Join us, McLennan SBDC, and BBVA Compass as we guide you through small business ownership.
What We’ll Cover:
A business plan tells the entrepreneur’s “story” in a simple, concise way. After reviewing the plan, the reader should understand exactly what business you are in, its legal entity, and what differentiates your business from its competitors. During this session, discover how to craft an executive summary that is a snapshot of your business plan as a whole and touches on your company profile and goals. This session will also cover how to develop a Business Owner Resume and conduct market research and industry analysis.
Business Financial Statements
You’ll learn the three most important financial documents: balance sheets, profit and loss statements, and cash flow reports. At the end of the workshop, business owners will be able to prepare or work with a professional to prepare these documents for their businesses.
Credit Scores & Reports
You’ll learn what a credit score is, its importance, and how to read a credit report. Business owners will also learn the tools to maintain a healthy credit score and repair bad credit.
Access to Capital
We’ll provide you with an overview of access to capital to ensure you understand the community resources available to help your business grow. This session will highlight loan products, questions to ask your lender, the 5 C’s of credit, and how loan processes work. We’ll then review the types of documentation lenders need to underwrite a loan and show you how to build or obtain those documents.
No two businesses are the same, and we’ll work with you to build a roadmap for success. We’ll review the needs for credit recovery, business plan assistance, business financial advising, access to capital, certifications, and other next steps you’ll need to build your business.