MARQUETTE, Mich. (WLUC) A representative from the Michigan Small Business Development Center gave a presentation Wednesday evening to members of the Greater Ishpeming-Negaunee Chamber of Commerce. Laura Mahronic is the organization’s Regional Director for the Upper Peninsula and northeast Michigan.
The presentation was called “Know Your Numbers”, and its intent was to give business owners a greater understanding of important financial concepts, including understanding financial statements, break-even analysis, and gap financing.
"Business owners often are so busy working in their businesses that they're not working on their business,” Marohnic said. “And understanding your financial situation with your business helps you be proactive vs reactive when problems arise.”
The chamber of commerce plans to continue holding similar events going forward.