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BBVA Foundation and SBDC partnership offers businesses free financial management training
By Office of Public Affairs
(956) 665-2741
Posted: 03/28/2014
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UTPA and the BBVA Foundation have partnered to offer a number of free training workshops and a conference to help small business owners sharpen their skills in running a successful business operation. Pictured at a check presentation from BBVA to UTPA to support the expert training for local business owners are left to right Martin Baylor, UTPA vice president for Business Affairs;Maria D. Juarez-serna, UTPA SBDC director; Robert McDaniel, city president, BBVA Compass - McAllen; Veronica Gonzales, UTPA vice president for University Advancement; Melissa Diaz, vice president, BBVA Compass - McAllen; and Robert S. Nelsen, UTPA president.
The Small Business Development Center (SBDC) at The University of Texas-Pan American in partnership with the BBVA Foundation is offering free workshops and a conference to small business owners where they can sharpen skills related to operation a successful business.

The full day conference – “Plan. Build. Secure: Grow and Protect Your Small Business Equity for Tomorrow” – is planned for 8 a.m.-1:30 p.m. on April 8 in Room 1.200 at UTPA's Community Engagement and Student Success (CESS) Building located at 1407 E. Freddy Gonzalez Drive (at intersection with Hwy. 281). During the conference, expert speakers will discuss business value; credit; financial decisions on the bottom line; protecting your investment; credits, deductions, and taxes. The conference will end with a keynote presentation by Robert McDaniel, city president for BBVA Compass-McAllen, on the financial business practices of successful business owners.

In the free half-day workshop offered 8 a.m.-noon on May 7, attendees can receive basic training on understanding and managing business finances. The workshop, titled "Financial Basics & Analysis for Small Business Owners," covers the following topics: Revenue and Expenses; Costs and Pricing; Profit and Loss Statement; Balance Sheet; Cash Flow Statement; Tools for Sales Growth; Use of Proceeds; and Sources of Financing. The May workshop, the last one of three offered at various locations, will also be held at the CESS Building, Room 1.200.

UTPA SBDC Director Maria Juarez-Serna encourages small business owners to sharpen their money management skills through training.

“It’s critical that business owners have a solid grasp of their finances for long-term sustainability. Some of the most important business decisions that business owners will make are ultimately expressed in financial documents. We encourage local business owners to participate in the workshop as well as the conference and pick up valuable information for the success of their businesses," Juarez-Serna said.

Pre-registration is required to attend the workshop and the conference. The conference will include continental breakfast and lunch. To register, please contact the UTPA SBDC at (956) 665-7535.

The UTPA SBDC, a component of the Business Development & Innovation Group, offers confidential one-on-one counseling, assistance in business plan development, and business training on a variety of business topics. For more information on services, call (956) 665-7535, or visit www.utpa.edu/sbdc.