This workshop is a requirement for startup business owners who intend to seek financing. All new businesses need to develop a concrete business plan, and this is the workshop that will walk participants through the process. Existing business owners may also benefit from this two-hour workshop.
The first hour will be in presentation format and will cover the various categories of a standard business plan. Brenda Sheehy, director of the SBDC, and Dave Hudson, small business specialist, will discuss the following in depth: executive summary/mission statement; general company description; products and services; marketing plan; operational plan: management and organization: personal financial statement; startup expenses and capitalization; financial plan; appendices and any variations for your particular business situation.
The second hour will allow for business owners to begin work on their own plans in class. The small business specialists will be available for individual assistance during this time.
The second workshop, Business Plan Development II, will be on Friday, March 25, from 10 a.m. to noon in Room 136 of the Technology Building on CSCC’s campus. The second workshop in the Business Development series will focus on financial projections. This workshop is also a requirement for all startup business owners who intend to seek financing.
The first hour of this workshop will be in presentation format and will cover the following categories involved in financial forecasts: startup funds; salaries and wages: fixed operating expenses: sales; cash receipts/disbursements; projected income statement; projected cash flow statement; balance statement; year-end summary; financial ratios; breakeven analysis; amortization schedule; and financial diagnostics.
The second hour of this workshop will also allow for business owners to begin working on their own financial projections in class. Small business specialists will be available for individual assistance during this time.
Registration is required, but there is no cost to attend either seminar. To register for either of these free educational seminars, visit the website at www.tsbdc.org and click on “Training.” For more information on the SBDC, call 478-6247.