Create a Simple Plan for Your Small Business
Even a basic plan of action improves your chance of success in business!
Having a plan helps you make critical decisions that determine whether you succeed or fail in a small business. Especially when you’re starting out. Spending time identifying your core customers, knowing what research is important and understanding the key resources you’ll need can make sure you’re moving your business towards profitability and growth
Unfortunately, business planning is a process that many find confusing and complicated. The format of a traditional business plan can be unfamiliar, awkward and intimidating. Knowing what information is critical for your specific business and knowing where to get that information can make the difference between a useful plan or one that ends up on the shelf ignored.
In this two-session, in-person class we will take a fresh look at how to create a business plan. One that is easy to understand and works for any small business.
You will learn an approach planning that is less confusing, shows you how to figure out what information you really need to research, and gives you the ability to make important decisions. SBDC Manager Eric Byrd will walk you through building your own simple business plan using tested tools and best practices so you can easily chart a course for success.
In Session One you will identify the 5 Elements of Your Plan and begin answering important questions about your customers, their needs/wants, your solution and what resources you’ll need to begin (or to grow if you’re already in business). This becomes the foundation of your plan. It’s critical information so you can make the best decisions and take productive actions once you launch. Also in Session One, you will discover a process to identify your core Customer(s) and what Value makes them want to buy what you offer.
In Session Two you will incorporate that information and begin defining the business model for your company. This will help you understand what will be involved in operating your business successfully. Also in Session Two, you will learn three key financial reports all business owners need to know, as well as important financial terminology to help you manage revenue, expenses and focus on profit in your business.
Throughout the process you will be able to ask questions and identify the specific information you need to have to create the right plan for your specific business.
Speaker(s): Eric Byrd, Manager, Loudoun SBDC
Fee: $0 No Cost
Two In-Person Sessions:
(Part 1) Thursday, May 11th, 2023 10:00am – 12:00pm
(Part 2) Thursday, May 18th, 2023 10:00am – 12:00pm
Both sessions will be hosted by the Loudoun County Department of Economic Development at their offices in Ashburn. Seating will be limited, so sign up early to guarantee your spot!
This is a live, in-person training event so there will be no recording of the sessions. It’s important for you to attend both sessions to get all the important information you need.
FOR INFO/REGISTRATION VISIT:
Annual Meeting & Community Leadership Awards
The Loudoun Chamber will celebrate its 56th Annual Meeting & Community Leadership Awards on Friday, January 19, 2024. We will honor top community leaders as well as celebrate the success of the 2023 Board of Directors Chair, Carol Barbe of Backflow Technology LLC. We will also welcomed in our 2024 Board and the new Chair Angela Mitchell, owner of ARM Consulting, LLC. 2023 Event Photos
On Monday, August 21, 2023, the 41st Annual Chamber Classic will be held at The Club at Creighton Farms. This event has been Loudoun County’s premier business golf tournament for four decades. The Chamber Classic offers our sponsors tremendous marketing exposure, and an incomparable day of golf on this Jack Nicklaus designed course. 2023 Event Photos
Small Business Awards
For 29 years, the Loudoun Small Business Awards have been the most prestigious honors celebrating the best small businesses, entrepreneurs and nonprofit organizations in our Loudoun community. We hope you will join us on Friday, November 10, 2023, to congratulate finalists and winners in 9 categories, including the top prize, at the 2023 Small Business of the Year. Winners are announced in front of a live audience of Loudoun’s top business and community leaders.
On Thursday, April 27, 2023, the Loudoun Chamber honored 118 of our community’s real life heroes, including several truly heroic citizens, for their courageous, often lifesaving actions at the 38th Annual Loudoun County Valor Awards. Plan to join us next year with Loudoun’s top business and community leaders for this proud Chamber tradition, as we demonstrate respect and appreciation for these dedicated public servants and their selfless acts of heroism and service. Stay tuned for 2024 information. Event Photos