Advanced Business Plan Writing

Why a Business Plan is Important…

Writing and updating a Business Plan helps you organize your thoughts and assumptions about your business and write them down in an organized way.

You SHOULD use this as a checklist on an ongoing basis in managing your business. By documenting assumptions and milestones you can adjust actions to take to better manage your business.

If you want to get a loan or raise money, the Business Plan is REQUIRED by any lender.

A business plan is very specific to each particular business. However, while each business needs a unique plan, the basic elements are the same in all business plans.

If you are currently writing and/or updating your business plan but found it to be a little challenging or not sure what to do next, then this webinar can help you move forward.

By using the provided template, that will be illustrated during the live webinar, this will assist you in making sure that you are thinking about all the things you should be doing while managing your business.

At the completion of this module, you should be able to:

• Describe the importance of a business plan
• Identify the elements of an effective business plan, and..
• Write YOUR successful business plan

We encourage you to prepare any questions that you may have ahead of time for the Instructor to address. This way, they will be able to answer your direct concerns that pertain to your particular business.

Buying or Selling a Business?

Why you should attend this informative Webinar…

For businesses negatively impacted by COVID-19, business owners, buyers and lenders know the initial impact of COVID-19 on the business and better understand how certain businesses can adapt and recover during the pandemic. From a lending perspective, the more months of performance we can review during 2020, the better the chance of obtaining a reasonable business value.

This 3 hour Workshop is designed to educate individuals interested in buying or selling a business. Key topics covered will be:

·         Deciding to buy or sell a business

·         Finding the right fit

·         Planning for the transaction

·         Building a good team

·         Conducting the first meeting

·         Determining the business value

·         Writing the letter of intent

·         Performing due diligence

·         The final contracts

·         Case study using a real example

Essential Steps for Starting a Business (In-Person/Webinar) Plano Library

An introductory Workshop that is designed for the entrepreneur and small business owner to learn what’s really needed of them to start and run a successful business.

However, there’s a number of factors to keep in mind before starting your own business.

We’ll introduce you to key business considerations, like the myths and realities of entrepreneurship, different business options to pursue, the components of business ownership, legal & financial considerations, and business plan basics.

Discussions will include:

• the need for personal skills
• products/services
• legality
• financing & planning
• learn how committed you need to be to make the business successful

Financials for Non Financial Managers- A Veritex Sponsored Event

Come learn the terminology and put into practice what you learn. We’ll spend time working with the Income Statement and show you what it means and how it relates to the Balance Sheet. We’ll spend considerable time looking at the Cashflow statement and making sure you can create one for your future use.

A Veritex Representative, Erika Hersh, will give you a banker’s point of view and offer advise that every small business owner should know when it comes to understanding financials for your business.

Erika Hersh joined the Veritex Community Bank team in 2020. She is an SBA Lender and responsible for assisting businesses with loans up to $5MM. Prior to Veritex, Erika was the Regional Lending Manager for PeopleFund, a Community Development Financial Institution. She has extensive experience in SBA Lending, Small Business Consulting, & Business Education. Erika has been honored by Fort Worth Inc. Magazine as one of the Top 400 Most Influential People in Fort Worth for the past 3 years.  She is Chair of the Burleson Area Chamber of Commerce Power of Heels Division. Erika has a passion for helping business owners reach their full potential. Outside of the office, she enjoys volunteering her time as a counselor and spending time with family.

Funding Your Non Profit Organization

This Workshop is where you can learn how to research the various funding options that are available for your non profit organization. In addition, you’ll learn about the Fundraising laws, how to market on social platforms, and so much more! We can give some basic guidance in order to help you make your fundraising journey a success!

We will cover the following funding options:

• Funding Your Non profit
• Monetary Donations
• In-Kind Donations
• Service Fees
• Unrelated Income
• Grants & Grant Writing

Materials, services or products offered by providers to SBDC clients are available as a resource for you to locate professionals who can assist you with business concerns. Making these sources available to you does not imply or constitute a recommendation or endorsement by the SBDC, but is only intended to be a convenience for you. You must perform your “due diligence” by interviewing the individuals or companies to determine if they meet your needs. If you do retain their services, be sure to obtain your agreement in writing: who is responsible for what; what work is to be performed; what is not included; what is the cost.

A partnership program of the U.S. Small Business Administration and the Bill Priest Campus of El Centro College, a division of the Dallas County Community College District. Funded in part through Cooperative Agreement # 9-603001-0046-22 with the U.S. Small Business Administration. All opinions, conclusions, or recommendations expressed are those of the authors and do not necessarily reflect the views of the SBA. It is the policy of the Dallas County Community College District and Collin College that all persons have equal opportunity and access to its educational programs, services, activities, and facilities without regard to race, religion, color, sex, age, national origin, or ancestry, marital status, parental status, sexual orientation, disability or status as a veteran.

Reasonable accommodations will be made to those individuals with disabilities, as well as to clients with limited English proficiency, who request such accommodations in advance.

Materials, services or products offered by providers to SBDC clients are available as a resource for you to locate professionals who can assist you with business concerns. Making these sources available to you does not imply or constitute a recommendation or endorsement by the SBDC, but is only intended to be a convenience for you. You must perform your “due diligence” by interviewing the individuals or companies to determine if they meet your needs. If you do retain their services, be sure to obtain your agreement in writing: who is responsible for what; what work is to be performed; what is not included; what is the cost.

The Collin SBDC at Collin College is a member of the North Texas SBDC Network. Funded in part through a cooperative agreement with the U.S. Small Business Administration (SBA). Hosted by the Dallas College and nationally accredited by the Association of SBDCs. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.  Language assistance services are also available for limited English-speaking individuals.

Business Plan 101: How to Write a Business Plan

Materials, services or products offered by providers to SBDC clients are available as a resource for you to locate professionals who can assist you with business concerns. Making these sources available to you does not imply or constitute a recommendation or endorsement by the SBDC, but is only intended to be a convenience for you. You must perform your “due diligence” by interviewing the individuals or companies to determine if they meet your needs. If you do retain their services, be sure to obtain your agreement in writing: who is responsible for what; what work is to be performed; what is not included; what is the cost.

The Collin SBDC at Collin College is a member of the North Texas SBDC Network. Funded in part through a cooperative agreement with the U.S. Small Business Administration (SBA). Hosted by the Dallas College and nationally accredited by the Association of SBDCs. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.  Language assistance services are also available for limited English-speaking individuals.