Unlock the true potential of your business! While having a fantastic product and top-notch marketing is essential, it’s equally crucial to understand your financial health. Without the knowledge of budgeting, recordkeeping, and accurate cash flows, your business could face uncertainty. This class will help you learn to craft a solid startup budget, forecast cash flows, and expertly analyze your break-even point.

In the workshop we’ll not only discuss the budgeting process but we’ll use IDRS’ Cash Flow projection tool to develop a budget that you can use to manage your business.  You will learn how to estimate sales and expenses and where you can go to get information that you can use in creating your budget.  And because creating a budget is an important planning tool for both business and the family, the principles in this workshop will be helpful for creating a family budget too.

The IDRS Acorn Project, in partnership with the Fallon Paiute Shoshone Tribe Vocational Rehab, will present Business Financial Management on Tuesday, December 5th, 2023 from 10 am to 2:30 pm.  Registration is open to all Fallon community members and the workshop is free to attend.  To register please click on the “Going” button below and fill in your information.

The workshop will be located in the Tribal Council Chambers at the FPST Administration Building at 565 Rio Vista Drive in Fallon.

For more information, please contact the community host, Vanessa Charley, FPST Voc Rehab Interim Director, at 775-428-2250 or at vrc@fpst.org.   You can also reach out to Mark Thompson, Executive Director, at the IDRS Acorn Project at 916-482-5800 or at mark@indiandispute.com.

About Your Presenter:

Mark Thompson serves the Executive Director of Indian Dispute Resolution Services.  He also guides the IDRS Acorn Project, IDRS’ microenterprise development program, where he provides entrepreneurial training and technical assistance to Native American entrepreneurs and works with businesses operated by Native American tribes to conduct feasibility studies, develop business plans, establish internal accounting procedures and secure grant funding to further economic development through the creation of small businesses in Indian Country.

Outside of his work for IDRS, Mark has formally been involved in several small businesses including a real estate company, a restaurant, and a mobile disc jockey service.  Mr. Thompson received his BS in Business from University of California, Berkeley and completed the Juris Doctorate degree from the University of the Pacific, McGeorge School of Law in Sacramento. He lives outside Sacramento, California where he and his wife Mandi operate a small horse boarding facility and are raising two children, Zane and Marina.

This workshop is sponsored by the Fallon Paiute Shoshone Tribe.  It is being funded in part by the USDA Rural Development and the Small Business Administration.