Vernon I&E Club: Identifying costs and what they mean

Contributed by SUE NOBLE

Vernon Economic Development Association

What does it cost to run a business or develop new products? At the next Vernon County Inventors and Entrepreneurs Club meeting, learn how to find all the costs associated with starting and running a business or expanding and adding new product lines.

Aaron Reimler, business and income developer for Couleecap Inc., will help entrepreneurs better understand bottom lines, reasonable break-even points, and financial projections in their business plan. Using the lean business model canvas, he will show the importance of identifying fixed, variable, and start-up costs, and how they can be used in a business plan to help get funding for start-ups and expansions.

Reimler will also give a taste of the CO.STARTERS curriculum, introduce an action-driven approach to model building, and explain the importance of identifying these costs in creating a model to help test new ideas.

The meeting will be Wednesday, April 10, at the Food Enterprise Center, 1201 N. Main St. in Viroqua. Networking will start at 5:30 p.m.; the program will begin at 6 p.m. The I&E club is organized jointly by Vernon Economic Development Association and Viroqua Chamber Main Street. For more information, contact Sue Noble at [email protected] or 638-8332 or Nora Roughen-Schmidt at [email protected] or 637-2575.

The meetings are free, and no reservations are required. Whether you have an idea or just like to think business, join in for a dynamic evening of networking with lots of creative people. Everyone is welcome.

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