Education Events in New York

Queens Night Market Series, Session II: Operations & Profitability. Many businesses fail not because of a bad business idea, but because there was no system that standardized, measured, and improved its operations. Through systems and good financial management, your business can be successful. The goal of this course is to help you translate your business concept into an efficient operation that continuously improves and raises your bottom line and introduce key business finance terms and concepts in everyday language. By the end of this course, you will have completed the following: Understood the value and components of a business operational plan, Defined the processes, resources, and partners specific to your business, Identified your business’s critical processes, and explored alternative processes for them, Defined your Key Performance Indicators (KPIs), Understood the basic business financial terms, Worked with basic financial statements, Defined the difference between a business’s start-up and operating expenses, Calculated gross margins, break-even points, and profit goals for a sample business.