Upcoming Events, Courses, and Talks

This four-part workshop series is designed to empower entrepreneurs and small business owners with a foundational understanding of their company's finances. Each session builds logically on the last, taking participants from understanding individual costs to creating a complete Profit & Loss Statement. By the end of this program, attendees will have the knowledge and tools needed to make smarter, data-driven decisions for their business.

 

Session 1: Cost of Labor

 

This initial session tackles one of the largest and most critical expenses for any business: its workforce. We demystify what "cost of labor" truly means and give owners the tools to manage it effectively.

 

What It Covers:

• Defining Labor Cost: Understanding that labor cost is more than just wages—it includes salaries, benefits, payroll taxes, overtime, and other related expenses.
• Importance of Tracking: Learning why managing labor cost (ideally around 30% of revenue) is crucial for profitability and operational efficiency.
• Key Components & Calculations: Breaking down the different elements of labor cost and learning the formula to calculate your labor cost percentage against net sales.

How It Builds: Participants will learn to calculate a major component of their total expenses. This session provides the first key number needed to understand overall profitability.
 

Progressive Learning Structure: Each session provides essential components for the next, culminating in a comprehensive financial statement that gives business owners a clear and accurate snapshot of their company's financial performance.

 

Who Should Attend:

• Entrepreneurs and small business owners seeking financial literacy
• Startup founders preparing for investor discussions
• Anyone responsible for business financial decision-making
• Teams developing financial projections and business plans
• Business owners wanting to make data-driven strategic decisions
  
  

 

About the Organization 

The Greater Englewood Chamber of Commerce promotes the welfare and vitality of the business and civic community through community, connection, education, and advocacy. The organization values collaboration, believing more can be accomplished when individuals and groups combine their strengths. They are committed to building a diverse, inclusive, and equitable community while practicing transparency and generosity in sharing resources and power. The Chamber recognizes their responsibility to respect and protect community interests and resources through effective stewardship.

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