Wednesday, May 17, 2023

Are Business Plans Worthless?

The preparation of the Business Plan is one of the most important tasks that any entrepreneur who wants to start a company needs to follow. It will be worthless if you don’t follow the plan that you developed before getting into the messy task of starting a company. Business plans are a roadmap for success.

To get the plan started, each company needs to define the main characteristics of its business by focusing on the big picture. The business plan itself will help them to consider and weigh the risks involved, prepare for any contingency, and learn to anticipate a variety of possible situations or "scenarios.” The entrepreneur will need to lay down plans and create a budget for the key activities of the business for development, production, marketing, distribution, and financing.

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In the News

National Meeting Charity Turns to LOOLA for Key Event

SmartX Technology wins top prize in the global RFID Journal Awards

UCF Business Incubation Program Congratulates its Fire Award Winners

Disinfectant startup Kismet Technologies debuts new manufacturing facility near Orlando airport

Introducing Orlando Inno's 2023 Fire Awards winners

UCF Business Incubation Program Brings on New Executive

Create and submit a 30 second commercial by May 14th for the chance to win 30 Days of Social Media marketing from the NEC

Capacitech Energy landed a $1-million grant from the National Science Foundation

Timeplast, working to eliminate traditional plastic products, raised more than $1 million through the crowdfunding platform StartEngine

UCFBIP is seeking mentors for its 2023 Spring/Summer Mentorship Cohort Program

Studio Calathea Rebrands as LOOLA

UCF Business Incubation Program Congratulates FlowIntell

UCF Business Incubation Program Congratulates Tonya Oxford, CEO, Global Technology Integrators

2023 Innovators to Watch: Christina Drake, Founder of Kismet Technologies

Volusia County Business Incubator Launches WoW Fridays

Upcoming Events



CANCELED: WOW Fridays Presents: Entrepreneurs Talk

This Friday we will open the doors to any local entrepreneur or business owners who wants to talk about their ventures.



One Million Cups

1MC takes place every Wednesday morning at our Orlando Incubator.

Sign up to talk about your business and share your accomplishments with the community!




The National Entrepreneur Center's 20th Anniversary calls for a special celebration that you won't want to miss! Get ready for a unique event experience using a smart networking app (Brella), chat with a business coach about your business at BizRX, and enter an amateur commercial competition. Once you've registered for your tickets, you will receive instructions on creating your profile for the networking app.



WOW Fridays Presents: Military Entrepreneur Talks

What a great way to celebrate Memorial Day week by listening to our local Military entrepreneurs. Learn how local Veterans have applied the military discipline to start and scale a business. 



Business Ethics 2023

On the first Wednesday of every month, we will explore how Stoicism can help in setting business goals and managing growth. This course is focused on Applying Ethics to Technology. This series is designed for business CEOs, managers, and entrepreneurs in Central Florida. The goal is to focus on stoic leadership.



2023 Aerospace + EmergingTech Forum

Space Florida and the Florida Venture Forum, Florida’s largest statewide support organization for investors and entrepreneurs, are pleased to announce the 2023 Aerospace + EmergingTech Forum. Four finalists will share $100,000 in prize money provided by Space Florida!



PS27 Black Founders Forum Presented by JPMorgan Chase & Co

Apply now to participate in the Entrepreneur Showcase. Five companies will be selected to pitch. One winner will be eligible to receive a 250,000* investment.

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Is the BIP for you?

Our award-winning program provides business development and operational support to early-stage technology and innovation-driven businesses throughout Central Florida. We offer three programs that are each designed to help businesses at different stages.

Click here to see if our Traction, Growth, or Soft Landing Program is a good fit for you!

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