“The Importance of a Business Plan” with the UTRGV Small Business Development Center on Feb. 10 provides information on the power of business planning and why it’s important to prepare a business plan.

A sound business plan will:

• Define and focus on your business objective
• Be an essential part of the loan application process
• Be used to obtain advice from experts
• Uncover omissions and/or weaknesses in the business idea and planning process
• The key components of a business plan

A good business plan guides you through each stage of starting and managing your business. You’ll use it as a road map for how to structure, run, and grow your new business. It’s a way to think through the key elements of your business.

Business plans can help you get funding or bring on new business partners. Investors want to feel confident they’ll see a return on their investment.

This is the third workshop in a series of 12 from the U.S. Small Business Administration specifically developed with the local entrepreneur in mind.  The 12-part series addresses a variety of subjects and connects participants with experts from federal, state and local business resources.

Register online.