SOUTHERN CALIFORNIA BLACK CHAMBER OF COMMERCE
Introduction to business – This class covers the basics of business. Students will learn about the different types of businesses (i.e. sole proprietorship, limited partnership, general partnership, c, s and limited liability corporations. Over the course of the class, students will identify the best business structure for their particular product or service. Students will also learn the basics of the business plan. In this class, students will identify their product and/or service, mission and vision statement, SWOT analysis and risk assessment matrix.
Introduction to budgeting – Students will learn how to create a budget for their product/service. This will include all of the definitions as well as numbers to calculate cost analyses, price, break-even as well as profit margin. Students will create an initial budget as well as a three-year budget to present to potential investors. They will then add this component to their business plan.
Introduction to marketing and sales – Students will learn the basics of marketing and selling their product. This will include direct marketing, indirect marketing and the use of social media in branding their product and/or service. Using the previous budgeting course, they will estimate the costs of marketing and branding their product and/or service and add this to their business plan.
Introduction to accounting and taxes – Students will learn basic accounting and taxes for their desired business structure(s). This will include journaling as well as understanding the different taxes (sales etc.) as well as pass through taxes, etc. Simple tax write-offs will also be discussed.
Intermediate business – students will then be divided up into groups that will use the following business structures for their product and/or service
- Sole proprietorship
- General partnership
- Limited partnership
- S corporation
- C corporation
- Limited Liability Corporation
They will learn more advanced concepts regarding accounting, insurances, intellectual property and protection, contracts, marketing and taxes.
In the U.S. small businesses employ over 51% of the work force. Catherine Francis has committed her life to making businesses thrive in an ever-increasing volatile economy. Providing Lean consulting, resources & access to alternative funding sources, and to foreign monies. Ms. Francis helps businesses tap into diverse wealth pockets and opportunities.
As a notable speaker and presenter Ms. Francis launched a series of “hands on” conferences at local universities and colleges titled, “Bridge the Tech Gap” designed to help businesses, bridge the 21st century skills gap in social media and technology necessary to remain globally competitive.
Read More Here
Lisa Hamilton is a Stakeholder Liaison in the Small Business/Self Employed Division. Her duties include working as a relationship manager for small business owners and the practitioner community. She has held various positions as an Appeals Officer for the Appeals Division, a Tax Compliance Officer for the Examination Division, and a Revenue Officer for the Collection Division. Lisa graduated Cal State Los Angeles where she studied Accounting and Economics. She has utilized her skills as a presenter to various organizations and extensive volunteer efforts at VITA sites in the San Gabriel Valley.