Entrepreneurs, are you ready to take your business idea to the next level but aren’t quite sure how to go about implementing it? Are you looking for a comprehensive business seminar where you can learn everything (i.e., marketing, projections, funding etc) you need to know to become a successful business owner? If so, please join us for a special series of five (5) pre-business workshops that are designed to help entrepreneurs strategically launch their business idea. In five (5) weeks you will be given homework and offered personalized one-on-one counseling sessions as part of your process to get your business started! At the end of the series, you’ll be ready to understand your business market, and how to successfully get started. Course descriptions are listed below.
The first session is an introductory session that provides an overview of the process of reaching a "go or no go" decision about your business concept. We will explore the myths surrounding self-employment, and help participants through a self-assessment. We will discuss legal structures, bookkeeping requirements, and provide an introduction to marketing and finance.
All five sessions will be held at Arlington Economic Development (1100 North Glebe Road,Suite 1500, Arlington, VA (703) 228-0808). The sessions will start at 8:00 am and end by 10:30 am.
First Session Free: Registration Required via BizLaunch (Follow the link to BizLaunch)
The remaining four sessions dive into the details of analyzing the feasibility of your business concept.
These sessions will also be held at Arlington Economic Development (1100 North Glebe Road,Suite 1500, Arlington, VA (703) 228-0808). The sessions will start at 8:00 am and end by 10:30 am.
Session Two: “Business Concept,” Friday, April 24 - The second session involves developing the Business Concept. It includes defining the critical aspects of the business (market, competition, suppliers, etc.) and covers the ways to gather the information needed to quantify the concept.
Session Three: “Marketing Plan,” Friday, May 1 - The third session concentrates on the marketing aspects of the business. This will include factors such as: pricing strategy, competition, target markets, distribution channels, and marketing strategies for target markets (marketing message, communication tools, costs, etc.).
Session Four: “Financial Projections,” Friday, May 8 – Session Four deals with the nature of financial reports, how to interpret the information, and use it to manage your business. This will cover the Income Statement, Cash Flow Statement, Balance Sheet, Financial Diagnostics, Year End Summary, and Break-Even & Ratios. Participants will learn how to prepare pro-forma financial forecasts using a SCORE template.
Session Five: “Funding Sources and Next Steps,” Friday, May 15 - The final session will cover ways to find the funding required to get your business up and running. We’ll cover the C’s of credit, how to identify funding sources, and what to expect as you apply for bank financing.
Fee: $125.00
Time Duration: 2 hours and 30 minutes (each session) starting at 8:00 am and ending at 10:30 am.
Registration: Click on the “Register Now!” button below.You can register for the full series by clicking this link:Register Now!