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diigo rss . new client reply > fqzw tag 22.wk category . bized* needs viewing . scoreActive

biz101 . bizPlan . bizStartup . bizVolusia . bizOps . bizMoney bookkeeping cashflow . Cybersecurity bizCyber . ecommerce notes bizecom . bizDev social marketing . bizFunding . bizGrants . bizTaxes . bizWomen . bizVets . bizMWBE minority women . scoreMentoring track of searches for clients . bizTips fail succeed . timemangement . bizLife . scoreClient client websites . scoreResource services support . bizNews updates changes press . bizStory podcasts blogs . bizEd webinars training instruction .bized* need to review . bizTools . nonprofit .

bizskills . Howto activities guided practice . seo stan . Social media . Ask imagine plan do improve. Website .

online workshops

If you would like a guided online self-paced "workshop", we have 2 suggestions.

  • Startup Roadmap - a collection of SCORE resources and suggested activities that you can view and review. Your SCORE mentor can work with you one-on-one through any of these steps. Do all the activities in the sequence provided or pick and choose the modules that you need to work on.
  • Kauffman FastTrac® teaches early-stage entrepreneurs how to launch their businesses. Access content, templates, and tools through five modules of the entrepreneurial journey. By the end of the series, you will have developed a thoroughly researched and tested business plan.
    FastTrac Course Overview - Start making your idea a reality. Position your idea in the market, understand your customers, and solidify your business model. Ensure your finances are in order. Plan for launching, leading, and growing your business. This flexible online self-paced course is designed to provide information, tips, exercises, and tools to help you refine your business concept. SIGN UP

startup

Here are some resources that will be helpful.

SCORE maintains an extensive resource library and offers live workshops on a wide range to topics.

  • Volusia Business Resources - Which Stage Describes Your Business? . Start . Grow I have customers buying my product or service at a level where my company is gaining traction. . Thrive The demand for my product or service has created profitability to a point that I am ready to expand.
    https://www.volusiabusinessresources.com

business planning

How To Write A Business Plan and Avoid Getting Stuck - talks about Business Model Canvas ( :00 - 20:00) as a planning tool and basic reality check for any business idea. Then goes into a more formal business plan based on SCORE templates.

The Business Model Canvas - 9 Steps to Creating a Successful 1-page business plan

This 1-page business plan is a great thinking activity. Use this for help deciding what business ideas could be viable. Operational businesses use this model to generate quarterly summaries to review current business status and for planning. Examine new (and old) target markets, revenue sources and partner relationships. Describe, design, challenge, invent, and pivot your business. Get started with an overview of your business. Make some notes and we can go over this together.

  • the-business-model template - attached
  • business-model-canvas.pdf

Also

  • Checklist Volusia Startup.pdf - extensive list of decisions associate with business start, some specific actions
  • Volusia How to Start a Business.pdf - county specific business registration

Please email me if you have any questions. When you are ready, we can schedule a followup meeting.


Some additional business planning guides. Depending on the current state of your business, it may be appropriate to consider some other aspects of your business that are highlighted here.

  • Comprehensive SCORE Business Plan template - includes easy-to-follow instructions for completing each section of the business plan, questions to help you think through each aspect, and corresponding fillable worksheet/s for key sections.
    https://www.score.org/resource/business-plan-template-startup-business
    . Executive Summary . Company Description . Products and Services . Marketing Plan . Operational Plan . Management and Organization . Startup Expenses and Capitalization . Financial Plan . Appendices include documents that supplement information in the body of the plan. These might be contracts, leases, purchase orders, intellectual property, key managers’ resumes, market research data, or anything that supports assumptions or statements made in the plan.
  • From Idea to Business Plan in Less Than 3 Hours | SCORE https://twincities.score.org/idea-business-plan-less-3-hours going from a business or product idea to writing a business plan? Ever had difficulty visualizing how all the parts fit together? If your answer is “yes”, this workshop is for you! Come with... [recorded webinar 2 sessions]
  • One Page Business Plan Worksheet - from SCORE webinar * A Step-by-Step Approach to Writing a One-Page Business Plan https://www.score.org/event/step-step-approach-writing-one-page-business-plan similar to Business Model Canvas - 8 questions. Actions for 3, 13 and 36 months How to create a one-page business plan to guide the direction and growth of your company Eliminate distraction...
  • One Page Business Plan Worksheet - another business plan format - attached





Tech startup resource

Groundswell Startups - Melbourne, FL Groundswell is a give-first non-profit that cares a lot about our community. Our high-tech office space provides all you need to get your business up and running. Here, you'll find a quiet, open workspace with numerous amenities to conduct your business.


SCORE templates

SCORE Business Planning & Financial Statements Templates Gallery

CyberSecurity

The Small Business Guide to Cybersecurity | SCORE download 8pg .pdf - "Why cybercrimes are growing during the covid crisisWhy employees are often the weak link in your business’s defenses—and how to empower them to be more diligent.What additional layers of...

Cybersecurity | SCORE Webinar - To conduct business in today’s world, we are becoming more and more reliant on the internet, electronic commerce, and communicating electronically. This is even more pronounced where employees ar...

bizCyber

Money & Women

Women Business Grants - bizWomen & bizGrants

<rss date="" max="8">http://www.diigo.com/rss/user/vtaylor/bizWomen,bizGrants</rss>


bizGrants - all grants

<rss date="" max="8">http://www.diigo.com/rss/user/vtaylor/bizGrants</rss>


bizFunding - mostly loans

How to Influence Bankers and Investors - Seal the Right Deal for Your Business

The questions every “money professional” will ask and where to find the answers in advance. How to prepare for the conversation - the data you need to have at your fingertips before going into the meeting

<rss date="" max="8">http://www.diigo.com/rss/user/vtaylor/bizFunding</rss>


bizWomen - Women in Business

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video 16min examples of business models and revenue https://www.youtube.com/watch?v=CakUeC1sCSs - another version of the explanation, more academic

banking / lendors

  • Truist
  • Florida First Federal
  • BB
  • information


web sites / domains


SCORE Volusia/Flagler

  • * SCORE Volusia/Flagler Workshops calendar https://volusiaflagler.score.org/content/take-workshop-285 workshops - coming events The Volusia/ Flagler SCORE chapter offers many workshops each month. Currently, these are online. Many are recorded and can be viewed later if you miss the "live" event.


SCORE


Volusia


Flagler


Florida


US Gov advice and guides

Funding

  • Small Business Loans and Lines of Credit | Truist . Truist offers loans secured by additional collateral types, which are not disclosed here but are available through our branch network.Line of credit. Access to money—whenever you need it. Manage...
  • Florida First Federal

more


Veterans

Veterans’ Resource page from SCORE: https://www.score.org/resources-veteran-entrepreneurs

UPCOMING Veteran Specific SCORE Workshops:

Do you have what it takes to be a business owner? Veteran Entrepreneur Workshop Online - June 2, 2022, 12:00pm EDT - Hosted by SCORE SC Lowcountry

Franchising Opportunities for Veterans Online - June 16, 2022, 10:00am PDT - Hosted by SCORE Central Valley

Developing Your Business Plan. Veteran Entrepreneur Workshop 2022 Online - June 23, 2022, 12:00pm EDT - Hosted by SCORE SC Lowcountry

SCORE Blog from March 2022 - 6 Resources for Veterans Starting Small Businesses

https://www.veterati.com/ is a Veteran Mentorship Platform kind of like us, but only for veterans and their families.


Daytona State Small Business Development Center https://www.daytonastate.edu/in-the-community/small-business-development-center/index.html


basics - overview product service customers you

. existing hobby > business . 3 Steps to Formalizing Your Hobby Business

. idea, passion, skill, goal > new business

. what do you want? money? prestige? fame? leave a legacy? freedom? what do you want? money? prestige? fame? leave a legacy? freedom? Uncommon Sense . no plan survives first contact with the customer . solve a problem ask listen learn

. SCORE One Page Business Plans: Simple and Highly Effective https://www.score.org/event/one-page-business-plans-simple-highly-effective . webinar

. Developing a Strategy: The Business Plan . formal, extensive description, strategy


legal, government, regulation

. permits . tax receipts . register city, country . $$ annual some exemptions veterans disability

. license . department professional . professional

. zoning . no employee . evidence of use . 20% or less of home . uses defined by city county

. gov economic development free help information


registered agents

. Florida LLC Registered Agent │What Is It & Who Can Be One?


LLC expenses, owner pay, taxes

. How To Pay Yourself (And Taxes) in a Single Member LLC (video 10:00) . How do I pay myself as an LLC owner? . How do LLC owners pay taxes? . Which tax return form do I file for my LLC?"

. How to Pay Yourself as an LLC Owner (video 9:00) . How to Pay Yourself as a LLC . How Taxes Work for LLC Pay . How MUCH to Pay Yourself

. Publication 535 (2020), Business Expenses . common business expenses and explains what is and is not deductible. The general rules for deducting business expenses are discussed in the opening chapter. The chapters that follow cover specific expenses and list other publications and forms you may need.

. If you withdraw funds from one of your business accounts for personal expenses, record it as an owner’s draw, or reimburse the business. And vice versa—if you put personal money into your business, be sure to put it in writing. . 3 Steps to Formalizing Your Hobby Business

money - bookkeeping, banking, credit, loans, grants

. 3 Steps to Formalizing Your Hobby Business . If you withdraw funds from one of your business accounts for personal expenses, record it as an owner’s draw, or reimburse the business. And vice versa—if you put personal money into your business, be sure to put it in writing. . If getting a business credit card isn’t feasible, you might designate a separate personal card (either credit or debit) for your business expenses. . record all financial transactions, from bank deposits to bills. This information will help you to create profit and loss statements (which summarize your business’s performance over a period of time) and balance sheets (which show your company’s financial health on a specific date).

. wave - free / pay

. funding . BusinessTown . bootstrapping, crowdfunding, angel investors, family and friends.... . - Government grants - University funding - Alternative banks - Family investment offices - Startup business plan competitions - Sponsorship events - Startup accelerators - Customer financing - Advance product sales - Supplier financing - Employee financing - Equipment and vehicle leasing - Home equity loans - Credit cards - Strategic corporate investors


Ongoing

. learning experience . something new everyday . SCORE Volusia Flagler updates webinars articles . score.org searchable resources . associations chambers community . books blogs YouTube podcasts . courses


bizops - operations, money, bookkeeping, employees, taxes, business services, legal

. financials . income statement / profit and loss statement . balance sheet, which is a snapshot picture of the financial situation of a business at any one point in time, including all assets and liabilities. . “pro-forma” / “future” income statements and balance sheets . cash flow projections when cash will be flowing in and out

. emergency fund . insurance


. legal . 10 Legal Steps Every Small Business Should Take – Small Business Legal Toolkit

. transition to s-corp . profitability ($40—$50k a year is a very rough estimate), applying for S-corp taxation may help to minimize your self-employment tax burden. . 3 Steps to Formalizing Your Hobby Business


bizdev - marketing, promotion

. reach your target market . goal . budget message channel creative . selling . inform prospects about your great product or service that you believe could truly help them

. SCORE Volusia / Flagler . calendar


. Small Business Development Center @ Daytona State . Select the Idea (video 9:00) . Test the Market . Access Capital . Write a Business Plan . Understand Legal Requirements (video 30:00) . Putting it All Together . Concept Plan


. government contracting, procurment

biz plan w's

The Business Model Canvas is comprised of 9 key segments:

The middle section describes the business offering and is the value delivered to different customer segments.

  • WHAT & WHY - Value Propositions: The collection of products and services your business offers to meet the needs of its customers. A company's value proposition is what distinguishes it from its competitors. The elements could be newness, performance, customization, "getting the job done", design, brand/status, price, cost reduction, risk reduction, accessibility, convenience, usability.

The value propositions may be:

  • Quantitative – price and efficiency
  • Qualitative – overall customer experience and outcome


The right hand side of the Business Model Canvas describes the customers, how you deliver services and the relationships you have with your customers.

  • WHO - Customer Segments: To build an effective business, identify which customers you are serving. Be specific. Customers can be segmented based on the different needs and attributes to ensure appropriate implementation of strategies that meets the characteristics of selected group of clients.
  • HOW - Channels: A company can deliver its value proposition to its targeted customers through different channels. Effective channels will distribute a company’s products and services in ways that are fast, efficient and cost effective. Will you reach clients through your own channels (store front), partner channels (major distributors), or a combination of both.
  • Customer Relationships: To ensure the survival and success of any businesses, companies must identify the type of relationship they want to create with their customer segments.


The left hand section of the Business Model Canvas is the Infrastructure (business operations) section and comprises three key areas:

  • HOW - Key Activities: The most important activities in producing / delivering your product / service.
  • WITH WHAT - Key Resources: The resources that are necessary to create value for the customer.
  • WITH WHOM - Partner Network: In order to optimize operations and reduce risks of a business model, organization usually cultivate buyer-supplier relationships so they can focus on their core activity. What will you provide? What will be acquired or provided by others?


The bottom section describes the finances.

  • HOW MUCH - Cost Structure: This describes the outgoing money - costs, operating expenses
  • SO WHAT - Revenue Streams: The way a company makes income from each customer segment.


2022.11.21 revised

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