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SOUTH DAKOTA RETAILERS ASSOCIATION | ONLINE RETAIL JOURNAL

Free Help to Develop a Plan for Your Online Business

10/14/2020

11 Comments

 
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.

11 Comments
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
Dawn Morrisson link
3/7/2023 06:10:50 am

Nice article! Thanks for sharing this informative post about helping to develop a great plan for online businesses. Keep it up!

Reply
Dawn Morrisson link
3/7/2023 08:56:31 pm

Excellent post! Thank you for giving us an idea about this. Looking forward to the next one

Reply
car loans Melbourne link
5/18/2023 07:29:09 pm

You won’t just be paying the mortgage broker to find you the loan that can give you some savings, and you’ll also be paying for the opportunity to save time.

Reply
Business Card link
7/19/2023 10:33:51 am

Thanks for the tips , I Appreciate them.

Reply
Emerald link
1/12/2024 02:23:16 am

This is such a <a href="https://www.trendebook.com/how-to-find-a-mortgage-broker/">wonderful</a> content filled with the right word, technically this has been very useful thanks to me. you can also check back at my <a href="https://www.trendebook.com/">website</a>.

Reply
Mortgage Broker Australia link
1/29/2024 11:28:28 pm

Great post on the importance of a solid plan for online businesses! As a mortgage broker, I see firsthand how a well-defined strategy can help entrepreneurs secure funding and achieve their goals.

One question: the article mentions challenges in creating a plan. Have you found any specific hurdles to be particularly common for online businesses?

Reply
Business Valuations link
5/13/2024 06:54:03 pm

Good info shared. Feel free to access additional resources and softwares for Small Businesses

Reply
Business Loan Melbourne link
7/2/2024 12:07:07 am

This blog is very helpful for developing an online business plan! Considering a business loan can provide the necessary funds to turn your plan into reality.

Reply
Cyrillia Fernandez link
7/11/2024 08:08:35 am

Great article, thank you!

How long does it usually take to finalise a business plan?

Looking forward to hearing from you!

Reply
carros a venda em porto alegre link
3/31/2025 11:29:15 am

Hi!

I would like to say thanks for this nice and very informative article! Really nice reading, thank you for keeping us updated

Best regards

Mary

Reply



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