Plan Now

What are your immediate needs? Ensure success no matter your stage of the business life cycle by understanding the steps. Select the phase below that best matches your business.

innovate-iconInnovate: Have you been thinking about turning your dream into reality? Taking an idea to business is an exciting but stressful experience. The FSBDCN provides start-up and planning training services, tools, and resources to help evaluate your business idea, make sound business decisions, and pursue your dream of business ownership.  GET STARTED>


launch-icon

Launch: It’s official, your business is open. Congratulations! But, now what? How do you attract customers, manage daily operations, and plan for the future? The FSBDCN has the resources and experts to guide you in this formative stage of business—where business decisions often mean the difference between business success and failure.  GET STARTED>


grow-iconGrow: Your business is well-established and customers are returning. Business is good, but not growing. How can you take it to the next level? FSBDCN professionally certified business consultants work one-on-one with motivated businesses who want to grow and expand. Our consultants help research, design, and implement sustainable strategies that help your business achieve its growth potential.  GET STARTED>


renew-iconRenew: There comes a time in every business when change is needed. Being flexible and seeking ways to help your business adjust to a changing marketplace is the best recipe for success. The FSBDCN works with mature businesses to identify new business opportunities, chart new paths, and plan for the long-term future.  GET STARTED>


transition-iconTransition: As an entrepreneur, your thoughts are dominated with growing your business. However, there does come a time when you must say goodbye. Do you have a plan? Will you be selling, merging, or closing your business? The FSBDCN can help you project the valuation of your business and prepare for the transition. GET STARTED>

Launch

launch-iconMoving your business forward

You have started your business but are unsure of what to do next. The Florida SBDC Network can assist you in this formative stage to ensure that you’re making the most of your time and resources. Consider the following as you move forward:

1. Getting The Customer

  • Do you have a marketing plan?
  • How will you market, advertise and promote your business?
  • How will you attract your target customers and promote your business?
  • How will you determine your marketing budget?
  • What is your price, quality and customer service strategy?

2. Managing Your Business

  • How will you manage the day-to-day operations of your business?
  • Do you need to hire employees? If so, when and how will you build your team?
  • What bookkeeping system will you use?
  • What are the financial needs for your business?
  • Are there any regulations or compliance issues you need to consider?

3. Operations

  • How will you deliver your product and/or service to your customers?
  • What are your facility, equipment and furniture needs?

4. Funding

  • How much money will you need to support yourself and the business needs?
  • Where will you get the money?
  • Have you identified your profit margin?
  • Have you reviewed a financial break-even analysis with anyone?

5. Do You Have A Plan?

  • Do you have a business plan?
  • Do you need your business plan to be considered by investors?

Innovate

innovate-iconDetermine the potential of your idea

Thinking about starting a business? The Florida SBDC Network can help organize your thoughts and vision into a viable plan. How do you begin to transform your idea into a reality? Consider the following as you begin mapping your idea:

1. The Idea

  • What is your idea?
  • What product or service will you offer?
  • Will you build your business from scratch, or do you plan on buying an existing business?

2. Is It Feasible?

  • Do you have the skills and expertise needed to be successful?
  • How much money will it take to start?
  • What are your plans for financing the business?
  • What are your own strengths and weaknesses?

Who’s Your Market?

  • What is your market?
  • Who is your competition and what are their strengths and weaknesses?
  • What is your competitive advantage?

Renew

renew-iconAdjust to a changing marketplace

We live in an ever-changing marketplace. Successful companies find ways to leverage change as a catalyst for growth. The Florida SBDC Network can help you leverage change by understanding your assets and strengths, and building a toolkit to reinvent the way you do business. Ask yourself the following as you consider renewing your business model:

1. Market Share/Markets

  • Do you understand your market share?
  • How do you find new market share?
  • Should you grow existing markets?
  • What research do you need to do?
  • What is happening in the global market that might affect your business?

2. Products/Services

  • Should you add new products or services to your business?
  • Should you expand existing products or services?

3. Assets

  • What are your assets?
  • What expertise do you have in your business now?
  • What unused assets might be sold?
  • What equipment do you have?

4. Planning For Change

  • How do you manage change?
  • How will change affect your company?
  • What strategies do you need to employ to manage change?
  • What training might be needed?

Transition

transition-iconPrepare your business for the next stage

Do you have a plan for the future? If the plan is to sell your business, do you know what your business will be worth when it comes time to sell? No matter the plan, the Florida SBDC Network can help you make the most of the transition. Ask yourself the following as you consider transitioning your business:

1. Exiting Strategy

  • Are you considering selling your business?
  • Are you considering a business merger?
  • Are you thinking of liquidating your business?
  • Are you considering hiring a manager to take responsibility?
  • Are you divesting or segmenting your business in preparation for sale?
  • Are you filing for bankruptcy?
  • Are you closing your business?

2. Naming Your Price

  • What is your business worth?
  • Is there a valuation formula for your business?
  • What are the legal and tax considerations of selling your business?

3. Selling Your Business

  • Are there buy/sell agreements in place?
  • How does your exit strategy affect your personal estate plan?
  • What are the legal and tax considerations of selling your business?

4. Professional Advisors

  • Who will you consult for the best strategy to sell or close the business?
  • What kinds of advice will you need?

5. Transitioning Your Business

  • How does your business plan support your business transition?

Grow

grow-iconGrow your volume and bottom-line

Are you ready to expand your business? Planning and preparing is the first step in the process. The Florida SBDC Network can help you make decisions that help grow your bottom-line while moving your business forward. Review the following as you make plans to grow your business:

1. Plan to Grow

  • Have you revisited your business plan to address opportunities for growth?

2. Your Operational Plan

  • Do you need additional working capital to increase capacity?
  • Do you need to increase efficiencies and effectiveness through better production processes, less waste and increased quality
  • Do you have the capacity to meet current and future sales levels?
  • Do you need more space and a bigger facilities to meet capacity needs?

3. Your Team

  • Do you have the right people on your team?
  • Do you have a plan for attracting future personnel?
  • Do you have defined duties, responsibilities, skill and experience needed for each position?

4. Increasing Your Market

  • What is the market potential for growth?
  • Do you have a marketing plan?
  • What is your promotional strategy to reach your target market?
  • Have you defined a marketing budget?

5. Your Financial Plan

  • How much capital will you need for business expansion?
  • How will you raise this capital?
  • Do you have a business plan for investors/lenders to review?
  • What are your anticipated sales, profits and cash flow based on your expansion plan?