Score 116 Developed Workshops
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National Score Quickstart Workshops
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Starting a New Business in Florida
| Topics covered include the 13 basic steps to setup set up and run a business in Florida.
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| Federal, State and Local forms and taxes are covered.
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| An assessment of entrepreneurial and business decision skills.
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| A valuable Guidebook is provided to attendees at no cost.
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1 – Business Start-up Basics
Personal Factors / Management; Business
Opportunities
Myths about Owning a Business
Marketing
Organization, Insurance, Regulations
Requirements and Sources of Capital
Cash Flow Management
Business Planning
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Building Your Business Plan
| Step-by-step process needed to organize business concepts and ideas into a Business Plan. |
| An evolving plan development is suggested based on a 'Quick Start' interactive application on the SCORE website.
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resulting plan allows for communicating business concepts to others including banks for finance consideration. |
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2 – Business Concept
Business Concept Development - Business ideas, personal
background, industry profile, business description, target markets,
competition, suppliers, potential vs. risk
Market Data Collection: - Critical information data sources,
demographics, customer data, competitors data
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Financing Your Business
| Describes the
numerous sources of debt and equity financing.
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| The objective is developing a financing strategy that will attract
investors. |
| The relationship between the Small Business
Administration and local banks is covered along with types
of loans available |
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3 – Marketing Plan
Product/service offering and description
Pricing strategy
Competition
Target markets
Distribution channels
Marketing strategies for target markets
Business structure
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Marketing and Sales
| Explores how to analyze your product and/or service offerings
compared to your competition. |
| Topics include market segment analysis
plus creative ways to reach new customers. |
| Also covered is the
importance of maintaining positive relationships with existing
customers. |
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4 – Financial Projections
Developing a financial model and projections for your
business
Use of the SCORE financial forecast model template
How to interpret financial information and use it to
manage your business
Income Statement; Cash Flow Statement; Balance Sheet; Financial Diagnostics; Break-Even and Ratios;
Sources of capital;
Monthly budget;
Gross margins;
Sales forecast;
Cash receipts and disbursements
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Managing and Growing Your Business
| Challenges and new skill requirements for successful current
day management. |
| Ways to deal with continual
change, and using the Internet to reach new customers. |
| Finally, Accounting S/W packages that
can simplify the bookkeeping process are described |
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5 – Funding Sources
The Six C’s of credit
Funding sources
Bank financing
Business
Readiness Assessment
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