The Knowledge Hour | April

Description

Join us for this NJSWC virtual session!
DATE: Thursday, April 17  |  TIME: 12:00 to 1:00 PM

The Knowledge Hour: Business Insight for You

Chart Your Course: Essential Business Planning at Every Stage

Summary: Just like you wouldn't drive without a GPS, running a business without a clear plan can leave you lost. Every business, regardless of its stage, benefits from a roadmap. A business plan, strategic plan, succession plan, continuity plan, and exit plan each serve as guiding tools to help you reach your destination safely and effectively. They help you set clear goals, prepare for challenges, and ensure a smooth transition whether you're growing, facing unexpected events, or planning to move on.

Key Takeaways: 

• Business Plan:
  • Your Foundation: A business plan is the first step toward clarity and direction even if you're new.
  • Acts as your overall roadmap, outlining your vision, goals, and how you plan to achieve them.
  • Personal Guide: It's not just for investors; it's for you to help track wins and spot challenges.
    
• Strategic Plan:
  • Focuses on long-term goals and the steps needed to reach them.
  • Helps you prioritize actions and allocate resources efficiently.
• Succession Plan:
  • Ensures continuity by preparing for the departure of key leaders.
  • Prepares you for leadership transition and provides a process to maintain institutional knowledge.
  • Minimizes disruption and maintains stability during transitions.
    
• Continuity Plan:
  • Develop practical, cost-effective continuity strategies that safeguard your operations against disruptions, even with limited resources.
  • Prepares your business for unforeseen disruptions, such as emergencies or market changes.
  • Ensures that critical operations can continue under various circumstances.
• Exit Planning: 
  • Provides a clear path for when and how to leave the business, whether by selling, merging, or stepping away.
  • Maximizes value and minimizes complications during the transition.
  • Use exit planning as a strategic checkpoint to assess if your organizational vision was achieved, and to inform future decisions and legacy planning.
    

By integrating these plans, you're setting up a system that guides your business like a GPS directs your journey—helping you stay on course, adapt when needed, and ultimately achieve your goals

These monthly interactive NJSWC Knowledge Hour virtual sessions provide insight from the presenters and by interactions with each other. Event Format: 5 minute intro, 30 minute presentation, and remaining time for Q&A.

Presenter

Bertha Robinson
Executive Coach
One Star Professional Services

Session Coordinator

Cecelia Henderson
Digital Marketing Consultant
WSI Marketing Edge

Session Coordinator

Tanesha Halstead
CEO & Founder
Virtually Centered Solutions LLC

We encourage women business owners (members and nonmembers) to participate in these virtual sessions throughout the year. 

We hope to see you there!

The NJ State Women's Chamber of Commerce focuses on building business relationships and supporting business ownership by women.

Women business owners and entrepreneurs are encouraged to attend, but all are welcome.