Abilene Chamber of Commerce issued the following announcement on Dec. 7
Do you have an idea for a business, but just don’t know where to start? Or perhaps you already have a business, but feel you are sort of “wingin’ it”? If you answered “yes” to either of these questions, then mark your calendar for Thursday, Dec. 10 at 11:00 am. To celebrate December being National Write a Business Plan month, America’s Small Business Development Center (SBDC) at Texas Tech will be hosting a FREE webinar to walk you through the process of writing a business plan.
COVID-19 might have disrupted many areas of our lives this year, but one thing it did not take away was the entrepreneurial spirit of Americans.
According to businessinsider.com, there was a record increase in applications for new businesses in the US in the last year. New applications for an employer ID in the US “reached 1.1 million through mid-September, a 12% increase over the same period last year and the most since 2007,” according to an analysis of US Census Bureau data by The Wall Street Journal.
This amount of new business creation is awesome, especially during a worldwide pandemic! However, not all these new businesses will survive. Let’s be honest – starting a business is inherently risky. Roughly half of startups survive long enough to hit the 5-year mark, according to the US Small Business Administration.
What is one way you can mitigate those risks? You guessed it – write a business plan!
Taking the time to write a business plan is an important step to ensuring you are on a path to success. After this week’s webinar, I encourage you to reach out to America’s SBDC at Abilene and set an appointment with them. They provide no-cost face-to-face business consulting and at-cost training on a variety of topics.
If I haven’t convinced you yet, then here are 5 reasons from the U.S. Small Business Administration on why you need a business plan:
- It will help you steer your business as you start and grow.
- It’s not as hard as you think.
- It will help you to reach business milestones.
- It can help you get funding.
- There’s no wrong way to write a business plan.
Now that I have convinced you to write a business plan, let’s start with the first step. Sign up to attend our webinar by clicking HERE. Also, visit the event’s Facebook event and RSVP to let us know you’ll be there. I promise you won’t regret it!
Original source can be found here.
Source: Abilene Chamber of Commerce