Facilitated by NJSBDC at Rutgers – Newark
Topic: Cash Flow Management
As a business owner it is critical to understand your business model to increase profitability and manage your company effectively. Unfortunately, many business owners do not know their business model or how to optimize it. Optimizing your business model is the difference between working ON your business or IN it. As a result, you are missing out on a valuable tool for running your company more effectively, planning for future growth, and increasing profitability.
This course covers the following topics:
What is your business model?
Why is your business model important?
How to improve profitability by optimizing your business model Participants in this training will:
Learn what a business model is and how it works.
Determine their business model and analyzing what it is telling them.
Utilize tools for optimizing their business model Based on this knowledge it will be easier to:
Work ON your business instead of IN it
Develop your strategy to optimize your business model
Grow your business in a more profitable way