Preparation is key to the success of any business venture. Whether you are starting a new business, growing an established business, or launching a new product or service, planning is critical. This seminar provides an overview of two approaches to business plans and the steps necessary to develop those plans.

Topics include:

• Business success factors
• Business Model Canvas for an informal plan
• Five minutes, three crucial sections
• Sources for evaluating the industry, market and competition
• Target market identification
• How to develop basic financial projections
• Debt and equity funding options
• Successful writing techniques that appeal to lenders/investors
• Using the plan to manage your business

SBTDC clients receive access to LivePlan for 90 days (Paid for through funding from the Missouri Small Business & Technology Development Centers) . Please contact the SBTDC office about becoming a client at 417-837-2617 or email sbtdc@missouristate.edu .