HOW TO START/RUN A SMALL HOME-BASED BUSINESS – Elgin Township Special Workshop
Elgin Township Special Workshop:
HOW TO START/RUN A SMALL HOME-BASED BUSINESS
Saturday Oct 18; 9:00 – 3:00
729 S. McLean Blvd. in Elgin
8:30 – Registration
Presented by ET, Kane County Sheriff, and the Small Business Development Center at Elgin Community College
Cost – $25 for ET Residents; $50 for Non-residents
If you’re looking at creating a small, home-based business, this is a must for you. Experts will share with you how to best organize, finance, and start your operation.
The program will be presented in English & in Spanish
Agenda Includes:
Types of businesses (LLC, Sole Prop, Partnership)
- Understanding your product/service and target audience
- Legal & regulatory basics (licenses, permits, EIN, etc.)
- Naming your business and choosing your structure
- Elements of a business plan
- Defining your mission, vision, and value proposition
- Scaling your business/ when to grow
- Hiring your team
Finances
- Understanding startup costs & budgeting
- Setting your prices
- Where and how to find funding and become fundable
- Personal vs business finances
Financial Statements
- What are financial statements
- Income Statement
- Balance Sheet
- Cash Flow
- Basic Ratios: Gross Margin, Gross Profit, Net Worth
Sales and Marketing
- The four Ps of Marketing
- WIIIFM
- Customers
- Competition
- 7 Steps of Selling
- How to Network
Call 847-741-2045 with questions or to ensure you have a spot!
