Financial Statement Basics for Startups

Whether you already own a business or are beginning to think about becoming an entrepreneur, one thing you can do to set yourself for success from day one is to know your number. Because Great ideas are plentiful but profitable and sustainable ideas are much rarer. To learn how to effectively read your financial statements and understand your startup’s viability, we’re excited to have Charles Antonucci to lead this workshop. Charles is a serial entrepreneur and startup investor. “Nothing is more off-putting to a potential investor than an entrepreneur who doesn’t know their numbers.” says Charles. In this workshop, the instructor will walk you through 4 basic financial statements: Profit and Loss (P&L) or Income Statement, Cash Flow Statement, Balance Sheet and Break Even Analysis, as well as other key numbers that investors are looking at.

This is the 4th out of 8 workshops in the 2021 Queens StartUP Competition Program. This workshop is open to everyone. You do not need to be a StartUP participant to take this workshop. However, if you’re looking to participant in the 2021 StartUP program, you are required to take minimum four workshops in order to be qualified to compete and an opportunity to win 10,000 grant award. Learn more at: Queensstartup.org.