STEP 3
Launch Your Business

Maui Economic Opportunity’s Core Four Business Planning Course helps with developing a business plan

The Core Four Business Planning Course offered by Maui Economic Opportunity is a comprehensive six-week program that helps participants develop realistic and achievable business plans. The course is held multiple times a year on Maui, Molokai, and Lanai and is conducted virtually via Zoom. It is supported by financial aid from the Maui County Office of Economic Development and other local foundations.

Hawaii Small Business Development Center

The Hawaii Small Business Development Center (SBDC) provides a range of workshops and seminars that help small business owners and entrepreneurs develop key business skills in areas like marketing and finance, offering sessions led by experts.

SCORE offers free business planning and financing templates

SCORE provides a gallery of templates and resources focused on business planning and financial statements. These tools are designed to help new and established business owners develop comprehensive business plans and manage their finances effectively. The templates include various business and financial planning documents such as business plans, financial projections, cash flow statements, and more, aimed at facilitating strategic planning and financial management for businesses.

A business plan is essential for first-time entrepreneurs as it clarifies their business concept, sets achievable goals, and identifies potential challenges.

It serves as a tool for attracting investors and lenders, guiding decision-making, and providing a roadmap for growth and success in the dynamic business landscape. SBA offers a free asynchronous online course on how to write a business plan that includes business plan worksheets on balance sheets, cash flow statements, income statements, etc.

Pricing is vital for the success of small businesses as it directly impacts revenue, profitability, and competitive positioning.

Effective pricing strategies enable businesses to attract customers, maintain financial stability, and adapt to market changes while ensuring that their products or services are perceived as valuable and competitive.

Small businesses must adhere to a variety of legal requirements, including business registration, tax obligations, employment laws, and contractual agreements.

Compliance with these regulations is essential to avoid penalties, legal disputes, and potential harm to the business’s reputation. Seeking professional legal guidance can help small business owners navigate complex legal landscapes and protect their interests effectively.