Opening Your Business: A Three-Part Series is designed to guide aspiring and early-stage entrepreneurs through the essential steps of launching a business. From understanding legal requirements and business planning, to accessing local resources and building a solid financial foundation, each session is packed with expert insights and practical tools to help you start strong and grow with confidence. Attendance at all three sessions is encouraged for the most complete experience, but each session also stands alone and can be attended individually. Whether you’re just exploring an idea or ready to take action, this series will equip you with the knowledge and support you need to move forward.
Part III: Opening Your Business – Financial Basics for First-Time Owners
Funding Your Future: Smart Financial Moves for Startups
🗓 Date: Wednesday, May 28, 2025
🕛 Time: 12:00 PM – 1:30 PM
💻 Format: Online
🔗 Register: Click here to sign up
Description:
Numbers don’t have to be scary — and they shouldn’t be a mystery. In this final session of our Opening Your Business series, you’ll gain a clear understanding of the financial basics every first-time business owner needs to know.
You’ll learn how to:
- Understand the connection between personal finances and early business success
- Manage personal debt and savings to reduce business risk
- Decode key financial terms like revenue, profit, margins, and cash flow
- Distinguish between one-time startup costs and ongoing expenses
- Create a realistic budget and revenue projections
- Avoid common pitfalls around cash flow management
You’ll also receive resources for next steps, and have time for Q&A with an expert.
Presented by the North Metro Denver SBDC’s Financial Management & Lending Team and Lead Advisor, Karen Patel, this session delivers straightforward guidance and practical tips to help you start strong — and stay strong — financially.
