Planning Your Business

Planning Your Business

Planning is critical to starting and building a business. We've provided a link to an assessment, and information on the local organizations that can help you get ready—from developing a business plan to developing a business network.

FastTracSC

A business plan outlines the nature and context of your business opportunity and presents how you plan to develop that opportunity. It functions as a tool to identify the success factors, as a roadmap for the business to keep you focused, as a marketing tool for raising financial capital, and to establish credibility among those entities who are instrumental to the business operation. By forcing you to focus and be realistic about the opportunity, it increases your chance of success. All business plans have common components that tell the story of your business in two different languages: narrative and financial.

FastTrac® is a comprehensive educational program that provides entrepreneurs with business insights, leadership skills and professional networking connections so they are prepared to create a new business (NewVentureTM), expand an existing enterprise (GrowthVentureTM) or move technology IP into position to communicate with investors (TechVentureTM). Participants work on their own business ideas or ventures throughout the program - moving their venture to reality or new levels of growth. Courtesy of State funding and support from major industries, programs are offered at discounted rates.

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