Idea Development, Business Planning and Finance

14th September 2022

Idea Development, Business Planning and Finance

14th September 2022
Online
Starts at 12:30pm
Ends at 4:30pm
Free

This workshop is for anyone who has an exciting business idea and isn’t sure how to turn it into a reality…

You may already have a business, but you might need some help with business and financial planning… let’s face it, the last couple of years have been tough for everyone, especially small business owners! Why not take some time out of your business to do some strategic planning, with expert business advisors to guide you, to analyse what your business needs to help it grow to its full potential?

What will I learn?

The workshop will focus on:

  • Exploring your idea, how to analyse your idea in more detail, the advantages, and disadvantages and considering sustainability in your business.
  • Identifying what support networks are available to you, such as family, friends, and local support, to help you get your business off the ground.
  • Considering your green environmental values and impact of your business and how to introduce those into your business from the very start.
  • Outline of a business plan
  • Sales, Cashflow, Profit/Loss, Forecasting
  • Start-up costs
  • Next steps to take on your business journey

What will I take away?

By the end of the workshop, you’ll understand what research you need to do to make your idea a business reality and how to develop your idea beyond just a concept. In addition, you will have a solid introduction to business planning and financial forecasting. You’ll take away the knowledge and tools to put together your own comprehensive business plan and be able to outline your expected financials. This will help you to pitch for finance to help start your business or gain investments in a new project.

Who can attend?

***Please note, to book onto this event you must be a resident in Somerset, or your start-up business must have a registered Company’s House address in Somerset (this does not include North Somerset or BANES).***

Our series of workshops are open to pre-start up, start-up and re-start up businesses and social enterprises from residents in Somerset, or if a start-up, with a registered Company’s House address in Somerset.

How much does it cost?

These workshops are free to attend for residents who either live or have a registered business in Somerset. This project is funded by the UK Government through the UK Community Renewal Fund.

Can you offer support after the workshop?

We are currently offering a suite of workshops for pre-start up, start-up and re-start up businesses, which will cover a whole range of topics to benefit your business now, and in the future. Helping your business to consider Green from the beginning. We encourage you to sign up for the whole series to really boost your business.

These workshops are:

    • Idea Development, Business Planning and Finance
    • Creating a Marketing Plan
    • Access to Funding
    • Introduction to Sustainability
    • Creating a Sustainability Plan
    • Digital Marketing

Our expert business advisers are also able to offer 1 to 1 mentoring support. Get in touch with us to find out more. Email: jane.purdy@businesswest.co.uk

This project is funded by the UK Government through the UK Community Renewal Fund.

The  UK Community Renewal Fund is a UK Government programme for 2021/22. This aims to support people and communities most in need across the UK to pilot programmes and new approaches to prepare for the UK Shared Prosperity Fund. It invests in skills, community and place, local business, and supporting people into employment.  For more information, visit https://www.gov.uk/government/publications/uk-community-renewal-fund-prospectus

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  • May I extend a big thank you to Business West for their excellent workshops. I have attended three and I am planning on attending all on offer in their business support package. They are informative with very good content and structure and they are enabling me to formulate a number of plans within my business. A great free resource for any start up business.
    Matt Lilley
    Business Owner, Bay
  • Start-Up Support Package

    Based in Somerset? Business less than 12 months old, or re-starting after a break? Our Start-Up Support Package, fully funded by Somerset Local Authorities, is suitable for businesses in any sector and can provide you with all the information you need to get your business off the ground.