Will It Fly? Test Your Business Idea in 10 Steps
You’ve got a great business idea…but can it become a great business?
Put your business ideas to the using a 10-step evaluation process. By the end of the session, you’ll be better able to predict whether your business will succeed, how long it will take to reach breakeven, how much you’ll be able to pay yourself, and how you can improve your overall chances for success.
TICKET REQUIRED | REGISTER HERE
10 STEPS TO A BUSINESS IDEA THAT FLIES
What are you selling, who are you selling it to, what’s the size of your target market, what’s going on in the industry
How will you reach your target market, what types of marketing will you use, ROI/effectiveness
How do you stack up against 3 of your competitors in 5 primary categories
How much money will it take to start the business, where will the funds come from, how will your cash flow, when will you reach breakeven
How much will you have to produce and sell to make the salary you’d like
Referrals, reorders, residuals, passive income, contracts, scalability
Do you have the passion, experience, expertise and management skills to run this type of business
Market timing and personal timing
How much legal risk, financial risk, competitive risk, and personal risk are involved
Will you be able to sell the business when you’re ready to quit or retire
Self-employed since the age of twenty, Jennifer Croft, owner of 5 Minute Classes, has successfully started and run seven small businesses. Through her teaching and one-on-one consulting, she has helped more than 3,000 people start and run their own businesses.
This workshop series is presented by
The Commons on Champa & 5 Minute Classes
Looking to dive deeper into creating your business plan? Check out our 2-Day bootcamp, November 3-4, 2018! Use promo code: CAMP100 to save $100 at registration. Go to: http://bit.ly/bizbootcamporg
SPACE IS LIMITED
Only those who register via Eventbrite will be able to participate.