North Tarrant Chamber of Commerce recently issued the following announcement.
Start: Apr 28th 9:45 PM
End: Apr 28th 11:00 PM
Location: Northeast Tarrant Chamber of Commerce
Address: 5001 Denton Highway Haltom City TX 76117
POSTPONED - Hands-On: Business Planning Master Series
HANDS-ON: BUSINESS PLANNING MASTER SERIES is designed to help you develop and complete an effective business plan for your business to guide you throughout 2020 and beyond! Each session includes workshop segments where our local experts will help you complete a section of your own custom business plan. Seating is limited to 25 participants - so reserve your seat today!
Nearly all business experts agree on one thing: the importance of business planning. Yet, plenty of companies plunge into the competitive arena without a formal plan. Why? A lot of new businesses are carried away and figure their passion and optimism are enough to build a successful company. Others say they were just too busy to develop a formal business plan. But operating without a plan can prove much more time-consuming and costly in the long run.
Business planning is essential for small and large businesses, but don’t be overwhelmed at the prospect. The basic components of a business plan are fairly simple and easy to develop!
Join Craig Hulse, Economic Director for the City of North Richland Hills, and additional experts from the Northeast Tarrant Chamber for 6 monthly Business Planning Sessions in 2020!
SESSION 1: Executive Summary
SESSION 2: Description of Company
SESSION 3: Description of Product or Service
SESSION 4: Your Market
SESSION 5: Operations Plan / Management Team
SESSION 6: Financials
Hands-On Business Planning Master Series will include instruction and group discussion on the benefits you can gain from business planning including…
•An opportunity to test out a new idea to see if it holds real promise of success
•A clear statement of your business mission and vision
•A set of values that can help you steer your business through times of trouble
•A blueprint you can use to focus your energy and keep your company on track
•Benchmarks you can use to track your performance and make midcourse corrections
•A clear-eyed analysis of your industry, including opportunities and threats
•A portrait of your potential customers and their buying behaviors
•A rundown of your major competitors and your strategies for facing them
•An honest assessment of your company’s strengths and weaknesses
•A roadmap and timetable for achieving your goals and objectives
•A description of the products and services you offer
•An explanation of your marketing strategies
•An analysis of your revenues, costs, and projected profits
•A description of your business model, or how you plan to make money and stay in business
•An action plan that anticipates potential detours or hurdles you may encounter
•A handbook for new employees describing who you are and what your company is all about
•A résumé you can use to introduce your business to suppliers, vendors, lenders, and others
The risks you take without business planning…
•Running out of cash because you haven’t anticipated all your costs
•Missing sales projections because you don’t really know who your customers are and what they want
•Losing customers because your quality or service falls short
•Becoming overwhelmed by too many options because you never took the time to focus on a mission and vision for your company
•Going bankrupt because you don’t have a rational business model or a plan for how to make money
Original source can be found here.
Source: North Tarrant Chamber of Commerce
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