Small Business Academy - powered by CO.STARTERS

Small Business Academy is a three-month program that provides participants with the knowledge, relationships, and tools necessary to turn business ideas into action. The only requirements to join the program are (1) have an idea, (2) be willing to question, shape, and improve that idea, and (3) be willing to talk about the idea with others. In this facilitator-led, small-group program, participants develop and refine their ideas, critically examine each part, and determine what to do next through real-time feedback from people in the community. This approach allows participants to quickly discover potential problems in their concepts and find viable models more quickly. Participants leave the program with the tools and skills necessary to create a sustainable business.

In partnership with Owatonna Community Education, with funding provided in part by SMIF's Prosperity Initiative. $275 for materials, reimbursed upon completion of 8 out of 10 classes. Scholarships and materials in Spanish are also available, as well as accommodations for Ramadan. Classes are held at OABDC: 1065 24th Ave. SW, Owatonna, MN 55060. Mondays from 5 p.m. to 8 p.m., Jan 26-March 30, 2026.

Info: Introduction, Assumptions, Working Styles, Team Building, Obstacles

Info: Customer, Problem, Alternatives, Idea Testing

Info: Solution, Benefit, Advantage, Starting Small, Brand Identity

Info: Marketing and Message; Getting, Keeping, and Growing Customers

Info: Distribution, Revenue, Typical Offering, Price

Info: Legal & Accounting Considerations

Info: Startup & Ongoing Needs, Fixed & Variable Costs, Break-Even Point

Info: Break-Even Point, Sales Projections, Cash Flow, Raising Capital

Info: Growth Plans, Goal Setting, Celebration Prep

Info: Present Your Idea, Celebrate

Know what’s Happening Next — before everyone else does.

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Host or Publisher Owatonna Area Business Development Center