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Looking for a SCORE Mentor in Boston? Click here: https://www.score.org/boston/local-mentors. Thank you!

Presented by: Dennis Welch, Frandsen Bank & Trust

Review sales and prices, financial risks and rewards, true startup costs, ongoing operating expenses, setting benchmarks for tracking progress and organization of all your financial information. Discuss how to finance your business, accounting, banking relations and monthly preparation and review of financial statements.

Review your understanding of business concepts and gain step-by-step guidance in researching your idea, market and competition. Identify your target markets, describe your products and services and collect key competitive information to support a feasible plan.

Review your understanding of business concepts and gain step-by-step guidance in researching your idea, market and competition. Identify your target markets, describe your products and services and collect key competitive information to support a feasible plan.

Simple Steps is a four part series convering the following topics for starting a new business.

Startup Basics - Test a business idea and identify the key factors that influence startup success. Gain an overview of the skills and tools needed when deciding to start a business, advantages and disadvantages of owning a business, the most profitable form for specific businesses and the fundamentals of formation, organization, marketing, cash flow and funding sources.

If you are still at the idea stage for your future business, you might consider using the Business Model Canvas as an easier way to get started before you write a Business Plan.

The Business Model Canvas is a one-page graphical way to get necessary elements of a successful business down on paper that you might find very useful.

This SBA Guide is a tool that will help you learn about the SE Michigan Small Business Association (SBA) and how it can help provide financing capital for your business