800-348-5194 (Toll Free in WY)



Adjusting your business plan to survive and thriveBusiness Success Cycle 2 REINVENT.png

If you've done business in Wyoming you know about change.  To maintain a successful business, you need to be ready to shift direction to meet changing markets, economic conditions and consumers.


How do you develop your idea into something that may turn into a business?  Consider the following as a business idea draft:


1. The idea:

  • What’s your idea?
  • What will your product or service that you’ll offer be?
  • Will your business be built from scratch, or do you plan on buying an existing business?

2. Is it feasible?

  • Do you have the skills or experience to be successful at this business?
  • Do you know how much money it will take to start?
  • What are your plans for financing the business?
  • What are your own strengths and weaknesses?  Be honest with yourself.

3. Who’s your market?

  • Who will be your market?
  • Who will your competition be and what are their strengths and weaknesses?
  • If you don’t think you have competition, are you sure?  If that’s true, is the product or service really wanted?
  • What’s unique about your business that will make people want to buy from you instead of this competition?


Tools for the REINVENT stage

 Adjusting to a changing business climate


Financial Health Checkup  Is your business healthy?  Find out with our no-cost Small Business Health Check-up

Sell your business – Tools to help you determine what a fair price is for your business and negotiate accordingly

Succession planning  Of the nearly 19 million U.S. family-owned businesses, only 30% of those family-run companies today succeed into the second generation.  And only 15% survive into the third generation.  A succession plan will help you beat these odds!

Emergency Business Plan – Download our resources to help your business survive a disaster

Sell to the government  Our procurement specialists will assist Wyoming firms with identifying and securing federal, state, and local government contracting opportunities. 

Economic Gardening – Our sophisticated resources bring the research tools of Fortune 500 companies to Wyoming small businesses

International Trade – A portal to various resources available to small businesses seeking to expand into the global marketplace

Trainings, Events, Webinars – Access to our library of education resources for entrepreneurs