provided. The dates and topics for the classes are: Nov. 29, "Understanding Financial Statements;" Dec. 19, "How to Control Cash Flow;" and Jan. 16, "Predicting Future Cash Needs."
Richard Proffer, regional business specialist for the University of Missouri Extension, said, "this class is not an accounting class but rather a class where we are sharing practical business information in everyday language."
Proffer stressed if you are like many business owners, and either struggle with accounting or do not like it, you will still feel comfortable with this class. The instructor places emphasis on practical application not theory.
The instructor for the class is Wilfred Bucher, partner of Bucher & Eftink Accounting Firm in Sikeston.
Attendees will receive several handouts designed to help them understand and manage their own business financially.
Registration is limited to thirty participants. To register, please call 573-243-3581.
SBDC/Extension business programs are sponsored by the Small Business Administration and University of Missouri and are open to all interested residents. Considerations for special accommodations are taken, if requested, one week in advance by calling 573-243-3581 and asking for Richard Proffer.