A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business. It’s a way to think through the key elements of your business. Business plans can help you get funding or bring on new business partners. Investors want to feel confident they’ll see a return on their investment. Your business plan is the tool you’ll use to convince people that working with you — or investing in your company — is a smart choice.

Below are the steps we will go through in this workshop:

1. Gather costs of starting your business and review the financial model

2. Review the business plan template

3. Discuss the role each section plays in developing a comprehensive plan

4. Indicate which sections to begin with

5. Review useful tools to complete the business plan

Presented by Jennifer Adams, Director of Rural Program Development for the Alaska SBDC.