Menu
South Dakota Retailers Association
  • Advocacy
    • Video Updates
    • SDRA Advocate
    • Legislative Tracker
    • Legislative Lineup
    • Political Donations
    • Legislative Research Council
  • Education
    • ServSafe Training
    • ServSuccess Training
    • ProStart
    • ProStart Weekend
    • Scholarships
    • Seminars & Webinars
  • News & Events
    • News
    • Annual Meeting
    • Best Bagger Competition
    • Employment Law Seminars
  • Business Resources
    • Retail Prophet Magazine
    • Employee Retention Credit (ERC)
    • Tax Information
      • Sales Tax Report Municipal
      • Sales Tax Report State
    • Workforce
      • 15 Workforce Tips
      • $1000 Workforce Incentive
      • Employer Resources
      • Training and Credentials
  • Membership
    • Join Us!
    • Member Services
    • Membership Awards
    • Member Directory
    • Member Login
  • About Us
    • Meet Our Staff
    • Board of Directors
    • Where It All Started
      • Past Presidents
    • Sponsorship Opportunities
    • Contact Us
  • Advocacy
    • Video Updates
    • SDRA Advocate
    • Legislative Tracker
    • Legislative Lineup
    • Political Donations
    • Legislative Research Council
  • Education
    • ServSafe Training
    • ServSuccess Training
    • ProStart
    • ProStart Weekend
    • Scholarships
    • Seminars & Webinars
  • News & Events
    • News
    • Annual Meeting
    • Best Bagger Competition
    • Employment Law Seminars
  • Business Resources
    • Retail Prophet Magazine
    • Employee Retention Credit (ERC)
    • Tax Information
      • Sales Tax Report Municipal
      • Sales Tax Report State
    • Workforce
      • 15 Workforce Tips
      • $1000 Workforce Incentive
      • Employer Resources
      • Training and Credentials
  • Membership
    • Join Us!
    • Member Services
    • Membership Awards
    • Member Directory
    • Member Login
  • About Us
    • Meet Our Staff
    • Board of Directors
    • Where It All Started
      • Past Presidents
    • Sponsorship Opportunities
    • Contact Us

SOUTH DAKOTA RETAILERS ASSOCIATION | ONLINE RETAIL JOURNAL

Free Help to Develop a Plan for Your Online Business

10/14/2020

1 Comment

 
Developing a business plan is a crucial step to get an online business up and running, make it profitable and remain competitive.

That’s where South Dakota’s Small Business Development Center (SBDC) comes in. Their seven regional offices offer free, confidential assistance to first-time entrepreneurs and existing businesses.

SBDC tools and resources walk a person through that process. For example, check out their Business Planning Guide at sdbusinesshelp.com/resource-category/business-planning-guide.
Once a person drafts a business plan, SBDC will review it to make sure it is complete and realistic, and to make sure the person isn’t overlooking a key aspect of starting or expanding a business.

State SBDC Director Mark Slade says developing financial projections is the biggest challenge for many entrepreneurs.

“We help them through the process of taking all of that information and turning it into a profit and loss statement, a cash flow statement and a balance sheet.”

SBDC offers software that will lay out an entrepreneur’s financial figures in a format wanted by bankers. It can help determine if the businessperson needs to make adjustments in their planning.

Once the financial analysis is complete, SBDC can help identify potential loan and funding sources that may be available based on factors such as job creation, wages, product or service offered, and geographic location.

Visit sdbusinesshelp.com for more information.

1 Comment
llc in michigan link
6/27/2021 10:09:56 pm

Business help is always a must for those who are just starting out in business. I am also one of those people who are looking for free business help. Thanks to the blog owner for sharing the useful information I was looking for.

Reply



Leave a Reply.

    SDRA Online Seller Resources

    Let us help you navigate the ever changing online marketplace. 

    Archives

    May 2021
    February 2021
    December 2020
    November 2020
    October 2020
    September 2020

    Categories

    All
    Getting Started
    Online Sales

    RSS Feed

QUICK LINKS:  SPONSORSHIP OPPORTUNITIES  |  2022 ANNUAL REPORT  |  CONTACT US
Copyright South Dakota Retailers Association.  All Rights Reserved.
320 E. Capitol Ave.  |  Pierre, SD  57501  |  Phone: (605) 224-5050
SDRA Logo