The Building Your Business Series: Essential Insights for Aspiring and Experienced Business Owners Alike

1/1/2023

The Utah Microloan Fund's Building Your Business series is a valuable resource for both brand new startups and business owners looking to grow their companies. The series, which is held virtually on a rotating schedule, consists of four classes: Proof of Concept, Pricing Strategy, Mastering Your Cashflow Projections, and Writing an Effective Business Plan. These classes are free and all are welcome to attend.

The Proof of Concept class is especially useful for brand new startups, as it helps entrepreneurs determine if their business idea is viable. This class covers market research and analysis, as well as how to test and validate a business concept.
The Pricing Strategy class is crucial for business owners of all levels, as it teaches attendees how to set prices that are both competitive and profitable. This class covers pricing models, cost analysis, and pricing strategies.

The Writing an Effective Business Plan class is essential for anyone looking to start a new business or make sure theirs is on track, as it teaches attendees how to create a comprehensive and convincing plan for their company. This class covers topics such as market analysis, financial projections, and marketing strategies.

Finally, Mastering Your Cashflow Projections is an important class for business owners looking to grow their companies, as it teaches attendees how to forecast and manage their financial resources. This class covers how to create accurate cashflow projections, as well as how to use those projections to make informed business decisions.

Overall, the Building Your Business series is a valuable resource for business owners of all levels. Whether you're just starting out or looking to grow your existing business, these classes provide the knowledge and skills needed to succeed in the competitive world of entrepreneurship. Also by attending and learning about topics such as market research, pricing strategy, and financial projections, business owners can demonstrate to potential lenders that they have a strong understanding of their industry and the financial management skills needed to successfully grow their business. If you are considering applying for a microloan, this is a great place to start!

About the UMLF:
The Utah Microloan Fund has helped make business owners' dreams a reality since 1991 by providing business training, mentoring, and microloans up to $50k to Utah small business owners. We help people who:

Are just starting out and don’t have an operating history
Don’t have enough collateral or cash flow for a traditional bank loan
Have had life events that have had a negative impact on their credit history
Have ITIN status and need access to funding
Need access to economical business training and mentoring

To learn more visit: www.umlf.org or give us a call at 801-746-1180

3 Comments

Raymond Tripp link

1/26/2023 02:00:33 pm

I need to grow my business

Dawn Morrisson link

5/21/2023 08:24:58 pm

This blog post provides essential insights for both aspiring and experienced business owners in the "Building Your Business" series. It covers various topics relevant to entrepreneurship, such as business planning, marketing strategies, financial management, and more. The information shared is practical and valuable for those looking to start or grow their businesses. I appreciate the detailed and actionable advice provided in each post, as it can help entrepreneurs navigate the challenges and maximize their chances of success. Thank you to the author for sharing these insights and supporting business owners on their journey!

Strategic Planning workshops link

8/7/2023 04:37:19 am

It offers invaluable insights to both aspiring and experienced business owners. By delving into essential topics, it equips entrepreneurs with the knowledge and tools needed to navigate the challenges of building and sustaining a successful venture.

UTAH SMALL BUSINESS BLOG