What is your business? What are you selling? Who are your customers? How much money do you need to generate to pay your utility bills each month? These are questions that you need to know the answers to when speaking to people about your business. It is about defining what your business approach is, understanding the market, and identifying the values of your new company. If you cannot explain your business to others, then it will be difficult for them to help you.
If you are starting, relocating, or expanding a business, experts strongly recommend that you begin defining your business with a business plan. The business plan will help you identify where your business is going and can be an important tool for benchmarking progress. It is also an important tool to test your business strategy.
There are many professionals that are available to review your business plan and provide constructive feedback on how to improve your proposal. A business that is well planned business is more likely to succeed.
Our Partners that Can Help
Connecticut Small Business Development Center
The Connecticut Small Business Development Center is a free resource funded in part through a cooperative agreement with the U.S. Small Business Administration, the Connecticut Department of Economic and Community Development, and the University of Connecticut. The SBDC program remains one of the nation’s largest small business assistance programs in the federal government with a proven track record of providing almost 35 years of service to small businesses.
SCORE offers the nation’s largest network of free business mentors. SCORE mentors can provide the practical action plan, education, and tools that you need to open your doors and establish a customer base. If you already own a business, mentors can help identify ways to increase profit, improve employee and customer satisfaction, and achieve work/life balance.