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Holston Business Development Center offering two classes in January

Wednesday, December 17, 2008KINGSPORT—“So You Want To Start A Business” will be offered on Tuesday, Jan. 27, from 6-9 p.m. at the Holston Business Development Center in Kingsport. The class covers many of the questions asked by potential entrepreneurs during the initial research stages of planning a new business; addresses how to become a successful business owner; and examines each class member’s business idea.

Participants will learn about lifestyle changes and leadership challenges faced by business owners, including working 12-16 hours a day, finding individual health insurance, addressing conflict, handling rejection and making decisions.

In addition, individual business plans will be evaluated to determine the target markets, required licenses and registrations, and the most appropriate business entity.

According to Chip Bailey, HBDC director, since 77 percent of potential entrepreneurs do not pursue their dreams because of insufficient funds, the evening will include a discussion of the requirements of the loan process and sources of funding.

To register for the free class and reserve a seat, call (423) 578-6235 or e-mail mnelson@mail.tsbdc.org. The HBDC is located at 2005 Venture Park.

A second class, “Writing Your Business Plan,” will be held on Thursday, Jan. 29, from 1-4 p.m. at the HBDC in Kingsport.

The three-hour workshop will cover the steps needed to design a good business plan and ways to use this plan as a “road map” for success.

Even those who do not wish to go through a bank loan process need a good business plan to survive. The necessary steps used to compose such a plan provide the entrepreneur an opportunity to think through aspects needed to build and guide a successful small business. This workshop also prepares the entrepreneur to be more “lender friendly” when approaching a bank for a small business loan.

The cost for this workshop is $20. Call (423) 578-6235 or e-mail mnelson@mail.tsbdc.org to register and reserve a seat. For additional information, or to arrange special assistance for those with disabilities, contact the same number.

  

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