November 3, 2020
9:00 am - 10:00 am
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 1 Description:
What do all those numbers mean on the income statement and balance sheet? Have you been paying an accountant to create monthly financial statements? Are you nodding your head in agreement as the accountant shares the financial statement without really understanding the information?
There is a big difference in accounting and retail accounting. And with the pandemic continuing to affect our businesses, a retailer has all the more need for understanding the differences. We will discuss the differences and help you quickly get to the point where you can make decisions using the financial statements. You are going to make more money.
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.