Saint Vincent College Small Business Development Center will host a seminar for businesses on the importance and value of a budget plan. The seminar, “Your Budget – A Profit Plan for Your Business,” will be held on Wednesday, June 11, from 9 a.m. to 12 p.m. at Saint Vincent College.

The workshop is designed to help businesses understand how the budgetary process serves as a planning tool and a control system for business, how it provides a framework for judging performance and how it allows management to more effectively manage costs. The seminar will cover how to prepare a pro-forma (budget) statement, and will discuss the components of pro-forma statements, including sales forecasting, estimating variable and fixed costs, determining costs of goods, break-even analysis, budget deviation analysis, rolling budgets and how a budgeted balance sheet can be used as a predictor of capital needs.

The Saint Vincent College Small Business Development Center is part of a statewide system of university-based economic development organizations, whose mission is to provide high-quality education and consulting to entrepreneurs, to help them start and grow their businesses in the competitive global economy. To register or to obtain more information about this workshop or other SBDC services, contact the Saint Vincent College SBDC at (724) 537-4572 or visit the website at www.stvincent.edu/sbdc.

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