Financial Management for Community Entrepreneurship

On January 25, 2010, John Peters, Vice President of Operations, and Lisa Young, Records and Tax Specialist, attended a course at UVM. They met with the Financial Management for Community Entrepreneurship class being taught by Professor Grace Matiru, Ph.D. John's presentation dealt with the role that an applicant's financial records play in the credit decision process. He discussed the relationship between an applicant's financial records and the Five C's of Credit. Lisa's presentation provided the students with an understanding of the importance of developing and following a business plan - and then adjusting that plan as circumstances change. She used real life examples to emphasize the importance of financial records and business plans.