Building a Business Plan – New SBA Online Tool Can Help You Get Started

AppId is over the quota
AppId is over the quota

Having a business plan is a must for small business owners, but finding the time to put pen to paper often means putting them on hold until the very last minute, such as right before that big meeting with a loan officer or bank manager.

But business planning does not have to be that way.

Every smart entrepreneur and business owner should already have a firm grasp of key information about their business and on what will influence the path they take and decisions they make over the course of 1-3 years.

Putting this information together into a concrete plan is essential if you want to secure a business loan or outside financing, of course.  But the planning and mental exercise of writing it down is just as important to the success of your business. Writing a plan will not only help you succeed, but it will open your eyes to what it’s going to take to get there.

One of the big challenges for smaller businesses is actually building a business plan. What format should it take? What numbers should you pull together to demonstrate that you have a rock solid financial foundation?

SBA has just launched a new online tool that can help.

“Build a Business Plan” Online Tool

To simplify the process, SBA has just launched a new “Build a Business Plan” online tool that guides small business owners through the process of creating a basic, downloadable business plan. The great thing about this tool is you can build a plan in smaller bites, save your progress and return at your leisure.

To use the tool, you’ll need to be a member of the SBA Community (register here) and then log in. The tool offers a tab-based step-by-step guide that lets you enter information into a template for each section of the business plan, including market analysis, company description and financial projections. The tool is secure and confidential and will keep your plan on record for up to six months. You can also save, download or email the plan at any time.

Discuss Your Plan with a Small Business Advisor

Don’t forget: you can also use your completed business plan to discuss your next steps with a mentor or counselor from an SBA resource partner such as SCORE, a Small Business Development Center or a Women's Business Center.

Then be sure to keep your plan fresh, revisit it, and measure progress against it. As your business grows, your plan – and your benchmarks for success – will grow with it. 

Related Articles

Caron Beesley is a small business owner, a writer, and marketing communications consultant. Caron works with the SBA.gov team to promote essential government resources that help entrepreneurs and small business owners start-up, grow and succeed. Follow Caron on Twitter: @caronbeesleyTags: Community Blogs, Small Business Matters, Financing, Managing, Mentoring and Training, Starting

View the original article here

4 New SBA Online Tools That Can Take Your Small Business to New Levels

AppId is over the quota
AppId is over the quota

by Caron_Beesley, Community Moderator

Created: November 29, 2012, 7:08 amUpdated: December 4, 2012, 11:59 am

The old adage “time is money” is perhaps one of the most pertinent statements that you can apply to small business owners. Whether you’re starting a business or managing a growing one, entrepreneurs and business owners wear many hats and have many questions:

What laws and regulations apply to my business?How do I start to write a business plan?Where can I get help with X, Y and Z?

Many of us invariably turn to our networks and the Internet to find answers. But how can you trust that the information you are getting is truly applicable to your business and, let’s face it, even accurate?

As part of its mission to help business owners start, succeed and grow, SBA, through the SBA.gov website has developed numerous online tools and guides to help small businesses get information and answers they need quickly and efficiently. For example, these 10 Steps to Starting a Business and these 10 Steps to Hiring your First Employee guides are essential reading. SBA Direct is another useful tool that personalizes business owners’ experience on the SBA.gov website. Then there are the Licenses and Permits Search Tool and the Loans and Grants Search Tool.

New Online Tools to Help Business Owners Plan, Manage and Grow

Over the past couple of months, SBA has expanded its capacity and selection of tools and information business owners need by developing a whole range of new online features! Check them out:

1. Get to Know Your Market and Competition Better with the SizeUp Tool

Want to know how your business stacks up against the competition? Where your potential competitors are located? Where the best places are to advertise your business? These are all critical inputs for your business plan and can also help back up any financing applications.

Now with the new SizeUp tool you can crunch millions of data points and get customizable reports and statistics about your business and its competition. Just enter your industry, city, state and other details. SizeUp then runs various reports and provides maps and data related to your competition, suppliers and customers. It also highlights potential advertising opportunities.

2. Build a Business Plan Tool

Business planning can seem a daunting task, but it doesn’t have to be that way. To help you plan and steer your business, this new “Build a Business Plan” tool guides you through the process of creating a basic, downloadable business plan. The great thing about it is you can build a plan in smaller chunks of time, save your progress and return at your leisure.

To use the tool, simply log into SBA.gov (registration is free, sign up here) and enter information into a template for each section of the business plan including, market analysis, company description and financial projections. The tool is secure and confidential and will keep your plan on record for up to six months. You can also save, download or email the plan at any time.

3. Size Standards Tool –Find Out Fast if You Qualify for Government Contracts

In order to be eligible to sell to the government and compete for small business “set-aside” contracts, business owners had to rummage through various rules and matrices to find out if their business is truly “small” according to SBA size standards. Now, with this new Size Standards Tool, you can follow three simple steps to cut through the guesswork and quickly find out if you qualify for government contracting opportunities. SBA also offers other resources including government contracting training courses, and guides to help you register as a contractor.

4. Events Calendar – Locate Business Training and Seminars

SBA and its partners, including Small Business Development Centers, Women’s Business Centers, and SCORE, hold hundreds of small business training seminars and workshops across the country. Until now, there was no single repository for these events. Now, with SBA’s Events Calendar, you can quickly find and sign up for training. Enter a date range and/or zip code to locate events in your area. Results are filtered by topic such as “starting a business,” “managing a business,” “business planning,” and “financing a business.”

Tell us what you think about the new tools below. You can also Tweet @SBAgov or post your feedback on the SBA Facebook page.

Caron Beesley is a small business owner, a writer, and marketing communications consultant. Caron works with the SBA.gov team to promote essential government resources that help entrepreneurs and small business owners start-up, grow and succeed. Follow Caron on Twitter: @caronbeesleyTags: Community Blogs, Small Business Matters, Government Contracting, Managing, Marketing, Mentoring and Training, Starting

View the original article here

Let’s Celebrate National Small Business Week – Together, Online and in your Community!

AppId is over the quota
AppId is over the quota

SBA is gearing up for National Small Business Week, June 17-21. This year we are taking the show on the road offering educational panels and workshops on topics like how to start business, social media 101, how to protect your business against cyber security threats, how to start exporting, just to name a few.

The week will kick off in Seattle on June 17, followed by events in Dallas, St. Louis and Pittsburgh. We’ll end the week in Washington, DC were we will honor small businesses from across the United States and culminate in the announcement of the National Small Business Person of the Year.

Check out the full conference schedule here.

Hang Out with SBA and Industry Experts

As part of National Small Business Week, SBA will host a series of Google+ Hangouts which will be  streamed live at www.sba.gov/smallbusinessweek, http://www.youtube.com/sba, and http://plus.google.com/+sbagov. All Hangouts will start at 4pm ET. Topics and panelists include:

Panelists from Twitter, Constant Contact, W20 Group and Google will hang out.  Bill Murphy Jr.,  author and columnist for Inc.com will moderate the Hangout.

Panelists from Yelp, LinkedIn, OpenSky, Dun and Bradstreet Credibility Corp., Google and Manta will hang out. Rieva Lesonsky, CEO of GrowBiz Media will moderate the Hangout.                  

Panelists from the SBA's Office of Entrepreneurial Development, America's Small Business Development Centers, and Women’s Business Centers will hang out.  Fran Tarkenton, NFL legend and entrepreneur will moderate the Hangout.

Panelists from Wells Fargo, SCORE, SBA Office of Capital Access, and SBA loan recipient Ninkasi Brewing Company will hang out.  Calvin Goings, SBA regional administrator will moderate the Hangout. 

How can you get Involved?

You can still register for events in St. Louis, and Washington, DC.  If you can't travel, you can still take part by joining live streaming webcasts of all events and Hangouts as they happen (keep an eye on the event website and follow SBA on Twitter and Facebook for more details as the event approaches).  If you are tweeting, the official hashtag is #SBW2013.

Hi, my name is Natale and I'm serving as a Moderator for the SBA Community. Our goal is to continually improve this site to meet your needs, so we appreciate your feedback and participation.Tags: Official SBA News and Views, Open For Business, Financing, Managing, Mentoring and Training, SBA News and Views, Starting

View the original article here