ACTC Offers Small Business Planning and Financing Classes

ACTC Workforce Solutions is offering a series of classes for entrepreneurs and small business owners.

Instructor Mick Fosson is Director of ACTC's Ashland Area Innovation Center. Since 2004, the Center has served over 100 clients by facilitating more than $5 million in funding and helping create more than 70 knowledge-based jobs.

The workshops are held on Wednesdays from 10:00 to 11:30 a.m. at the Roberts Drive Campus. Each workshop is $20, and preregistration is required. To register, email Jessica Lucas, Workforce Solutions Specialist, at: JLUCAS0013@kctcs.edu or call 606-326-2238.

Entrepreneurship on Wednesday, Feb. 1, will explore the advantages and disadvantages of business ownership and help people decide if they are ready to start a business. Topics include the entrepreneurial life, types of small businesses, your niche in the marketplace, legal forms of ownership and the need for a business plan.

Developing Your Business Plan on February 8 will explore the essentials of a business plan and why a plan is needed. A business plan is the foundation for the organization and operation of any business and may include marketing, finance, operations and human resources sections. Participants will learn the steps needed to develop a plan to help meet their business goals.

Financing Your Business will be held February 15. In todays world, a complete financial plan with three years of projections is a must. Whether you are investing your own money or utilizing lenders, angels or other investors, you need to know what goes into the financial plan. This workshop will include discussion of start-up cost, variable cost and working capital.

Accounting and Financial Records for Businesses and Organizations on February 22 will help participants understand different types of financial statements and what they say about a business. This workshop will explain the purpose and use of financial statements and cover basic accounting and record keeping principles.