ready, set launch

thanks to our host!

introductions

• SCORE
• City of Austin
• WBC
• TVC
• SBDC

nice to meet you!

• 60 seconds or less
• Name
• Business idea
• What you hope to learn

starting a business

do you have what it takes?

myths

characteristics

every business needs

• Banker
• Lawyer
• Accountant
• Insurance Agent
• Mentor

Mentor

How many hats

Marketing & sales

what makes you unique?

price

• Consumer Reaction
• Cost
• Competition
• Credit Terms
• Discount

competition

• Size
• Price & Quality
• Reputation
• Suppliers
• Other Businesses in Area

Making it Legal

business structure

choose a business name

register business name

REGULATIONS

TAXES

TAXES

PERMITS, INSPECTIONS, ZONING

CERTIFICATE OF OCCUPANCY

FINANCIALLY PREPARED?

STARTUP CASH NEEDS

• Tools & equipment
• Licenses & permits
• Professional fees
• Initial inventory
• Working capital

operating cash needs

• Salaries
• Rent
• Insurance
• Loan Payment
• Marketing
• Utilities

cash flow

hierarchy

• Venture Capital
• Angel Investors
• National Banks
• Credit Unions, Local Banks
• Microlenders, CDCs
• Credit Cards, Cash
• Friends & Family

Micro-lenders

• PeopleFund
• BCL of Texas
• BiGAUSTIN
• Lift Fund (Accion)

credit score

• 620-659 Fair
• 660-699 Average
• 700-740+ Excellent

if you are a veteran

texas veterans

• Entrepreneur Program
• Management Assistance
• Financial Guidance
• Connection to Resources

texas state sbdc

business model generation

• 9 Building Blocks
• Test Different Models
• Market Validation
• Evidence of Scalability

access to capital

• Loan package review
• Workout strategies
• Exit strategy
• Restructuring debt
• Intro to lenders & angels
• Pitch practice

Scale your business

• New Locations
• International Trade
• Commercialization
• Government Contracting
• Licensing, Patents, Trademarks

SBA Resource partners

things we all offer

• No-cost Advising
• Seminars & Workshops
• Conferences & Events
• Community Resources
• Newsletters

go to score

• Startup Questions
• Business Plan Templates
• Setting Up QuickBooks
• Email Mentoring
• Brainstorming Ideas

Go to City of Austin

• Startup Questions
• BizAid℠ Coaching
• LocallyAustin.org
• Family Business Loan
• Materials Marketplace
• Business Solutions Center

Go to WBC for

• Startup Questions
• Introductions to Micro-Lenders
• Exporting Referrals
• Certification Programs
• Women & Veteran Resources

Go to TVC for

• Startup Questions
• Business Plan Concepts
• Marketing Assistance
• Franchise Opportunities

Go to SBDC for

• Loan Package Review
• Business Expansion
• Tech Commercialization
• DIY Video Studio
• International Trade
• Se habla español
• Help with a "Scalable Start-up"
• Se habla español

Homework

• Download Slides
• Download Handbook
• Download SCORE Templates
• Draft Your Business Plan
• Find a Mentor

Next Steps

• SCORE Simple Steps
• Email Mentoring
• Register for Training
• Ask for Help
• Prepare for Meetings

Questions?

evaluations