Business Planning Process

The Business Planning Process session encourages entrepreneurs to focus on planning as an essential competency of business ownership.

After completing this session, the entrepreneurs will be able to:

• Explain how an evolving planning process can help them make key decisions as business owners.
• Describe how to convert a vague idea into a resource plan.
• Explain the importance of a healthy personal credit score and healthy relationships with lenders.
• Describe how a business plan helps motivate stakeholders to understand and support their business ideas.
• Explain the benefits of creating a day-to- day action plan for running a small business.