1. Business Planning Basics

2. Time to start? Expand? Uses of the plan –Internal –External

3. The Big Picture Many names/formats, same 3 parts –Market Components –Organizational Components –Finance Components

4. Market Section Tips Market Competition (Supply) –Direct –Indirect –Future Customers (Demand) –Realistic, current, credible data Secondary Data Primary Data

5. Organizational Section Tips Focus on roles, not individuals Don’t overlook risk mitigation Advisory board Rely on Market Section data

6. Finance Section Simple but clear Accurate Uses –Benchmark –Dashboard –Budget (Cash Flow Projection) Resources Supported by Market Section data

7. How to Use the Plan Involve team in process Update frequently Provide to funding sources in advance of request

8. Contact Alan K. Christensen (Ephraim) (435) 283-7372 Keith Church (Richfield) (435) 893-2252 www.SnowCollegeBusiness.com