Financial expert advises future small business owners
University of Houston-Clear Lake’s Office of Strategic Partnerships is once again offering a free Business Start-Up Lunch and Learn presentation for any community member interested in becoming an entrepreneur.
The event, entitled "How Your Personal Financial Habits Impact Your Business," will be offered both in-person in the Forest Room of the Bayou Building and via Zoom on Oct. 22, 2021, from 11 a.m.-1:30 p.m.
Guest speaker for the seminar is Ibrahim Saleh, a corporate planning and strategy consultant with TaQtics Consulting Group and a volunteer financial counselor with SCORE Houston, a network of volunteer, expert business mentors dedicated to helping small businesses achieve their goals.
The session aims to provide real-world information to students, faculty, staff and the community. Saleh will share how to fund a business concept, how to manage cash flow, and he will discuss the foundations of money management and the importance of tackling personal debt.
"Eighty percent of small businesses fail within the first two years," Saleh said. "And this is because the business owner never learned the fundamentals of financial management."
Rather than trying to repair financial errors, Saleh said that he prefers to see people develop smart financial habits that prevent those disasters from happening in the first place.
"In medicine, preventing a disease is much better than curing one," Saleh said. "Good patients get checkups and develop lifestyles that allow them to be healthy, happy and productive. Similarly, financial health is essential to the health of a business. Using the tools of awareness and education, success is possible for those who take the time to learn."
Lunch will be provided for in-person attendees. Register for this free event online.