Event Details:
Monday, April 17, 2023
9 a.m.-4 p.m.
$950 per family
University of St. Thomas
Minneapolis Campus
Family Business Financial Basics
Family businesses all get financial statements, but do all family members "get" financial statements? If you or someone in your family business doesn't understand the financials of your company or how to read the spreadsheets your accountant sends you, the one-day Ownership Academy Financial Basics course can help.
Interested in this class for your family? Email center director Jon Keimig at jon.keimig@stthomas.edu.
Seminar Benefits
Seminar Topics
Family members will learn where the numbers on the spreadsheet come from, what they mean and how to use them to better position your company for growth. For those with an understanding of the financials, this is a great refresher course. Bring family members who don't understand, and together you'll be able to more critically ask the tough financial questions facing family businesses. Learners will be able to:
- read and understand financial statements including income statements, balance sheets and cash flow statements and learn the relationship between them;
- analyze financial statements;
- increase business decision making using revenue and cost projections, and break-even analysis; and
- understand the basics of valuation, including multiples, liquidation and discount rate.
Who this Course is For
This course is for owners and future owners of family businesses who want to understand basic financial concepts and statements and for those who want a refresher. After this course, you'll be able to ask intelligent questions when presented with a statement.
Seminar Topics
Family members will learn where the numbers on the spreadsheet come from, what they mean and how to use them to better position your company for growth. For those with an understanding of the financials, this is a great refresher course. Bring family members who don't understand, and together you'll be able to more critically ask the tough financial questions facing family businesses. Learners will be able to:
- read and understand financial statements including income statements, balance sheets and cash flow statements and learn the relationship between them;
- analyze financial statements;
- increase business decision making using revenue and cost projections, and break-even analysis; and
- understand the basics of valuation, including multiples, liquidation and discount rate.
Who this Course is For
This course is for owners and future owners of family businesses who want to understand basic financial concepts and statements and for those who want a refresher. After this course, you'll be able to ask intelligent questions when presented with a statement.
Curious if this course is right for your family? Call the center at (651) 962-4560 for more information.