Maryland Small Business Development Center

Developing an Effective Business Plan

Developing an Effective Business Plan

Start Date: June 27, 2018
End Date: June 27, 2018
Times: 2:00 PM to 4:00 PM
County/Sponsor: Corridor Region
Location: Morgan State University, Earl G. Graves School of Business; 4100 Hillen Road, Room 308, Baltimore, MD 21218
Cost: $50.00
Contact Information: 410-706-5463

A well crafted plan will act as a blueprint to build, maintain or expand your business and also be used to present your company as a viable and sustainable business entity in the loan application process. Further, a carefully written plan clearly presents each component of a business, explains how various aspects of a business integrate and coordinate, and assists business owners with finding hidden business weaknesses and opportunities. Key sections of a business plan include: an executive summary, the business description, management, employees, operations and suppliers, customer and market analysis (marketing, competition, location), plan strategy (including a SWOT Analysis), loan request and financial statements (balance sheet, operating statement, personal finances, cash flow).

Topics of Discussion:
-Key sections of a business plan
-Moving ideas from mind to paper in a clear, concise manner
-Tips on effectively presenting your plan
-How Business plans are evaluated in the loan application process.
-Presenting your plan in an integrated and coordinated manner.
-Addressing business weaknesses and opportunities.

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