Small Business Development Center

Helping Businesses Start, Grow and Succeed

The Small Business Development Center at the Daytona State College helps businesses become more successful and meet the challenges of tomorrow. Whether you are starting a business, buying a business, growing a business, selling a business or looking for financing, we can help you!

7 Steps to Starting A Business

7 Steps to S ~ T ~ A ~ R ~ T ~ U ~ P Your Business

Selecting the Idea
-Consider work experience, hobbies, consumer experiences
-Fill an existing need in the marketplace

Testing the Market

-Learn everything about the business, industry, marketplace

-Know your customers and competition

Acquiring Capital

-70% of all start-ups are funded with equity financing

-6 C's of Capital:

- Cash
- Credit
- Collateral
- Capacity to repay
- Condition of the industry
- Character

WRiting a Business Plan

-3 reasons to write a business plan: communication tool, road map, objective look

Turning for Help

-Accountant, attorney, banker, insurance agent, management consultant, government service providers, mentor

Understanding Legal Requirements

-Legal forms of organization

-Licenses, permits and taxes

Projecting Cash Flow

-How much working capital will you need?

-How long will it take for you to break even?

-Managing accounts payable and accounts receivable

The 7 Steps to Starting a Business form the basis of the curriculum taught in the fifteen-hour 'How to S-T-A-R-T-U-P Your Own Business' workshop. Other STARTUP training programs include:

Where's the Money? Business Financing
Dollars & Sense: Record Keeping Essentials
Taking the AX out of Business Taxes
Marketing Matters

Ultimate Business Planner

SBDC

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