I'm Interested in Being a Client
The Polsky Center seeks existing small business owners who can benefit from the classroom knowledge and personalized, no-cost consultation that this program will offer. The goal is to better position small businesses to apply for capital.
This program helps business owners refine financial reporting, create financial projections, increase knowledge on access to capital, build business credit, and manage business finances to achieve profitability and improve cash flow. The time commitment is two hours per week of instruction and an average of two hours of outside work per week with dedicated MBA student team support. By the close of the program, each business will create a package of financial and business information commonly required by lenders, including:
- Business overview and history
- Business goals and strategy
- A statement of financial health referencing past performance, ratios, debt capacity
- Financial statement forecasts
- Expected future performance, debt needs, and capacity
- Sources and uses of cash, cash needs, and debt capacity
Participants will become members of the Polsky Exchange for ongoing support and engagement.
Who Should Apply:
South and West Side business owners with annual revenues approximately $250,000-$500,000 who are seeking to secure capital and learn how to better use financial statements to make strategic decisions.
Participants should be:
- Ready to make shifts in their businesses to achieve greater success;
- Prepared to spend time to work on their businesses (and not just in their businesses), i.e. be able to step away from daily operations to grow the business;
- Able to attend an in-person gathering at the start and close of the program; and
- Have a set of financial statements, e.g. income statement, balance sheet, and statement of cash flows. Minimum requirement for participation is a P&L (income) statement; assistance is available to create if needed.
The application for the 2024 Financial Fundamentals Winter Cohort is now open. The deadline to apply is Monday, November 13, at 11:59 p.m. If you need any assistance or clarification while completing the application, please contact Isra Omar at firstname.lastname@example.org. Inquiries received by 9:00 a.m. on November 10 will be addressed before the deadline. Apply now.