POSTED: Monday, October 1, 2012 - 7:30pm
UPDATED: Monday, October 1, 2012 - 7:44pm
Kilgore, TX — Beginning this fall, the Kilgore College Small Business Development Center and Marshall Chamber of Commerce will offer a series of small business workshops in Marshall for entrepreneurs.
The idea of the three workshops is to give small business owners, supervisors and employees a chance to network and take valuable information back to their businesses.
They will be held at the Marshall Chamber of Commerce, located in the Visual Arts Center, 208 E. Burleson.
The workshops are free, but registration is required.
To register by phone, call the KCSBDC at 903-757-5857 or 1-800-338-7232
To register online, visit www.KilgoreSBDC.com .
Coffee Connections: Tips & Tricks to Improve Your Credit Score:
The workshop is set for 9:30 to 11:30 a.m. Tuesday, Oct. 9.
The class will be instructed by Virgil Conner, Business Advisor for the KCSBDC and a team member from BancorpSouth. The workshop will cover how to establish and maintain a good credit score/report. Workshop topics will include how to obtain/interpret your credit report; how to legally correct your credit score without paying; tips to avoid identity theft, credit fraud and other popular scams; how inquiries affect your score; how long bankruptcies and collections stay on your report; how a score is calculated; and the effects of debt to income.
Coffee Connections: How to Read Financial Statements:
This workshop is set for 9:30 to 11:30 a.m. Tuesday, Oct. 23.
This class will also be instructed by Conner, along with Mac Abney, CPA with Abney, Simmons and Co. in Marshall. The workshop will cover inflation, fluctuating interest rates and the current economic conditions have made it mandatory for the small business owner to closely manage their cash flow. Most small businesses use a cash basis rather than an accrual basis of accounting because it is easier and takes less time to maintain. Generally this is what gets the business into trouble. In this seminar you will learn how to: Maintain adequate cash flow, project cash flow needs; calculate current ratios; total debt ratio; profit margins; liquidity; quick ratios; asset management ratios; accounts receivable turnover and debt management ratio. This information will allow the small business owner to see and understand how his business stands financially and what a lender likes to see in regards to the business rations.
Restaurateurs – The Experience is Twice as Important as the Food:
This workshop is set for 8:30 to 11:30 a.m. Oct. 31.
The final workshop of our series will be a special class geared towards those in, or interested in, the restaurant industry, Instructors will be Brad Bunt, Director of the KCSBDC and Marc Willson, restaurant and retail industry guru. Topics will include opening checklist; restaurant statistics; what customers want; what’s hot in 2012-2013; market Analysis; merchandising and store layout; financials and restaurant math; marketing and promotions; and social media for restaurateurs.