Purdue University North Central and Purdue University Calumet will together present a free business plan seminar on Wednesday, Nov. 5 from 6 to 8 p.m. in the Purdue North Central Library-Student-Faculty Building Assembly Hall, Room 02.The seminar will be led by Dushan Nikolovski, director of the Center for Entrepreneurship at Purdue Calumet.
Starting a business is one of life’s most exciting times. Yet, it is also one of the most stressful times. Millions of people take the challenge of opening a new business each year and many will fall short of success due in part to poor or no planning.
Nikolovski will explain how to best avoid such a disaster through the use of a business plan or a plan for success.
A business plan is like a blueprint. It is a guide through the different phases of business development and gives clear guidelines, purpose, market, finance and goals to attain. Most people think that a business plan is written to obtain financing from a bank or an investor. While the need for capital is a key driver for a business plan, it should not be the reason for creating a strategic document.
Anyone who is going to risk personal assets and savings, should reduce their risks as much as possible by learning about the business they want to pursue. This can be accomplished through research and the creation of a business plan. While there are no guarantees that a business will be successful, the odds of success for a new venture increases significantly with a well prepared plan.
Registration can be completed at https://www.eventbrite.com/e/hats-my-first-step-business-plan-seminar-tickets-13029813523.