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Business Plan Basics Offered by SBA and Women's Center for Entrepreneurship Corp.

TAPintoSPF Staff

Friday, August 1, 2014 • 6:00am

NEWARK, NJ – “Give us four Wednesdays and we'll give you the basics of a business plan.”

So says the Women's Center for Entrepreneurship Corporation, which has teamed with the Small Business Administration (SBA) New Jersey district to offer Start Right! Business Plan Basics, a free course held in four Wednesday morning sessions of three hours each on Aug. 6, 13, 20, and 27.

“A business plan provides a roadmap to your business as it helps show where you are going,” said Penni Nafus, executive director of the Women’s Center for Entrepreneurship Corporation. “For startup businesses, this is an important step because you are putting everything down in writing to determine if it’s a viable company.  This is so that you are investing your time and not all your money.”

According to Nafus, the most common mistake that aspiring business owners make is being too optimistic about cash flow predictions. “You have to be realistic about what can and will be done,” Nafus said.

Additional information covered in this seminar includes: developing financial statements, operations & suppliers, buying a business, marketing plan, competition analysis, loan requests, and cash-flow statements.

              When:    Wednesday, Aug. 6, 13, 20, 27

              Time:     10 a.m. - 1 p.m.

              Where:  SBA NJ District Office

                             2 Gateway Center - Suite 1501

                             Newark, NJ  07102

                             Register here

"Having a well written business plan is critical to securing startup loans or money for expansion," says Rohit Arora, CEO of Biz2Credit, one of the country's leading experts in small business finance.  "It can make the difference between having a small business loan approved or denied by a bank or other lender."

Based in Chatham, The Women’s Center for Entrepreneurship helps elevate women to business success through education, consulting and entrepreneurial training.  Serving women across New Jersey, the Center provides more than 150 classes, seminars and individual consulting sessions each year for more than 5,000 participants, including loan packaging and business plan reviews for women business owners.  The organization focuses on helping start-up businesses, experienced businesses seeking growth, and underserved populations.

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