David Broyles Staff Reporter
January 14, 2014
PILOT MOUNTAIN — The Small Business Center (SBC) of Surry Community College will offer Budgeting and Cash Flow Projections for Start-up Businesses on Tuesday from 3 to 5 p.m. According to Center Coordinator Susan Coble, the seminar is one of many services to local entrepreneurs offered through the SBC.
The informative seminar is offered at no cost to participants and will meet at The Pilot Center, located at 612 E. Main St. in Pilot Mountain. Tony Williams, owner and president of Third Line Inc., will be the presenter.
According to Coble, it is focused toward the new or potential business owner who doesn’t know how to begin the budgeting process. Williams will present the steps to develop a budget and prepare cash flow projections that are vital for start-ups and are required when obtaining financing.
“The most critical aspect of a small business is to plan,” Coble said. “It can take six months or longer for some businesses. Many say they want to be their own boss but owning your own business means you’re going to have a lot of bosses. Each customer is your boss and hopefully you’ll have thousands of bosses.”
Attendees will learn how to estimate fixed and variable expenses and conduct a break-even analysis. Current small business owners also can benefit from this seminar if they have deviated from their projected budgets or find their cash flow projections are inaccurate.
“Usually people don’t realize all the things we offer until they take one of our classes,” said Coble. “I don’t think a lot realize how interactive our seminars are. We have a whole range of services for potential and existent small business owners.”
Coble said business owners starting out are not aware of regulations or permits required for the business they have decided to go into. She said the center can help them with this and more information through partner agencies such as local chambers of commerce and the Surry and Yadkin County Economic Development Partnerships. She said area Chambers of Commerce also have been great to work with on referrals to help participants.
She said the center also is designed to help students who are seeking to set up and grow their business while maintaining a full-time job which has become a common strategy during uncertain economic times where research determines if there is even an audience for their product or service.
“Another benefit from participating is you often find out that person sitting next to you may become your best customer,” Coble said.
She said consultation with the SBC Director on business-related issues is available Monday through Friday by phone or in the Small Business Center office. Literature also is available regarding business concerns such as business plans, cash flow/record keeping, marketing, and sources of funding. Referrals can be made to cooperating agencies such as the North Carolina Business and Technology Development Center, the Microenterprise Loan Program, and the Surry JobLink Center.
“We are also trying to do a lot more seminars for business owners about social media which is really popular right now,” Coble said. “In many circumstances, maintaining a social media presence is just an investment of the owner’s time.” She said the center was established to help Surry and Yadkin Counties and holds classes at the college’s Dobson campus as well as off site centers including The Pilot Center, Mount Airy Center for Public Safety and at centers in Elkin and Yadkin.
Training and educational opportunities are also arranged by the Small Business Center. Examples of classes include How to start your own small business, bookkeeping and tax education classes, workshops on marketing, microcomputer classes, and management seminars.
Advanced registration is required for the Budgeting and Cash Flow seminar by emailing Susan Coble at email@example.com or calling the Small Business Center at 386-3685.
Reach David Broyles at firstname.lastname@example.org or 719-1952.