Free Morning Workshops in Marshall this Fall

September 21, 2012

Beginning this fall, the Kilgore College Small Business Development Center and Marshall Chamber of Commerce will be offering a series of small business workshops to entrepreneurs in Marshall.  The idea of these workshops is to give small business owners, supervisors and employees a chance to network and take valuable information back to their businesses.  They will each be held at the Marshall Chamber of Commerce, now located in the Visual Arts Center, 208 E. Burleson, Marshall, TX.

            The first in this three part series will be “Coffee Connections: Tips & Tricks to Improve Your Credit Score”.  The class will be held Tuesday, October 9 from 9:30 - 11:30 a.m. The class will be instructed by Virgil Conner, Business Advisor for the KCSBDC and a team member from BancorpSouth.  Since the financial collapse of 2009 and other conditions that affect the financial industry, it is important to establish and maintain a good credit score/report. The following is a list of companies or agencies that can review your credit report:

  • Lenders
  • Insurance companies
  • Landlords seeking a credit check for renters
  • Credit card companies
  • Companies where you are seeking employment (only with your written consent)
  • Organizations considering your application for a government license or benefit (if the agency is required to consider your financial status)
  • State or local child support enforcement agencies
  • Government agencies (usually can only look at your name, address, former addresses, and current and former employers)
  • Other organizations you've initiated business with

Workshop topics will include:  1) How to obtain/interpret your credit report; 2) Legally correct your credit score without paying; 3) Tips to avoid identity theft, credit fraud & other popular scams; 4) How inquiries affect your score; 5) How long bankruptcies and collections stay on your report; 6) How is your score calculated; and 7) The effects of debt to income.

The second in our three part series will be “Coffee Connections: How to Read Financial Statements”.  This class will be held Tuesday, October 23 from 9:30 – 11:30 a.m.  This class will also be instructed by Conner, along with Mac Abney, CPA with Abney, Simmons and Co. in Marshall.  Inflation, fluctuating interest rates, and the current economic conditions have made it mandatory for the small business owner to closely manage their cash flow. Most small businesses use a cash basis rather than an accrual basis of accounting because it is easier and takes less time to maintain. Generally this is what gets the business into trouble. In this seminar you will learn how to:

  • Maintain adequate cash flow
  • Project cash flow needs
  • Calculate current ratios
  • Total debt ratio
  • Profit margins
  • Liquidity
  • Quick ratios
  • Asset management ratios
  • Accounts receivable turnover
  • Debt management ratio

This information will allow the small business owner to see and understand how his business stands financially and what a lender likes to see in regards to the business rations.

The final workshop of our series will be a special class geared towards those in, or interested in, the restaurant industry, entitled “Restaurateurs – The Experience is Twice as Important as the Food”.  This class will be held Wednesday, October 31 from 8:30 – 11:30 a.m.  Instructors will be Brad Bunt, Director of the KCSBDC and Marc Willson, restaurant and retail industry guru.  “Having exit interviewed over 5000 restaurant patrons; this seminar breaks down a successful restaurant experience to the basic components of a complex, well-oiled machine that delivers excellence consistently,” said Willson.  The actual dining episode is a small part of the countless hours of preparation and training that goes into a memorable dining experience. Hire people that truly appreciate your product and are excited to share it with your guests, and you are half way there. Come. Let’s talk restaurants. Topics Include:

  • Opening checklist
  • Restaurant statistics
  • What customers want
  • What’s hot in 2012-2013
  • Market Analysis
  • Merchandising and store layout
  • Financials and restaurant math
  • Marketing and Promotions
  • Social media for restaurateurs

These workshops are FREE of charge, but registration is required.  To register over the phone, contact the Kilgore College SBDC at (903) 757-5857 / (800) 338-7232 or register online,  To register by mail, print registration form here.  Please register for each workshop individually to assure an accurate head count.