University of Maine Cooperative Extension has announced that a three-part small business workshop series featuring Record Keeping and Pricing will be held on three consecutive Tuesday evenings, starting Oct. 25, and continuing Nov. 1 and Nov.  8, at the UMaine Extension, 992 Waterville Road in Waldo, beginning at 5:30 p.m. and ending at 8:30 p.m.

Registration is $5 for each workshop or $10 for all three and includes printed workshop materials. For more information or registration, visit: umext.maine.edu/forms/waldo/Business/bizreg.htm, contact Jane Haskell at 342-5971 or (800) 287-1426 (in Maine), or email jane.haskell@maine.edu. You can also visit the events calendar at extension.umaine.edu. UMaine Extension programs are open and accessible to all in accordance with program goals.

In these uncertain times, it is critical to have accurate business records to monitor the current and future health of your business. Jim McConnon, Extension Business & Economics Specialist, will be the presenter for all three sessions.

McConnon will help owners of small businesses understand the importance of keeping good records in the first two sessions by exploring the components of a successful record keeping system, accounting methods and procedures and identifying key business records and types of expenses. The final session will focus on understanding how to price their business service or product to improve their bottom lines.

How much income has your business earned? Which products or services are making a profit? What are your business expenses? What happens if you set your prices too high or too low? How many hours a day do you estimate you work? What wage and profit would you like to earn? Complete and accurate records let you answer these and other key questions about the performance of your business.

Improve your odds of success by learning all you can. Make decisions based on research. Take time to be informed.

Any person who needs accommodations to attend this program should contact Jane Haskell at 1-800-287-1426 to discuss their needs or call Extension’s TDD number at 1-800-287-8957. To provide adequate time to respond to your request, provide as much notice as possible.