The New Business Model: Plan & Pivot

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Name: The New Business Model: Plan & Pivot
Overall Rating: 5.0 out of 5 (1 rating)
Category: All Learners
Duration: 3.00 hour(s)
Individual Fee: Free

This course is ideal for those small businesses who need to create or update their business plans, and learn how the Business Model Canvas (BMC) can be used to pivot existing business models in light of changing market dynamics or due to the impact of COVID 19. To survive and thrive, business owners need to be agile and able to quickly pivot to meet changing market dynamics. The days of 67-page business plans that sit in a drawer are long gone.

In this workshop participants will be introduced to business planning basics, along with a deep-dive into a practical tool to assist your planning.

This Development Activity has not been scheduled.
College of Lake County
19351 West Washington Street
Building E, Suite E186
Grayslake, IL 60030
United States
Contact: Eric Pfligler
847-543-2990
CorporateTraining@clcillinois.edu
https://calendly.com/tadmeeting/tad-employer-demo
Importance: Why this competency is important to our organization, mission, strategy, or goals.

Business planning is essential in any economic environment, but it is absolutely critical during these turbulent times. To survive and thrive, business owners need to be agile and able to quickly pivot to meet changing market dynamics. The days of 67-page business plans that sit in a drawer are long gone.

Know and Explain: Information you will know, be able to explain, or be able to find.
  • The importance of basic business planning and its impact on business results
  • Understand the “Business Model Canvas” (BMC) as a simple yet effective tool for building business plans for small businesses
  • Explain how to use the BMC as a “Guide to Pivoting” existing businesses to respond to changing market dynamics
  • Complete a basic business plan using the BMC
  • Utilize the available SBDC and other resources into the training to assist participants as they build their business plans.

Target participants

in the New Business Model course will have a broad range of backgrounds in both business experience and specifically in terms of crafting workable business plans.

Participants Can Expect:

  • The curriculum will be very interactive. Topics will be presented, and discussions will be strongly encouraged to tailor the learning to the needs of the class participants.
  • Workshops will take place in a virtual classroom via Zoom
  • Participants will be working in a Google Sheets BMC document that allows them to build their business plan as the workshops takes place (hands on completion of BMC)
  • Participants will follow along with an accompanying Implementation Guide that highlights key content presented via the workshop slides presented by the course facilitator.

Topics:

Module 1: Introduction: Business Planning Overview Using the BMC

  • Importance of Business Plans
  • Introduction of Business Model Canvas (BMC)
  • Capitalizing on available resources

Module 2: Putting the BMC to Use

  • Putting the BMC Into Practice
  • Using the BMC to Pivot your business
  • Keeping the BMC current

SkillPrerequisiteExpected Outcome
Basic Business Planning1 - BeginnerNot specified
Planning1 - BeginnerNot specified
Strategic Planning1 - BeginnerNot specified
Class Costs
Class Value$595.00
Individual Fee$0.00
Private Class Fee$0.00
5.0 out of 5 (1 rating)
Great Program! Tue, Aug 24, 2021
Great program delivered by an expert. Looking forward to taking the Marketing Essentials for Small Business and additional workshops facilitated by Mike M.
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