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Editorial: Course will provide help in planning business venture

As we enter 2011, many of us are making New Year's resolutions to make ourselves better and more productive people.

Have you thought about starting your own business? Or are you already in business but want to learn more about how to be successful?

Why not consider signing up for the course "Planning the Entrepreneurial Venture?"

The course, now in its third year, is for beginners wanting to start a business as well as those who have been in business for a few years.

It begins Jan. 12 and will provide the tools, experiences of others, and skills for the student to develop and initiate the steps of planning or replanning a business venture. The course will examine multiple aspects of business development from feasibility of the student's business to developing a business plan.

The goal of this course is to help each student develop a business plan and provide information of available resources for business development. Students will be working on business scenarios, case studies, self assessments and assignments to reinforce and apply knowledge and skills to develop a plan for their new business.

The student should gain insight in how various business elements fit together and why different elements need to be managed for a business to operate successfully.

We're excited to see Pete Paulson instruct the course. He has more than 25 years of industry experience in managing product and business development, project management, product implementation and will help each student gain a working knowledge for a business venture.

During the past two years, Paulson has been a SCORE volunteer in the Park Rapids area working with several local businesses. In addition to his business experience, he has 24 years of teaching as an adjunct faculty member at the community college level working primarily with working adults. Paulson brings business experiences and resource contacts to share with the students.

The course is an interactive course with classroom guidance, presentations, discussions, online activities, and interaction with members of the business community. Guest speakers will provide their lessons learned and experiences for their successes in business. The development of a tailored business plan will be a major element of the course along with the presentation of their business plan.

Students will use a step-by-step approach to developing their business plan. The business plan is more than an academic and writing assignment; the real value of creating their business plan is in the thinking, researching, and feasibility of their business, evaluating their business and planning for their business venture.

We encourage interested entrepreneurs to consider taking this course. Having a business plan and a vision for your business can be invaluable.

The course will be offered at Northwoods Bank in Park Rapids starting Jan. 12. The class meets weekly for a total of 10 sessions, from 6 to 9 p.m. each Wednesday evening. There is a fee for the class.

A limited number of scholarships are available. For more information, or to enroll, call David or Shai at 732-2256 or send an e-mail to