MBAC Cincinnati Presents

Assets Over Liabilities Financial Literacy Program

A 4-month instructional financial literacy program for business owners who want to improve their financial competencies and economic choices when establishing their long-term business goals. Entrepreneurs will emerge from the AOL program with a Financial Growth Plan and a network of professional relationships capable of assisting them in the execution of their financial goals.

2024 Cohort Start Date:
To Be Determined (TBD)

Program Begins: March 29th 2023 | 9am - 10:30am EST

Program Begins:
March 29th 2023 | 9am EST

A Great Opportunity to

A Great
Opportunity to

Invest in yourself & your business.

Specialized Curriculum

Industry leaders have designed a curriculum that is outcome driven and intended to produce maximum results for program participants.

Bi-weekly Mentorship

As part of the program, participants will be assigned with an experienced SCORE mentor that will help guide them on their path to success.

Pitch competition

The program will commence with a pitch competition that will allow participants to present the culmination of their acquired knowledge and vision for moving forward.

Financial Growth Plan

Program participants will emerge from the program with a customized financial growth plan that will be capable of providing guidance, even after program completion.

Relationship Building

In addition to being equipped with financial knowledge and business intelligence, participants will have the opportunity to cultivate meaningful relationships that can help move their business forward.

Business Fundamentals

This state-of-the-art Financial Literacy Program will produce a solid foundation for participants by making sure they understand the business fundamentals that support a thriving enterprise.

Program Overview & Eligibility

Program Overview

The focus of the AOL program is to provide business owners an opportunity to gain a better understanding of the operational aspects of their business by providing an overview of the balance sheet, income statement, and cash flow statement. The AOL program will demonstrate through a hands-on approach how the three financial statements are used to assist in making financial business decisions.

Assets Over Liabilities (AOL) Start Date:

  • 2024 Session
    TBD
The AOL program will:
  • Discuss relationship building, credit worthiness, and budgeting
  • Analyze the income statement, balance sheet, and cash flow statement
  • Demonstrate how each financial statement interconnects with one another
  • Teach liquidity ratios, solvency ratios, and profitability ratios
  • Teach the difference between cash and profit and their impact on the business

Program Eligibility

The companies best suited for the AOL program are those that have survived initial start-up, achieved early growth, and are poised for further growth.

The business must have:

  • An annual revenue of at least $50,000
  • At least One year in business and one year of financials

Meet one of the following
criteria:

  • African American, Asian, Native American, or Latino
  • Women-owned
  • Socio-economically disadvantaged

And must be able to fulfill a required 4-month commitment, including:

  • Attending all of the 8 program group sessions
  • Attending all one-on-one sessions with SCORE mentor

Process for Applying

  • Complete the online application.
  • If selected for an interview, the Assets Over Liabilities Team will contact you.
  • After all interviews are conducted, selected applicants will receive an acceptance email.

Program Curriculum

Entrepreneurs have a clear understanding of the 10 basics of business, create a relationship development action plan, will be exposed to various banking and industry specific representatives from various establishments, and better prepared to address the expectations of lending institutions.

Entrepreneurs will be able to create their own balance sheet based on their
understanding of the balance sheet formula, and will understand the difference between assets and liabilities. We will learn the fundamentals of and importance of balance sheets, and will have a basic fundamental understanding of the accrual and cash basis.

Entrepreneurs will be able to create an income statement, interpret the financial statement and understand how to utilize the income statement for business decisions. We will learn how the income statement works in tangent with the balance sheet to provide a partial overview of the financial health of the business.

Entrepreneurs will be able to produce a cashflow statement and understand the importance of maintaining a positive cashflow and the impact on their business. We will learn the relationship between the balance sheet, income statement and cash flow statement.

Entrepreneurs will gain an understanding of what working capital is and the variables that can impact working capital.

Entrepreneurs will gain insight into the financial health of their business, and will be able to conduct a competitive comparative analysis of businesses in their industry. We will learn how to utilize the ratios to track the financial changes in companies and make better business decisions based on the financial data

The financial pitch competition will include the three-year financial growth plan (projections). The event will take place prior to graduation and will include the business owners balance sheet, the income statement, and statement of cash flows, industry ratio analysis, and projections. A panel will judge the pitches based on the owner’s ability to synthesize the information presented during the sessions and the thoroughness of their financial growth plan.

The Assets Over Liabilities graduation will take place at the key sponsor’s business entity and will include various stakeholders. The Financial Literacy Pitch Awards will be given out at the graduation along with certificates of completion.

Entrepreneurs have a clear understanding of the 10 basics of business, create a relationship development action plan, will be exposed to various banking and industry specific representatives from various establishments, and better prepared to address the expectations of lending institutions.

Entrepreneurs will be able to create their own balance sheet based on their
understanding of the balance sheet formula, and will understand the difference between assets and liabilities. We will learn the fundamentals of and importance of balance sheets, and will have a basic fundamental understanding of the accrual and cash basis.

Entrepreneurs will be able to create an income statement, interpret the financial statement and understand how to utilize the income statement for business decisions. We will learn how the income statement works in tangent with the balance sheet to provide a partial overview of the financial health of the business.

Entrepreneurs will be able to produce a cashflow statement and understand the importance of maintaining a positive cashflow and the impact on their business. We will learn the relationship between the balance sheet, income statement and cash flow statement.

Entrepreneurs will gain an understanding of what working capital is and the variables that can impact working capital.

Entrepreneurs will gain insight into the financial health of their business, and will be able to conduct a competitive comparative analysis of businesses in their industry. We will learn how to utilize the ratios to track the financial changes in companies and make better business decisions based on the financial data

Financial Pitch: The financial pitch competition will include the three-year financial growth plan (projections) for the entrepreneurs. The event will take place prior to graduation and will include the business owners balance sheet, the income statement, and statement of cash flows, industry ratio analysis, and projections. A panel consisting of the instructor(s), financial experts, and funders will judge the pitches based on the owner’s ability to synthesize the information presented during the class sessions and the thoroughness of their financial growth plan.

The Assets Over Liabilities graduation will take place at the key sponsor’s business entity and will include various stakeholders. The Financial Literacy Pitch Awards will be given out at the graduation along with certificates of completion.

An opportunity for Meaningful engagement

Sponsorship Roles & Benefits

Program Sponsors Roles

  • Financial Institutions will have an opportunity to assist with instruction & panel participation, programmatic costs, providing a location for the graduation, and the pitch awards.
  • Educational Institutions will have an opportunity to assist with instruction, curriculum tools, and panel participation.
  • Cincinnati SCORE will provide mentors who are experienced business owners and leaders in various industries. The SCORE Mentors will lead bi-weekly sessions to assist the business owners in understanding and applying financial concepts and analyzing their business financial statements, as well as assist in preparing them for their financial pitches.

Benefits of Sponsorship Engagement

  • Promotion of your engagement with the program via print, television, and social media, and MBAC/AACC websites.
  • Developing relationships with prospective business clients.
  • Achieving community outreach goals.

Questions? Contact Us.

Questions? Contact Us.

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