Center for Entrepreneurship

FastTrac® New Venture

fasttrac

Written by entrepreneurs for aspiring entrepreneurs, FastTrac® NewVenture™ offers essential business information to help you develop your entrepreneurial skills and build your business on a strong foundation. FastTrac® offers non-traditional, experiential learning with hands-on coaching sessions. Opportunities to network and learn from your peers as well as seasoned entrepreneurs and professionals who work with start-up businesses are a key part of the experience.

In this program, you will develop a business concept and take it through each step of the business planning process. Through readings and research, activities and action steps, you will plan and analyze your entrepreneurial vision by creating a thoroughly researched and tested Business Plan.

FastTrac® NewVenture™ is divided into two parts: concept analysis and the business planning process.

Concept Analysis
The first three modules focus on developing a business concept that will help you achieve your goals. In these modules you will establish a personal vision, write your business concept statement, and research and analyze the concept for feasibility.

Business Planning
The last seven modules will guide you through each step of the business planning process. A key outcome of this program is a researched, developed, and written Business Plan that articulates your business concept. After your plan is complete, you will use the Feasibility Checklist to test for product/service, market, and financial feasibility.

This process will help you determine whether the business has a market, can make a profit, and can provide the money you need. A Business Plan will also help you reduce the normal risks of start-up and increase your chances of success by replacing guesses with facts.

You will build your Business Plan one section at a time by conducting the necessary research and answering relevant questions for each action step.

FastTrac® offers non-traditional, experiential learning with hands-on coaching sessions. Opportunities to network and learn from peers as well as the facilitator, business coach, and guest speakers-seasoned entrepreneurs and professionals who work with entrepreneurs-are a key part of the experience.

FastTrac® NewVenture™ Course Outline

Concept Analysis

  • Exploring Entrepreneurship
  • Identifying and Meeting Market Needs
  • Setting Financial Goals

Business Planning

  • Planning the Product/Service
  • Reaching and Analyzing the Market
  • Reaching the Market
  • Building the Organization and Team
  • Planning for a Profitable Business
  • Monitoring Cash Flow and Seeking Funds
  • Implementing Next Steps

 

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Testimonials

For information on classes in eastern and northern Maine, please contact:
Heart of Maine RC&D

1423 Broadway, Bangor ME 04401
or Call Tessa Burpee at the Heart of Maine RC&D 207-947-6622 x5 or  tessa@heartofmainercd.org