Placer Business Development Day

This no-cost workshop is packed with information with our two most popular workshops combined into one! Topics to be covered: • Business startup considerations: • Strong Detailed Business Plan with assumptions. • 12-24 months of Projections-Revenue, Expenses, Profit/Loss, with assumptions. • 12 months of working capital expenses. • Start a relationship with a CPA—worth the investment. • Prepare monthly financial statements, diligently. • SBA financing options. • Leasing options. • Lines of Credit. Business Plan Development: Have you heard the saying, “Businesses don’t plan to fail, they fail to plan?” It’s true – whether you are just starting out or are growing your business -- having a well thought-out, written business plan can help you stay on track for success. A business plan can help you get organized, support an application for a loan, and serve as a roadmap to take your business in the right direction. Although business plans generally follow a generic outline, no two plans are exactly alike. Your plan would include key success factors for your specific industry. And you would write your plan for a specific audience: a plan written as an internal document to guide your day-to-day operations would be different from one developed for a banker or an investor. Loan Readiness: • How can the SBDC help if you are turned down for a loan? • How does a small business get money? Bank loans— are they impossible? • Doing your homework before applying for a loan— who might be able to help • you? What is the SBA Loan Guarantee Program—how can SBA help? • How does SBA look at my loan request? • Are their tips for dealing with lenders? • What else can SBA do for my business? • Differences in Bank Lending and Alternative Lending, and resources available? Financing ABC's - How the SBA (Small Business Administration) and the SBDC (Small Business Development Centers) can assist in financing needs for startup and expanding businesses. Why and How Understanding Business Finance is necessary Alternative Financing Options - Alternatives to the same old, same old... Out-of-the-Box Finance Options How You Can Help Yourself when looking for Money to Start or Expand Your Business.