TAMIU-SBDC Offers Workshop on Financial Statements

The Texas A&M International University Small Business Development Center (TAMIU-SBDC) will be presenting a seminar on how to read financial statements on Wednesday, Oct. 29, 2008, from 5:30 p.m. to 8:30 p.m.

The seminar will be held at the TAMIU Anthony J. and Georgia A. Pellegrino Hall, room 115. A $20 fee includes workbook.

Many business owners don't know how to read their business statements and rely on advisors to tell them the results. Their input is valuable, but one must be able to understand statements in order to:

• Realize the vital role money plays in every business decision
• Determine if a business is making a profit or losing money
• Calculate current and future financial needs.

For lending purposes, statements will help one determine if one can afford to pay a loan; the loan amount; the loan term (number of years); which assets to buy vs. which assets should be financed and what collateral is available to secure a loan.

One statement cannot diagnose a company's financial health, but by putting several statements together, one can make smart financial, investment and management decisions.

For more information or to register, call the TAMIU SBDC office at 326.2827, e-mail sbdc@tamiu.edu or register online at sbdc.tamiu.edu

Journalists who need additional information or help with media requests and interviews should contact the Office of Public Relations, Marketing and Information Services at prmis@tamiu.edu