Independent restaurants and other foodservice businesses such as caterers, food trucks, cafes, and bakeries.

Managing your business financials should be useful, not stressful.

In an ideal world, restaurant owners would review their books regularly and use the data to make informed decisions. But too often, we can’t prioritize the financials until it’s Tax Day, and then we have to play catchup. This can result in a stressful, expensive, and tedious relationship with our accountants, who are sometimes more focused on putting together tax forms than producing documents that are actually useful in running the business. When you can trust and communicate with your accountant, it’s possible to have both!

In this webinar, Dylan Gully of ReThink Restaurants will guide owners through the best ways to manage and evaluate relationships with accountants. This isn’t Finance 101 — it’s Accountants 101. What questions should you be asking? How do you want your financials organized? How much should you be paying?

He will review some common pitfalls in restaurant-specific accounting that, when addressed, can make your financial statements more accurate and more useful to you as a business owner. We’ll cover topics such as:

• What’s the difference between an accountant and a bookkeeper?
• How often should I be talking to them?
• What financial admin work can and should I do myself?
• How often should I look at my profit and loss statements? At my balance sheet?
• Where do I start if I’ve never organized my financials?

If you’ve ever wondered whether you should trust your accountant, think of this session as getting a second opinion.

This event is presented by CommonWealth Kitchen and the City of Boston, in partnership with Toast, Inc.

Ya sea a través de la toma de decisiones estratégicas, la reestructuración de un modelo comercial, analizaremos cómo podría utilizar ciertos mecanismos para permanecer en el negocio y mantener el valor a largo. Este taller actúa como una guía para que los propietarios de negocios conozcan varias opciones estratégicas para que puedan investigar y evaluar circunstancias particulares.

También compartiremos consejos de planificación de sucesión para ayudar a mantener el valor empresarial y la riqueza generacional. También abordaremos algunos problemas y desafíos comunes de las pequeñas empresas y explicaremos por qué la planificación de la sucesión es un elemento crítico para la resiliencia empresarial.

Whether through strategic decision-making, pivoting a business model, restructuring, or bankruptcy, we will discuss how you could utilize certain mechanisms to stay in business and maintain value in the long run. This workshop acts as a guide for business owners to become aware of various strategic options so you may research and evaluate further for your particular circumstances.

We will also share succession planning tips to help sustain business value and generational wealth. We will address some common problems and challenges of small businesses, and why succession planning is a critical element for business resilience.

Join us for a unique training designed specifically for food-based small businesses on COVID-19 safety, Massachusetts reopening guidelines, and best practices.

This unique piece of training designed specifically for food businesses on COVID-19 safety, State of Massachusetts reopening guidelines, and best practices.

This unique piece of training is designed specifically for retail and service small businesses on COVID-19 safety, State of Massachusetts reopening guidelines, and best practices.

Come and get direct assistance with the 2021 Paycheck Protection Program (PPP).

This workshop will help entrepreneurs to plan operations, manage finances, and access financing.