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How to Create an Effective Business Plan UNT in partnership with TEA, Copyright © All rights reserved.

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Presentation on theme: "How to Create an Effective Business Plan UNT in partnership with TEA, Copyright © All rights reserved."— Presentation transcript:

1 How to Create an Effective Business Plan UNT in partnership with TEA, Copyright © All rights reserved.

2 Research the Business Plan Community, Government, and Professional Resources –Small Business Administration (SBA) –Small Business Development Centers (SBDC) –Service Corps of Retired Executives (SCORE) UNT in partnership with TEA, Copyright © All rights reserved 2

3 Community, Government, and Professional Resources Chamber of Commerce Trade Associations Professional Consultants Financial Institutions UNT in partnership with TEA, Copyright © All rights reserved 2

4 Print Resources Books Magazines Government Documents SBA Publications UNT in partnership with TEA, Copyright © All rights reserved 4

5 Online Resources Websites –SBA www.sba.gov –SBDC www.sba.gov/aboutsba/sbaprograms/sbdc/index.html –SCORE www.score.org UNT in partnership with TEA, Copyright © All rights reserved 5

6 Mistakes in Business Planning Unrealistic Financial Projections An Undefined Target Market Poor Research Ignored Competition Inconsistencies in the Business Plan UNT in partnership with TEA, Copyright © All rights reserved 6


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