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Financial Statement Basics for Startups

November 20, 2020 @ 1:00 pm - 2:00 pm

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.

Classes are sponsored by the Small Business Association.

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The Queens Economic Development Corporation and Queens Tourism Council will host Queens Taste 2024 at the New York Hall of Science in Flushing Meadows Corona Park on Tuesday, May 21, from 6 pm to 9 pm.

We expect to attract more than 500 attendees with 50 restaurants and beverage purveyors, who will offer samples of their products. Thus, attendees will be able to bounce from table to table, tasting treats from tangy to fiery, crunchy to velvety, and sweet to briny.

Queens Taste is also a celebration of the borough -- and a great way to network. Almost all the anticipated 500 attendees either live in Queens or do business there. Many are executives and captains of industry. The atmosphere is always festive, almost giddy, creating an ideal scene for meeting and greeting.