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Can I Make Money?
by Joe Anziano
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January 4, 2023
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Building A Financial Forecast

Can I Make Money? Building A Financial Forecast

Before using your hard-earned cash to start a new business, buy a business or improve your existing business it helps to know if putting your cash in the bank would reap better rewards. Learn how to model your business performance by creating a simple pro-forma income statement. 

After completing this workshop, you will have a better understanding of boxes #8 and #9 of the Business Model Canvas, "Cost Structure" and "Revenue Streams", as explained by SCORE mentors.

Why Create a Pro-Forma?

If you plan to start a new business:

  • How much money will you spend before opening the doors?
  • How long before you start making money?
  • Which products/services will make you successful?

If you plan to buy a business:

  • Historical results are in the financial statements.
  • Where are the strengths and weaknesses?
  • Going forward, how will you build on the strengths and eliminate weaknesses?

If you want to improve your existing business:

  • Change your business model to make more profit.
  • Perform scenario planning in times of uncertainty.

View and download the presentation PDF here.

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About the author
Joe Anziano
Joe had been a manager and engineer with Digital Equipment, Quantum and Waters Corporation. With no experience in the printing business, Joe worked under a national franchise organization for two years and spent the last eight years as an entrepreneur with Advantage Print & Design.
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Steve Rogers
Steve spent 25 years in the Telecom Industry before becoming a business consultant. He is now semi-retired; working part time for two of his past consulting clients. During his 25 years in telecom he worked in Canada, Europe, Asia, and the US rising to GM of a $1B business.
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3 person meeting
Financial Series - Sources of Funding
Are you seeking a business loan or looking to improve your cash flow position? In this webinar, we present you with all the options available to secure more cash for your business including: Bank Loan, SBA Loan, Personal Loan, Friends & Family, Equipment Financing, Crowdfunding, Angel Investors and Grants & Awards.
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Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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