500 W. Madison St., Suite 1150 Chicago, IL 60661

9:00-11:30 Developing A Winning Business Plan - 10/8 C0004

Sponsored by 

Tuesday, October 8, 2019 from 9:00 AM to 11:30 AM


A Business Plan is an important document for raising start-up capital, helping you to monitor progress and achieving your goals. When done correctly, it is a "living" document and tool that will help you manage the business beyond start-up. We will help you prepare a realistic plan that will document your vision, goals and strategy. No business should be started or maintained without a plan. The key is an understanding of what should be included and how to capture the reader's interest in a concise but interesting way.  In addition to developing a successful  business plan, the presenters will help you understand the financial statements and how they relate to risk and performance. You’ll also be educated about the SBA qualifications and how to overcome the underwriting obstacles. 

  • Establish the information needed for a detailed Business Plan.
  • Create the environment of the company, product or service that will be the basis of the business plan; identify the operations, marketing approach and financial Implications.
  • Establish pro forma P&L statements, utilizing three revenue scenarios—aggressive, modest and slow revenue growth.
  • Identify the risks you’ll face within each pro forma P&L statement; select the most likely growth scenario.
  • Develop the expected cash flow from the chosen growth scenario, loan needs and expected payback to investors/yourself.
  • Prioritize your action steps, recognizing those that are absolute musts, very important and less important. In essence, you’re creating a time line/calendar for the tasks you’ll undertake to accomplish your growth  objectives.
  • Create your Plan and the last critical item, the Executive Summary; note - this summary must portray your view of the business opportunity as positive, enthusiastic and succinct  

Presenter: Michael Knazur joined Ridgestone Bank in January 2012 as part of its SBA Commercial Lending team. He brings 15 years of commercial lending experience to Ridgestone Bank, having served in senior credit positions at commercial financial institutions throughout the Chicago area. Knazur has provided financing solutions and counseling to small businesses in the Chicago area and Northwest Indiana, with an emphasis in manufacturing and distribution. Knazur has been very successful assisting these businesses with SBA’s new CapLine loan program.


Add to Calendar 

Driving Directions