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Developing a Small Business Action Plan

  • A small business Action Plan is useful for introducing new products and services, expanding staff, and other purposes
  • An 11-step process for creating this plan
  • A real world example of an Action Plan used to meet the objectives of a med spa business
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The Importance of Cash Flow and How to Calculate It

  • While entrepreneurs often focus on profitability, cash flow is arguably the more important consideration
  • The benefits of tracking how money is coming into your business and how it is being spent
  • Calculations involved in calculating and predicting cash flow
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Finding Reputable Suppliers and Service Providers

  • Any business depends in part on its relationship with suppliers and service providers
  • Finding reliable, competitively priced firms can be a lengthy process
  • Referrals, online directories, and other options for forming these relationships
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Housing Your Startup: Home, Garage, Rent, or Purchase?

  • Some businesses can be started up at the home, while others necessitate a commercial space
  • Understanding factors such as zoning rules, tax laws, and practicality when deciding whether to run a business out of the home
  • When it makes more sense to purchase a space rather than rent one
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Regulations Involved in Starting a Business

  • The laws governing how a business’s establishment is recorded, with a focus on Connecticut protocols
  • Choosing a business structure, registering with the Secretary of State, and other key steps
  • Checking for additional regulations at the local or federal level
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Putting Together a Facebook Business Page with a Business Manager

By Kempton Coady

Social media channels are an important part of getting the word out about your business, and Facebook is a juggernaut in this arena. By setting up a Facebook page for your business, you’ll be able to reach new audiences, connect with customers, extend your advertising reach, and more.

The Facebook algorithm changes constantly, but you can stay up to date through their Facebook for Business portal. This provides assistance in areas such as creating a customized marketing plan, establishing an online presence, and more. There are also specialized resources for small businesses and individual industries.

When establishing a Facebook business page, consult the company’s guide to the Facebook Business Manager. These instructions take you through the steps for establishing and maintaining multiple assets, managing permissions, tracking ads, and setting up payment methods.

If you’d like more help with finding the right solution for housing your startup, InnovatorsLINK offers a detailed Bootcamp course where you’ll learn the details about all your options. Register here

Review the Executive Summaries associated with each course prior to attending the courses.

This Expert Summary is © InnovatorsLINK. For republishing, please contact dlangeveld@innovatorslink.com.

Big Box Challenge: How Small Business Can Compete

  • Small businesses have found ways to endure despite big box stores’ edge on pricing and selection
  • Offering a better experience and good service are essential steps in remaining competitive
  • A strong online presence has become more of a necessity as well
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The Most Common Mistakes Entrepreneurs Make

  • Common mistakes made by entrepreneurs seeking to run a business
  • Failure to have a clear plan for finances, marketing, and other aspects of the business is a major shortcoming
  • Entrepreneurs must also be willing to commit to a venture and seek help as needed
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What Are the Main Purposes of a Business Plan?

  • Understand why a business plan is important and what it needs to accomplish
  • This document provides crucial guidance and minimizes the chances that you’ll run into common mistakes
  • Business plans can be dynamic documents, useful to both startups and established companies
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