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O'Connell Speaking at National SBDC Conference

Thursday, August 24, 2017

Mike O'Connell, Larimer Small Business Development Center (SBDC) Director, will be a presenter at the National SBDC conference in September, in Nashville Tennessee. Over 1400 small business development professionals attend this annual conference to sharpen their consulting skills, and learn about useful entrepreneurial resources. O'Connell will present “My Top Six Ways That Businesses Get Into Trouble”. This information was also featured in BizWest magazine’s May 2017 edition.

10 Signs You Need Better a Better Understanding of Your Business Finances

Tuesday, September 08, 2015
      by Brian Cathcart, CPA, MS
Larimer SBDC Consultant
The Financial Lab

You are probably really good at providing the products and/or services of your business. But you might not feel so competent or confident about the accounting and financial analysis part of your business. Maybe you need to change your mindset regarding your financial reporting as something to get excited about. 

Don’t you get excited about things that make you money?  Financial reporting and analysis makes you money!

10 Signs You Need Better a Better Understanding of Your Business Finances
  1. You don’t know the role of accounting or what accounting means. 
  2. You are not using financial information regularly to make better business decisions.
  3. You don’t know how to calculate your break even or how to calculate sales necessary to achieve a desired level income.
  4. You don’t know what accounting infrastructure means.
  5. You don’t know what accrual based accounting means.
  6. You don’t understand why the balance sheet is the most important financial statement.
  7. You don’t understand why it is necessary or how to perform monthly reconciliations and close the books.
  8. You have a large accounting role without adequate training and education.
  9. You are a business owner or manager that would like to freshen up on all this accounting stuff.
  10. You are not excited about monthly financial analysis.
Do any of those strike a chord with you? The good news is the Larimer SBDC is here to help! We have free, confidential, individual business consulting with professionals like myself who understand the impact financials have on your business growth, as well as several upcoming training options. 

Check out the following helpful classes that are coming up soon:

Thursday, November 5  1:00 PM - 5:00 PM
QuickBooks: 3 Part Series
Friday, November 6 8:30 AM - 12:00 PM
Basics of Bookkeeping: Know Thy Numbers
Wednesday, November 18 8:30 AM - 12:00 PM  
TAXES - Get Informed and Organized Now!

Need help sooner? Classes don't fit your schedule? 

Click here to request an appointment.


Larimer SBDC Increased Consulting in First Half of 2014 by 62%

Wednesday, July 30, 2014
The Larimer Small Business Development Center (SBDC) provided 1304 hours of free confidential consulting for its clients in the first half of 2014, a 62% increase over first half 2013 hours.

“We’ve done a lot of work over the last year to reach out to the business community, and let them know we can be a productive resource . Our consultants have done a great job of delivering value to the 284 clients we’ve served so far this year.”, says Mike O’Connell, Larimer SBDC Director.

Terri Donovan-Keirns, Larimer SBDC Program Coordinator, adds “ we’ve brought in some consultants with specific skill sets to help our clients. We’ve added two restaurant/food consultants, a supply chain expert, and more marketing specialists. We also have beverage/distillery and construction experts going through our consulting accreditation process, and they should be on-board shortly.”

The Larimer SBDC provides free confidential consulting and a wide range of low-cost business workshops.  The Larimer SBDC is hosted locally by Front Range Community College, and sponsored by the SBA, City of Fort Collins Economic Health Office, First National Bank, and others. The Larimer SBDC recently relocated into The Innosphere business incubator at 320 East Vine Street, Fort Collins.