Trick or Treat: Navigating the entrepreneurial landscape without a business plan

Starting a business can feel like stepping into a maze filled with excitement and endless possibilities. For many entrepreneurs, it’s like entering a haunted house where each corner holds potential “treats” or “tricks.” While some entrepreneurs might stumble upon early success, others may face unforeseen challenges that threaten to derail their business before it even gets off the ground. The key difference between the two? A well-thought-out business plan.

A business plan serves as a roadmap for entrepreneurs, guiding them through the twists and turns of launching and growing their business. Without one, you’re essentially entering the entrepreneurial maze blindfolded, hoping to find success without a clear sense of direction. Here, we will explore the tricks and treats entrepreneurs encounter when they don’t have a business plan and why attending our upcoming Unlock Your Business Planning Workshop on Nov. 13, 2024 at the Entrepreneur Network Center is a critical step toward entrepreneurial success.

Read More: https://www.bizjournals.com/memphis/news/2024/10/03/navigating-entrepreneurial-landscape-business-plan.html

TSBDC reignites Spark the Dream series featuring Memphis-based Youdle

Southwest and TSBDC team up to offer small business advice to young entrepreneurs

Since the COVID-19 shutdown in March 2020, many have turned to entrepreneurship due to rising unemployment, which reached 13 percent in Shelby County. To support this trend, the Tennessee Small Business Development Center has relaunched the Spark the Dream series, showcasing local entrepreneurs to inspire students and the community. Professor Joan McGrory highlights the goal of encouraging aspiring business owners through shared success stories. This year’s featured speaker is Taiwo Stanback, co-founder of Youdle, a mobile app that helps shoppers locate local products, initially started as a Facebook group during the pandemic. Read More: https://www.bizjournals.com/memphis/inno/stories/partner-content/2022/02/04/tsbdc-reignites-spark-the-dream-series-featuring-m.html