Workshop 1 – Business Start-up Basics (FREE)
The topics covered in this workshop include:
· Personal Factors / Management
· Business Opportunities
· Myths about Owning a Business
· Marketing
· Organization, Insurance, Regulations
· Requirements and Sources of Capital
· Cash Flow Management
· Business Planning
Workshops 2 through 5 are designed to be taken as a series to give you tools and techniques you need to go ahead with final planning and startup of your new business.
Workshop 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
After you attend Workshop 2, you will be assigned a SCORE mentor who will mentor you for FREE as you go through the remaining workshops and then maintain an ongoing FREE mentoring relationship as you successfully start and grow your new business.
Workshop 3 – Marketing Plan
· Product/service offering and description
· Pricing strategy
· Competition
· Target markets
· Distribution channels
· Marketing strategies for target markets
· Business structure
Workshop 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
Workshop 5 – Funding Sources
· The Six C’s of credit
· Funding sources
· Bank financing
· Business Readiness Assessment
03/31/10 07:10 AM