Preparation is key to the success of any business venture. Whether you are starting a new business, growing an established business, or launching a new product or service, preparation is the key. Learn how to utilize several tools in the process of developing a plan for your business. Whether formal or informal, translating your ideas into a working plan will increase the odds in your favor. This seminar provides an overview of two approaches to business plans and the steps necessary to develop those plans. Also, a special emphasis will be placed how to fund the business once the plan has been developed. In addition to the course instruction, support material is provided which includes a workbook, software, and other documents.
Topic Include:
-Discuss business success factors
-Critical steps to a great business plan
-Understand the Business Model Canvas for an informal plan
-Explore the planning process
-Identify the critical components of a formal Business Plan
-Review funding options
-How to research the feasibility
-Sources for evaluating the industry, market and competition
-How to develop basic financial projections for financing
-Successful writing techniques that appeal to lenders/investors
