Tuesday, November 7, 2023 @ 10am-12pm | Lender Readiness Webinar
Tuesday, November 7, 2023 @ 10am-12pm | Lender Readiness Webinar
Tuesday, November 7, 2023 @ 10am-12pm
Free Virtual Session on Zoom
Through the Local Food Economy Lab, the Alliance is thrilled to offer a free webinar to cover the topics of lender readiness and financial pro formas. This webinar is designed for small-scale farmers, ranchers, fishermen, and food business owners, and ideal to attendees of the Financial Literacy Workshop that was offered on August 28th. This webinar is offered in partnership with Rebecca Frimmer of Kitchen Table Consultants (KTC), a collective of advisors passionate about supporting local food systems and providing meaningful, hands-on advising services to small businesses.
The goal of this webinar is to support new and beginning, small-scale food business owners with building knowledge of how to prepare to raise funds or apply for a loan. We’ll start with a short review of each financial statement and what we’re looking for in a financial statement review. Then we’ll move into a discussion about financial ratios, KPIs, and how to use them to tell a story about business performance and growth through a case study activity. At the end of the session, you’ll have gained the knowledge and understanding to have a productive conversation about your business’s financial statements with a lending professional.
Topics covered in this webinar include the following:
Reading your financial statements through the lens of business performance - efficiency and improvement
Introduction to ratio analysis - what ratios should I be looking at and why?
Introduction to performance metrics - how is this different from general ratio analysis and how to apply this alongside my financial statements for context?
We’ll apply what we’ve learned through a case study and discuss what we can learn about a business from the financial statements, ratios and performance metrics.
While this workshop is free, we ask that you register so that we can plan accordingly. Space is limited.
About Rebecca Frimmer
Partner & Senior Staff Consultant, Kitchen Table Consultants
As a former business owner of four different businesses, Rebecca Frimmer (she/her) now serves as Partner & Senior Staff Consultant to Kitchen Table Consultants, and directs their business training and education programs. At the intersection of her personal connection to keeping “good food” on the table, and the financial training of her MBA program, Rebecca joined KTC with the headstrong aspiration to strengthen the local food movement via coaching businesses through pathways to financial viability and long term operational success. Rebecca resides in Morro Bay, California, and is originally from Pennsylvania.
About Kitchen Table Consultants
Kitchen Table Consultants’ focus is on making farms and food businesses profitable for good. Our goal is simple – to help passionate farmers and food artisans build lasting, profitable, locally-focused businesses. We accomplish this by working alongside our clients. No stuffy business plans that get thrown on the shelf, never to be looked at again. We have real-world experience and bring that to our work every day. We have walked a mile in your shoes and understand first-hand the challenges facing small businesses. We are results oriented, and our work is about actionable steps to make your business stronger and more profitable. Kitchen Table Consultants is a sister business with Taste Profit Marketing.
Visit Kitchen Table Consultants' website | Follow KTC on Instagram | Follow KTC on Facebook | Follow KTC on LinkedIn
About the Local Food Economy Lab
The Local Food Economy Lab is a new program of the San Diego Food System Alliance that centers equity and community ownership, and works to support the viability of small-scale farmers, ranchers, fishermen, food business owners, and the communities they serve in San Diego County. The Lab serves small-scale farmers, ranchers, fishermen, and food business owners at all stages, especially those in our community for whom traditional business development services have been out of reach.
We focus on businesses led by Indigenous and people of color, immigrants, women, LGBTQ+, youth, seniors, individuals with low income, and those advancing community ownership and collaborative models. The Lab serves for-profit and nonprofit businesses with four areas of work: Peer-to-peer Collaboration & Learning Opportunities, Business Resource Directories & Coaching, Policy Advocacy, and Access to Capital, Markets, & Market Research.