Due to COVID-19, we will not be offering the Entrepreneurial Training Program this spring semester, 2021. We are actively working on some exciting changes and plan to offer ETP virtually in the future.
For those looking to complete a full business plan and financial projections right away, we recommend taking BizSmart Sprint and also requesting no-cost, one-on-one assistance from one of our Business Counselors. To request counseling, please complete our Electronic Request for Consultation form.
Overview of the Program
Biz Smart Sprint is your introduction into the world of entrepreneurship. In this live, virtual 5-week course, you will learn the building blocks you need to become a successful entrepreneur. Each week, you’ll discover the key components you need to start a business, including the Business Model Canvas business planning tool, understanding your customers and market, developing a marketing strategy, legal and operational considerations, and financial basics.
This course is an excellent touchpoint for:
- Entrepreneurs who are just starting out
- Participants who need a refresher on business basics
- More established businesses looking to formalize or revamp their business planning process
- Individuals who are considering the feasibility of their “big idea”
- Product or industry experts who are looking to learn how to think of their product or service in business terms
In addition to the program content, you’ll receive limited-time client access to GrowthWheel, an online platform that provides you with tools designed by an entrepreneur and used worldwide. These tools enable you to see a 360-degree view of your business and to break down business decision-making into smaller pieces – brick by brick. Your GrowthWheel account is accessible 24/7, and can be used to help you understand the different dimensions of your business, utilizing the worksheets to structure your thinking and assist you to prioritize/set your business goals.
Throughout Biz Smart Sprint, you will also receive GrowthWheel worksheets that can help you assess your strategy and articulate various aspects of your business. While these worksheets are fully optional for the course, they can help you capture your ideas visually and enable you to think through your own business’ challenges. If you plan to move forward with writing a business plan, GrowthWheel is a great place to keep all of your ideas in one place!
In this course, program participants will have 5 sessions of required instruction (2 hours each), plus one optional 1-hour session on writing a business plan. Sessions are taught by SBDC business consultants.
- Session 1: Course introduction and understanding the Business Model Canvas
- Session 2: Business value proposition, identification of key customers and market in order to determine product/market fit
- Session 3: Marketing Strategy
- Session 4: Legal and Operational Considerations (entity selection, HR Laws/policies, insurance/liability, etc.)
- Session 5: Financial basics (key terms, pricing, managing cash flow, sources of financing)
- Session 6: Writing a formal Business Plan
Location: Live Online
Schedule: 4:00- 6:00 pm
Dates: 6 sessions on Thursday’s
- Thursday, February 11, 2021
- Thursday, February 18, 2021
- Thursday, February 25, 2021
- Thursday, March 4, 2021
- Thursday, March 11, 2021
- Thursday, March 18, 2021 (1 hour 4-5 pm)
Registration: REGISTRATION LINK COMING SOON
Michelle Somes-Booher, Director SBDC
Michelle Somes-Booher has experience in business planning, lean start-up, marketing, financial analysis and operations management. She founded and operated her own retail business and successfully executed her exit strategy when she relocated from Michigan to Wisconsin. Her background also includes sales and start up consulting. She regularly presents on various business planning topics for the UW-Madison Small Business Development Center and WARF’s Upstart program. In addition, she has taught management and entrepreneurship at several universities. She is the Director of the UW-Madison Small Business Development Center and also consults with established business, as well as scalable technology start-ups. Michelle holds a BSBA in Management from Central Michigan University (CMU) and a MBA from CMU.
Anne Inman, Business Consultant SBDC
Anne Inman has a diverse business background spanning over 25 years of bringing organization to data, functions and people to address a broad spectrum of business challenges. She began her career in the accounting profession. A growing interest in marketing lead her to several roles at Information Resources, Inc. and Kraft Foods. She has also owned her own consulting business. She has been a business consultant with the UW-Madison Small Business Development Center for two years and works with clients in the Entrepreneurial Training Grant program. Anne holds a BS in Accounting from Purdue University, an MBA from the Kellogg Graduate School of Management at Northwestern University, and is a Certified Public Accountant.