Entrepreneurship Program Overview--access to capital to start/grow a biz

Entrepreneurship Program Overview–access to capital to start/grow a biz

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Date(s) - 11/08/2020 - 10/08/2021  10:00 am - 10:30 am Register | Book

Event Information

The IIMFL Entrepreneurship Program assists entrepreneurs reach their potential through a simple four week process. Join us to learn more.
Entrepreneurship Program Overview--access to capital to start/grow a biz

FOUR WEEK PROCESS DESCRIBED

Week One:

Educational Topic: Planning For A Successful Business

Implementation Step: Create a lender-compliant business plan with financial projections using an easy to use, state of the art, cloud-based platform.

Week Two:

Educational Topic: Building Business Credit

Implementation Step: Develop an optimized Personal Financial Statement and credit profiles for optimization (including the creation of a strong business credit profile, i.e, Dun & Bradstreet PAYDEX score allowing the business to access credit under the EIN versus SSN of the owner(s)).

Week Three:

Educational Topic: Financial Management

Implementation Step: Complete a Financial Needs Analysis and establish a long-term financial plan.

Week Four:

Educational Topic: Banking & Money

Implementation Step: Create a “Capital Match” to identify the best source(s) of capital based upon each participant’s unique circumstances. Examples of available capital include affordable SBA loans, investment capital (money that doesn’t have to be paid back like loans do), and hundreds of other options.

EXPECTED OUTCOMES

At the end of the thirty day program, participants are rewarded with:

1. A Certificate of Completion acknowledging their diligence and new knowledge.

2. A lender/investor-compliant business plan* package for both internal use and, if desired, to access funding.

3. Improved knowledge and access to capital resulting in a more profitable and better positioned business, i.e., stronger Dun & Bradstreet PAYDEX score, improved bank rating, funding needed to start/grow a business, etc.

*Business plan includes a one page “pitch sheet”, executive summary, opportunity description (problem, solution, target market, competitive analysis), execution plan (marketing plan, sales plan, operations plan, key milestones), company information (ownership team, management bios, advisors), financial plan (key assumptions, revenue, expenses, profitability, use of funds, source of funds), financial statements (income statement, balance sheet, and cash flow statement), industry specific benchmarking, etc. We can also link your accounting software, like QuickBooks, to create and maintain a virtual dashboard as an on-going management tool.

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