COVID19 Small Business Recovery Virtual Course: Creating Workable Budgets - Module 2 of 8

This 8-module interactive course is designed to help small business owners understand the importance of business financial strategy planning relating to ongoing financial risk management and impact of COVID-19.  

During module 2, participants will learn how to create a workable 12-budget.  We will also give guidance to business owners to help them identify critical employee groups, implement sick policies for any future sick employees, identify employees with critical skills.  We will demonstrate how to plan to make adjustments to necessary standard operating procedures. We will explain the difference between employee vs contractor relationship and how payroll impacts the business.

Participants are encouraged to complete the entire series for full benefits of the course.  Participants can also sign up for no cost one-on-one business advisement with the instructor for an individual assessment and assistance with developing their individual financial strategy plan.  The course is led by Trevor Small of Simplified Management Products, LLC.

This is part of  Alabama SBDC at ASU Small Business COVID-19 Recovery and Survival Virtual Program consisting of 3 courses (Tax Planning and Financial Management; Cyber Security Awareness; and Recovery and Disaster Planning) designed to provide essential training and advising to small businesses that have been adversely impacted as a result of the COVID-19 pandemic. Registration for each course and training modules will require individual signups.

The remaining sessions will be held every 2^nd Thursday from 11am – 1pm.  Please sign up in advance for upcoming sessions below:

DATE                       COURSE MODULES

9/10/2020                  COVID19 Small Business Recovery Virtual Course: Creating Workable Budgets - Module 2 of 8

10/8/2020                  COVID19 Small Business Recovery Virtual Course: Accounting Systems - Module 3 of 8

11/12/2020                COVID19 Small Business Recovery Virtual Course: Budget Reviews and Revenue Streams - Module 4 of 8

12/10/2020                COVID19 Small Business Recovery Virtual Course: Fiscal Year-End Closing Checklist - Module 5 of 8

1/14/2021                  COVID19 Small Business Recovery Virtual Course: Fiscal Year-End Closing Compliance - Module 6 of 8

2/11/2021                  COVID19 Small Business Recovery Virtual Course: Forecasting and Budgeting - Module 7 of 8

3/11/2021                  COVID19 Small Business Recovery Virtual Course: 12-Month Projected Budget Review - Module 8 of 8