First Step FastTrac™ is an education program created by entrepreneurs for entrepreneurs. Taught by seasoned entrepreneurs in your community, FastTrac's hands-on program uses your business concept as a case study - giving you an opportunity to evaluate and perfect your idea in a safe and supportive environment.
By the time you finish the program, you'll know whether your idea has "legs" and if starting a business is the right dcision for you.
In First Step FastTrac™, you will:
- Explore strengths and opportunities for personal and professional development.
- Develop a feasibility plan so you can evaluate your business concept. This plan will include:
- An Executive Summary
- Product and Services
- Market Analysis
- Price and Profitability Analysis
- Plan for Further Action
Before you quit your job or invest your
life savings, wouldn't it be nice to know whether your business idea has merit? In First Step FastTrac™, you'll write a feasibility plan that examines your business idea from every angle. This plan helps you decide if your business is a "go" or a "no go" before you spend too much time or money. Designed for entrepreneurs with low- to moderate-incomes who are starting or expanding a small business, First Step FastTrac™ incorporates materials from the award-winning FastTrac® program. You'll work closely with other entrepreneurs, sharing ideas and experiences, and laying the foundation for future business relationships. Through the program, you'll discover whether the life of an entrepreneur is right for you.
Course Outline:
- Introduction to First Step FastTrac™
- Model Business Reality Check
- Communicating the Business Concept
- Gathering Information for Feasibility
- The Man and the Dream (An Entrepreneurial Fable)
- Feasibility Plan Checklist and Sample
- Products and Services
- Market Analysis: Industry and Competition
- Market Analysis: Market Segments and Strategies
- Price and Profitability: Pricing and Product/Service Costs
- Price and Profitability: Profits
- Price and Profitability: Cash Flow
- Plan for Further Action: Resources for Success
- Plan for Further Action: Next Steps
- Feasibility Plan
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