How to Know if it’s Time to Throw Away Your Business Plan and Start From Scratch

Ricardo Ibarra of Trio Group discusses how to evaluate if your strategic business plan is working for you.

Summary

  • “A well-written business plan is a strategic exercise in understanding the people your business seeks to serve. And the work you do to gain more insight and knowledge about your ideal client will serve as beacon to guide you as you grow your business.”
  • Not sure if your business is on track to reach your goals? In this video, learn the five components of an effective business plan and how to evaluate your business plan to see if it is working.
  • “Most business owners create a solution or an offer and expect everything to come up roses. A clear understanding of your ideal clients, the market in which you operate, and the money required to develop, create, and produce your solution are all important considerations if you want to ensure your business has long term success.”
  • Schedule time this week to evaluate the strategic value of your business plan based on these five areas.
  • Watch the video to get the full training.
  • Did you identify areas to improve your business? Download the FREE Small & Minority Business Checkup for the 10 questions you must ask to help you get your business back on track and thriving.

About the TAS Program

The City of Seattle and Northwest Mountain Minority Supplier Development Council (Northwest Mountain MSDC) have partnered in the development and launch of the City of Seattle’s Technical Assistance Services program. This program is designed to support small businesses in the development of their capabilities thereby making them more competitive.

This program is sponsored by the City of Seattle and hosted by the Northwest Mountain MSDC. For more information, visit the TAS webpage.

About the Presenter

Ricardo Ibarra combines over 15 years of marketing and business experience to help small and minority-owned businesses thrive in today’s digital economy. Combining his signature energetic style with the latest marketing strategies, Ricardo has helped dozens of small and disadvantaged business enterprises reach new clients, launch new products, and gain a sense of confidence as they grow their business.

Business Conference Wrap Up

On Thursday June 17th the Northwest Mountain MSDC held the third and final part of the 2021 Business Conference, held virtually. The Council was grateful to host two industry leaders and MBEs to speak on their experience.

Carmen Nazario, President and Founder of Elyon International, shared her journey from learning English when her family moved to the United States, to joining the US Army and gaining experience in Information Technology, and then gaining experience in civil industries and how the inspiration for Elyon International was born.

Dicran ‘D’ Arnold, Area Vice President for Business Development at World Wide Technology, also joined to speak on his decades of experience growing as an MBE, and offering valuable advice and insight on building your company, finding opportunities through relationship building and lifting up your peers.

In Council news and updates, President & CEO Fernando Martinez presented survey data collected from Council Members and MBEs regarding their attitudes towards the reopening of the economy, and discussed insights from the data. These charts are available to view in the conference presentation, linked below.

The Council is grateful to all those that attended each part of the Business Conference this year, and we thank our event sponsor T-Mobile and all our annual sponsors who make our work possible.

We are thrilled to announce that we will be returning to live events for the final events of the year, while still offering virtual options for those events. Stay tuned for more event announcements coming soon!

View Presentation Slides

Port of Seattle VendorConnect

The Port of Seattle has debuted a new online system called VendorConnect. VendorConnect is the Port of Seattle’s procurement and contract information database.

With VendorConnect you can:
• Access a one-stop resource for construction projects, consulting services, and goods and services
• Reach Port buyers and procurement specialists
• Receive emails about Port events and business opportunities
• Search vendors and view the event calendar
• Learn current and future purchasing strategies
• Market your business to Port staff and external businesses, including primes seeking
businesses to partner with on upcoming contracts

To begin, you must register yourself and then find or add your business. If you were in the old system, and this is your first time logging in you must recreate your login account.

Click here to view the VendorConnect dashboard

For instructions on how to log in or register for VendorConnect see this Port of Seattle guide.