Preparing a Business Plan and Financial Statements 

 business plan is a tool for thinking more clearly about your business idea. It helps you stay organized and on track, gain a better understanding of your market, confirm that your financial model is realistic, and create a long-term vision and strategy. The presenters will introduce you to the essential elements for preparing a plan for business success. They will identify content and format for a business plan--including sources of information to aid in the development of your business plan and how to read and use basic financial statements.  A business plan is one piece of information that potential lenders, incubators, investors, and economic development organizations will want before making a decision to loan money or invest. You should understand that a business plan is also a valuable internal tool, even when not required for the benefit of investors or loan officers. A business plan may force you to think about your idea in new ways and to question the validity of your product/service target markets. It can serve as a guide or benchmark to allow you to track your progress and to stay committed to your long-term goals. If you have partners, it can help avoid misunderstandings. It will help you to better describe and to speak more concisely about your company. All these elements of a business plan can contribute to successful implementation of your business idea.

Speaker:  to come