Customized Self-Employment Part 7: The Business Plan and Business Financials

Outline:
Section 1: Introduction About This Course Learning Objectives Section 2: Small Business Financial Management Glossary of Terms for Financial and Benefits Management Understanding Income in Self-Employment What is NESE? Charlie’s Self-Employment Income Owner’s Draw and Taxes Cash Equity in the Business Cash Equity and Government Benefits Uses for Cash Equity How Charlie Can Buy a House Critical Business Financial Concepts Getting Financial Advice and Expertise Loan Applications Start-Up Budgets and Cash Flow Projections Let’s Review Summary Section 3: Balance Sheets Balance Sheets A Sample Balance Sheet Start-Up Support from VR and WIA Large Capital Asset Expenditures Prepaid Expenses from VR/WIA Break-Even Analysis Getting the Information for a Break-Even Analysis Calculating Break-Even Analysis: Gross Profit Margins Calculating Break-Even Analysis: Fixed Operating Costs Doing the Break-Even Calculation Try It Yourself Summary Section 4: Break-Even Analysis for Planning Using a Break-Even Analysis for Financial Planning An Example - Using a Break-Even Analysis for Financial Planning Take it One Step Further Finding a Balance in Business Decisions Profit and Loss Statements Income Projections Using Profit and Loss Statements Developing a Profit and Loss Narrative for the Business Profit and Loss Statements for Government Programs Artie’s Lawn Business Summary Section 5: Managing the Finances Cash Flow Statements A Sample Cash Flow Statement Ongoing Financial Management Financial Recordkeeping Checking Accounts Paying Taxes Tracking Income for Social Security Reporting Thinking about the Future Carrie’s Copying Service Summary Section 6: Course Summary Summary Course Contributor Contact the Authors References Congratulations!

Cary Griffin is a Senior Partner at Griffin-Hammis Associates, a full service consultancy which specializes in building communities of economic cooperation, creating high performance organizations, and focuses on disability and employment. Cary maintains a strong relationship with the Rural Institute at The University of Montana, where he served as Director of Adult Community Services & Supports. He is the former Executive Director of the Center for Technical Assistance & Training (CTAT) in Denver. Cary provides training to administrative and direct service level professionals in the rehabilitation field; consultation to businesses and rehabilitation agencies regarding the employment of individuals with significant disabilities; conducts field-initiated research & demonstration; provides family & consumer case consultation; develops resources; and organizational development. Recently, Cary has been instrumental in designing self-employment protocols and training for individuals, agencies, and states. Disclosure: Cary Griffin, MA has no Relevant Financial or Non-Financial Relationship with ineligible companies to disclose.

Beth Keeton is the Executive Director of Griffin-Hammis Associates. For the last 20 years, Beth has provided extensive training and technical assistance on systems change, customized employment, self-employment, systematic instruction, and benefits analysis. She developed the first national certification training curriculum for customized self-employment, collaborated with the Workforce Innovation Technical Assistance Center on the development of Core Features of Quality Supported Employment, helped pioneer the creation and use of the three Customized Employment Fidelity Scales, and is currently service the Principle Investigator on a five-year innovative self-employment training initiative funded by the Rehabilitation Services Administration. Beth co-wrote Navigating Government Benefits & Employment: A Guidebook for Veterans with Disabilities and is a co-author of Making Self-Employment Work for People with Disabilities. She earned her master’s degree from the University of Oregon in 1996. 

Disclosure: Beth Keeton, MS has no Relevant Financial or Non-Financial Relationship with ineligible companies to disclose.

David Hammis is Senior Partner at Griffin-Hammis Associates, a full service consultancy which specializes in building communities of economic cooperation, creating high performance organizations, and focuses on disability and employment. David maintains an ongoing relationship with the Rural Institute at The University of Montana, where he served as Project Director for four employment and Social Security outreach training and technical assistance projects, and now serves as an Organizational Consultant for the Rural Institutes Rural Entrepreneurship and Self-Employment Expansion Design Project. Dave works with organizations nationally and internationally on benefits analysis, supported employment, supported entrepreneurial employment, and employment engineering. Disclosure: David Hammis has no Relevant Financial or Non-Financial Relationship with ineligible companies to disclose.