SCORE: How to Develop Your Business Idea Before You Start Your Business Plan

Event description

Do you want to start a business but not sure if your idea is feasible? Or do you need help gathering your thoughts into a viable business idea and business model?

During this hands-on workshop you will learn the essential steps of developing and evaluating your business idea, including:

• What are your options for going into business 
• How to turn your business idea into a reality
• How to conduct preliminary research
• Use a one-page tool in the workshop to evaluate 8 aspects of your company, including customer, cost, pricing and marketing

Key Topics:

• Common traits and characteristics of entrepreneurs.
• Advantages and disadvantages of starting a business on your own, buying a franchise or buying an existing business.
• How to come up with an idea for a product and/or service
• Develop your business idea in 8 steps.
• The value and purpose of a formal business plan.

Learning Outcomes:

• You will be able to compare your personality traits, strengths and weaknesses with those of successful entrepreneurs.
• You will learn the advantages and disadvantages of starting a business on your own versus buying a franchise versus buying an existing business and why it is important to consider all three options.
• You will learn how to develop your business idea into a business model and determine if it is feasible.
• You will hear why it is important to prepare a formal business plan if you decide to proceed and an overview of what that plan should include.