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 materials are provided, which include a workbook, software, and other documents.
Topics 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
