* SBDC - Your First Business Plan

This next program covers a topic that is critically important with the start-up process of a small business and can also be beneficial to existing businesses that may be ready to ramp up their efforts in order to take advantage of the future improvement of the economy. After you have proven the feasibility of your concept, limited your risk, analyzed your financials, and developed a marketing plan – how do you package all of this information together so you can really get your business started?
 
Our team of expert advisors enjoy working with people who are ready to get their businesses started. Developing a winning business plan can be invaluable as a management planning tool. It can also be modified to be used as a loan proposal that is presented to bankers or investors. The business plan becomes the blueprint that an entrepreneur can follow to avoid the pitfalls that await every small business owner. This program is designed to guide the participants on a step by step journey to develop a thorough and comprehensive Business Plan. It will reduce the difficulty of this extremely important process.
 
Topics that will be included are:
• What a banker looks for in a business plan
• Defining the business
• Describing the target markets
• The marketing/advertising program
• Projected balance sheets
• Projected income statements
• Projected cash flow projections
 
The business advisors for this presentation each have many years of experience in advising small business owners in assisting them to develop business plans. Ample time will be provided for questions from the audience.
 
 
SPEAKERS:
JOSEPH GRIMALDO, CPA, Accountant, O’Connor,
Maloney & Company, P.C., Worcester, MA
DAVID PEREZ, VP Commercial Lending, Bay State Savings Bank,
Worcester, MA
MICHAEL HOLBROOK, Senior Management Counselor,
Small Business Development Center, Clark University, Worcester, MA
TIME: 8:45 a.m. - 12:00 noon
PLACE: Clark University, Grace Conf. Room, Higgins Univ. Ctr.
Sponsored by Bay State Savings Bank and United Bank