Penn State seminar to offer next step to business success

University Park, Pa. – Trying to start a new business venture without an actual business plan is like driving with a blindfold on. A good business plan allows an owner and potential investors to envision a direction for success. The Penn State Small Business Development Center (SBDC) will hold a public workshop, The Second Step: Writing a Business Plan, 9 a.m.-noon on March 30 in the 329 Building located in Innovation Park at Penn State.

The SBDC workshop is designed for community members, students and staff who already have a business idea and are interested in the next steps. Attendees will leave with a greater understanding of how to write a business plan and why every business needs one.

“Without a business plan, how do you know what progress you have made, what problems may be brewing, if you do not have a road map?“ said Linda Feltman, senior business consultant for the Penn State SBDC. “You need parameters to benchmark your business to see when things are on track and when they are about to be derailed.”

The workshop also will offer information on topics like creating a mission statement, determining funding needs and identifying target market(s). The seminar is interactive and participants are encouraged to apply the concepts they learn to their new business idea.

“A business plan can be a tremendous help to make sure the business is fulfilling the original vision and if not, why not,” Feltman added.

After the Second Step workshop, entrepreneurs are then able to take classes that are more specialized to the focus of their business concept, such as low budget, high impact marketing and government contracting.

The Second Step program is recommended for participants who have already taken the First Step of Starting a Business. The next First Step workshop will be offered on April 6.

The cost of enrollment for The Second Step seminar is $40 per participant. Preregistration is required. Anyone interested should e-mail sbdc@psu.edu or call 814-863-4293.

For a list of upcoming seminars and events, visit www.sbdc.psu.edu/calendar.htm online.

The Second Step seminar is sponsored by SPE Federal Credit Union.

About the Penn State Small Business Development Center (SBDC)
The SBDC is part of a nationwide network of more than 1,000 centers. The Penn State SBDC provides free business assistance to small firms and business start-ups in Centre and Mifflin counties, enabling them to compete and grow in today’s highly competitive global economy. Penn State SBDC is part of Penn State Outreach, the largest unified outreach organization in American higher education. Penn State Outreach serves more than 5 million people each year, delivering more than 2,000 programs to people in all 67 Pennsylvania counties, all 50 states and 114 countries worldwide.

 

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Last Updated March 25, 2010