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Presentation by: District of Columbia Small Business Development Center A Strategic Approach to Achieving “World Class Business Results” for Small Business.

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Presentation on theme: "Presentation by: District of Columbia Small Business Development Center A Strategic Approach to Achieving “World Class Business Results” for Small Business."— Presentation transcript:

1 Presentation by: District of Columbia Small Business Development Center A Strategic Approach to Achieving “World Class Business Results” for Small Business Owners (existing businesses)

2 Small Business Owner Goals Typical Goals for Results-Driven Small Business Owners:  Achieve good financial performance (costs and profits)  Achieve good sales and market performance (sales & market share)  Achieve excellent customer satisfaction and relationships  Develop and deliver excellent products and services to our customers  Efficiently manage our production, delivery and support processes  Maintain satisfied, well-trained and productive employees What are your top three goals for this year and next?  Goal 1  Goal 2  Goal 3

3 Obstacles and Challenges Typical Obstacles/Challenges for Small Business Owners  Having sufficient cash flow to pay business and payroll expenses  Maintaining sales targets and growth, and collecting customer payments  Keeping up with local, state and federal taxes  Providing high-cost health insurance for owners and employees  Losing market share to tough competitors  Maintaining good employee productivity and keeping up with workload  Finding good quality suppliers with affordable prices What are your top three challenges for this year and next?  Challenge 1  Challenge 2  Challenge 3

4 Do these Problems Look Familiar?

5 Auto DashboardBoat Dashboard Airplane Dashboard Would you drive your auto, boat or airplane without any instruments? Then why drive your company without a Business Plan?

6 SBDC Helps You Conduct Current Business Results Assessment Results Dashboard Evaluations OPTIMIZED SBDC SOLUTION USE BUSINESS PLANNING TO MEASURE & IMPROVE RESULTS Conduct Strategic Alignment of your strategic goals, and objectives with results targets SBDC Can Help! Assign Measures to Goal Targets Then Conduct Performance Results Reviews Utilize Action Plans & Best Practices to Drive Measures to Targets Determine funding needed in order to achieve results Review results of the Plan

7 ROI FOR SMALL BUSINESS THE DC SBDC GUIDES YOU TOWARD THESE RESULTS: –10% to 20% increase in SALES and MARKET SHARE –10% to 20% increase in JOB CREATION –10% to 20% decrease COST REDUCTION Your Big Win: Learning to Succeed by Focusing on Results!

8 WHAT SBDC PROGRAM COSTS YOU 1. Business Assessment Using Results Orientation - FREE 2. Review of Business Planning Implications - FREE 3. Revision of Strategic and Marketing Plans - FREE 4. Assisting with Initial Financial Plan Reviews – FREE 5. Assisting with Preparations for Business Loans – FREE DC SBDC Services are courtesy of the Small Business Administration and Howard University, AEDC and UDC


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