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Grand Prairie Chamber of Commerce
Weekly Newletter
April 27, 2010 |
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| Sustaining Member Spotlight
Three Fundamental Financial Reports Crucial to Small Business Success
Small business...you own it, you work it, you live it but do you know how financially sound IT is?
There are three fundamental financial reports all small-business owners should recognize as crucial to their company's financial success. Each of the statements provides a snapshot of your company's finances from a different perspective. Together, each paints a broad picture of your company's financial health.
1. Cash-flow statement--Typically it contains three sections:
* Operating activities (daily business transactions such as cash sales, interest earnings, and cash paid to employees and vendors)
* Investing activities (transactions related to buying and selling equipment, real estate, and securities)
* Financing activities (transactions related to stock and bond issues and payment of dividends)
2. Income statement--Also known as the profit & loss statement, it shows how profitable your business was over a particular time period. The calculation is as simple as:
sales revenue - expenses = profit or loss.
3. Balance sheet--It compares the company's assets and liabilities, with the difference between the two being your equity. It includes three main parts:
* Assets (current, fixed, and miscellaneous)
* Liabilities (those due within a year as well as long-term debt and stockholder/investor obligations)
* Equity (that which is left over after you subtract liabilities from assets).
Brought to you by: Debi Choate
Senior Community Relations Officer
Texas Trust Credit Union
dchoate@texastrustcu.org
w.972.595.1723, c.972.743.5102
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Congratulation New Members!
Below are photographs of our new members who were presented their membership plaques by Branding Irons Chairperson Prudence and other members of the Branding Irons. Branding Irons is a committee of dedicated chamber members, responsible for being the welcoming committee for the Chamber and serves as Ambassadors to make all feel welcome. They serve as official greeters at Luncheons and Business After Hour mixers. They preside over all ribbon cuttings that are specifically scheduled to welcome new members to the Chamber.
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| Upcoming Events..... | |
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Wednesday, April 28th
Legislative Affairs
4:00 pm, Chamber
Thursday, April 29th
Branding Irons Breakfast
Sponsor: Mountain Creek Retirement Living
2305 Corn Valley
7:45 am.
Monday, May 3rd
Executive Board Meeting
11:30 am, Chamber
Wednesday, May 5th
Leadership Grand Prairie
"Art and Entertainment" Day
8:00 am, Chamber
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Fast Armadillo - Ribbon Cutting
1600 Lone Star Parkway, Suite 1
(QuikTrip Park)
11:00 am
Friday, May 7th
Golf Classic 2010
Tangle Ridge Golf Course
Registration 7:30 am
Shotgun Start 9:00 am
Lunch, Awards and Reception to follow play.
Contact the Chamber for more info: 972-264-1558
Tuesday, May 11th
Board of Directors
4:00 pm, Chamber
Wednesday, May 12th
Leadership Grand Prairie
Committee Meeting
4:00 pm, Chamber
Thursday, May 13th
Holiday Inn Express & Suites - Ribbon Cutting
4321 Communications Dr., Dallas
11:00 am
Friday, May 14th
Business Exchange Breakfast
7:45 am, Chamber
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Welcome our Newest Members!
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Grand Prairie Community Lions Club
2655 Verandah Ln #428
Arlington, TX 76006
(469) 323-1618
West Fork Presbyterian Church
P. O. Box 535456
Grand Prairie, TX 75050
(972) 423-8611
Grand Prairie State Bank
2317 S. Beltline Road
Grand Prairie, TX 75051
(214) 382-9140
Wells Fargo Advisors - Denise Clifton
2305 Cedar Springs
Dallas, TX 75201
(214) 647-3559
Trans Global Auto Logistics, Inc.
2454 N. W. Dallas
Grand Prairie, TX 75050
(972) 602-1670
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Chamber Member DISCOUNTED MEMBERSHIP SPECIAL OFFER
Each Chamber member in good standing is eligible to buy a CareFlite Ambulance Membership at a cost of $10 per employee. | | |
Per Jim Swartz, President and CEO of CareFlite, this is quite an offer:
"A one year family membership (usually) costs $49. The lowest public price which you can see on our website is $149 for 5 years or $30 per year. But the real value is if someone is transported. A typical ground transport is $1500 and a typical air transport is $15,000. In our experience, insurance companies on average pay about 50% leaving the balance to patient responsibility. Over the past 30 years we have transported over 500,000 patients. This year we will transport about 40,000. This is a bargain at $10 and yours would be about the 10th Chamber to offer it to their members as a special benefit. While our service covers all of North Texas, if someone is getting a helicopter transport in Grand Prairie, it is 99.5% likely to be CareFlite."
Contact the Chamber Office and we will gladly send you the Caring-Heart Membership Application so that you can offer this great benefit to your employees.
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| Congratulations Branding Iron of the Quarter | |
Prudence Mathis | |
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Messages from our members
American Cancer Relay for Life Walk May 7th. For more info contact brittainy.johnson@cancer.org
Orville Rodgers Run for the Hills, Saturday, May 15th, hosted by the International Museum of Cultures. Click here for more info.
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| CHAMBER LINKS | |
Click on any of the Chamber links below.
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Renewing Members
Click on the underlined word to visit their website
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