Simple Steps for Starting Your Own Business - 4 Class Series April 1, 2020, 6:30pm CDT April 22, 2020, 8:30pm CDT
Twin Oaks Middle School
Twin Oaks Middle School
15860 Fish Point Rd. SE, Room 207
Prior Lake, MN, 55372

Simple Steps for Starting Your Business Contemplating starting your own business? Presented by SCORE (volunteers from south metro communities) and a partner of the U.S. Small Business Administration (SBA), this comprehensive series of four workshops will help you make a smart start. 
Startup Basics Test your business idea and identify the key factors that influence startup success. Gain an overview of the skills and tools needed when deciding to start a business. Discuss advantages and disadvantages of owning a business, the most profitable form for specific businesses and the fundamentals of formation, organization, marketing, cash flow and funding sources.
Ron Kipp has a bachelor’s degree in mechanical engineering and an MBA. He spent ten years in the Air Force doing test and evaluation on jet engines, rocket motors and airplanes. Ron has 30 years experience with trucking companies holding positions in operations, supervising customer service, dispatch, and driver managers, and as a sales leader.
Business Concepts Identify your target markets, describe your products and services, and collect key competitive information to support a feasibility plan. Review your understanding of business concepts and gain step-by-step guidance in researching your idea, market and competition.
Dennis Jacobson has volunteered with South Metro  SCORE since 2009, providing face-to-face mentoring, conducting classroom training and  workshops for individuals seeking to start their own business. His business background includes over 26 years as a credit and risk management professional with Wells Fargo & Company in Minneapolis and San Francisco.

Marketing Plan Learn marketing, communication methods, and tools to maximize customer reach. Understand pricing strategies, positioning, differences between features and benefits, and marketing strategies. Gain skills on how to outline your marketing strategy, test your message, choose the correct sales channel and exercise your strategies.
Randy Locke’s career included 40 years of sales, operations and general management in both small, privately held companies as well as large corporations. His experience in several industries included time as president of an advertising specialties company.

Financial Projections and Funding Sources Review sales and prices, financial risks and rewards, true startup costs, ongoing operating expenses, setting benchmarks for tracking progress and organization of all your financial information. Discuss how to finance your business, accounting, banking relations, and monthly preparation and review of financial statements.
Jim Hanzlik, CPA (inactive), CGMA, earned his Accounting degree from University of Minnesota and an MBA from the University of St. Thomas.  He spent five years with KPMG’s Private Business Advisory Services Group in Minneapolis and has over 30 years of experience as a CFO and Financial Manager in private and publicly held manufacturing and technology companies in the Twin Cities. Currently, Jim  owns a CFO consulting business that provides financial management services to small growing companies.