The Nevada Small Business Development Center, partnered with LCAT and the University of Nevada Cooperative extension, is presenting a seminar for small or new business owners and any others interested. Tamara Brown, Eastern Region Counselor for the Nevada SBDC, will be presenting this powerful, hands-on seminar Oct. 7 at the Caliente Fire Station from 1 to 4 p.m., and is free to the public.

Brown’s discussion, The Business Plan, will answer questions such as, what is a business plan, why do I need one, and where do I begin. A primary reason businesses fail is because they aren’t planned well. Running a business without a plan is like building a house without a blue print, or taking a road trip without a map.

Preparing a business plan is not only essential for securing funds during the start-up phase, but it is also a vital tool to help owners manage their business more effectively. Without a plan a business is essentially rudderless, and day-to-day activities are likely to be haphazard and reactive. In stark contrast businesses with a plan can often anticipate potential problems and solve them before they become disasters.

The process of planning allows an owner to analyze their company’s mission, to prioritize and to define action steps needed to accomplish specific goals. The process also forces a business to evaluate their ever-changing market, customers and their competitors in order to determine how to best position their business for success. Business plans can also help owners decide whether new assets are needed, manage cash flow, provide an honest assessment of the business’s strengths and weaknesses and can even help plan an exit strategy like the sale of the business.

The seminar will offer information on what makes a good business plan, how to get started, how to set effective goals, marketing strategy and financial tools for sales forecasting.

If you are ready to develop a strategy for your business’s success, attending this workshop is the first step towards achieving this goal. Register online at www.NevadaSBDC.org, for your guaranteed handout. You may also contact Tamara Brown at 775-721-2891 or the Nevada ABDC at 775-784-1717. Reasonable arrangements for persons with disabilities will be made, if requested a week in advance by contacting Brown.