Financial Management Clinics were developed to address a common pattern that CETAC observed among many of its early-stage clients; they don’t read their financial statements. Each clinic is limited to three or four companies and each company shares their financial statements with the other attendees. The clinics are facilitated by a mentor with expertise in financial management and the participants analyze each other’s financials in order to learn what their financials can tell them about their businesses so they can use them as a management tool.
The facilitator also discusses opportunities to improve the functionality of the statements. The content of the clinic depends on the skills and abilities of the entrepreneurs in attendance as well as the size (revenue) of the company.
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