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Developing Your Income Statement, with John Wyman from SCORE

  • Nido Durham: Coworking + Childcare 902 Broad Street Durham NC 27705 (map)

How do you determine your operating expenses? How do you calculate your revenue? And most importantly - what’s your bottom line? John will use an example income statement to demonstrate how to build yours for your business. Whether you are starting a new entrepreneurial endeavor, or want to get a better grasp of your own existing financials, this is the first step to building a successful business.

After serving in the army and having a 25-year career with AT&T, John Wyman received an early retirement and began his third career as a consultant. He worked with management teams throughout the world on how to decrease costs and improve efficiency and quality. These assignments gave him experience with the need to develop clear financial goals and efficient processes, and how to perform research to understand your market and its needs, leading to a good net margin every month.