It’s a Tuesday night at Starting Block on East Washington Avenue. About a dozen people sit around a horseshoe of tables, remnants of turkey sandwiches scattered on paper plates.
On the screen in front of the room is a sample balance sheet.
A man in an orange t-shirt says he spends $700 a month on software and wants to know whether that’s an operating or capital expense.
There’s a long discussion on how to account for unpaid invoices, and another on how to forecast when a business is going to be busiest.
This is the third session of the first-ever cohort of the Madison Black Chamber of Commerce’s new accelerator program, where nine Black and brown owners of small businesses will spend 12 weeks learning and preparing to take their businesses to the next level – including, in some cases, venture capital.
“Last week, we did goal setting. And we did a mentors forum, and we had some really great support from our communities,” said Dan Guerra, who is coordinating the program. “Today, we’re talking about money. And next week, we’ll talk about financing. We’re talking about getting it done.”