November 10, 2020
9:00 am - 10:00 am
Overall Event Series Description:
The holiday season is fast approaching and that means this is perfect time to sit down with retail master, Tom Shay and learn how to make the most out of your finances, your inventory, and your business budget. In this unique virtual course, you will have the opportunity to work with Tom Shay in a personal setting with a limited amount of students and work through any issues or problems the COVID-19 pandemic has posed to your business. This course will be discussion based allowing for plenty of personalized assistance.
Session 2 Description
How to create a budget and cashflow plan: Do you have a budget for your household? Why not have one for your business? Together we will create one that will guide your business toward the goals you set even during the COVID-19 pandemic. This topic will help accurately predict future cash needs.
After the budget, we are going to work together to create a cashflow plan. This unique and very necessary tool will show you how much inventory and how much cash on hand your business will have for each of the next twelve months. This is one amazing tool for you and your business.
Presenter: Tom Shay is a fourth-generation small business owner. His experience is that as an independent retailer, wholesaler, and manufacturer. Recognized for the unique approach to human resources utilized in a family business, Shay was asked if he could share the techniques in a book to be published by a national trade association. Shay’s areas of expertise are financial understanding, business strategy, marketing skills, staff education and sales. He has created over 50 topics in business management including one on business management after the Covid19 virus which was recently delivered to the Houston SBDC.