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This program is designed to train business owners on the basic business principles needed to run a successful company. Participants must have a small business in Davidson County that has been affected by the COVID-19 pandemic to attend the 2020 Cohort starting in October.
This October program is ideal for individuals who are in the beginning stages of business development and need exposure to the basic principles needed to run a successful, sustainable company, have been operating only a few years and need a better understanding of some business basics, or were shut down during the pandemic and need support with pivoting or reopening.
Entrepreneurs who complete FOUNDATIONS have the opportunity to:
– Join a community of like-minded professionals.
– Complete a proven business development curriculum.
– Apply for a $25,000 business loan from First Horizon Bank.
FOUNDATIONS is offered on a quarterly basis in the evenings at the Nashville Business Incubation Center. The course is offered for free for all participants.
ENTREPRENEUR TRAINING PROGRAM
Participants will become equipped with the necessary tools to re-establish or grow their own business. Each participant will investigate strengths and weaknesses in the personal traits assessment, learn the different facets about entrepreneurship, and complete a business plan during the 8–week session.
Many people have dreams of starting their own businesses. These dreams go undeveloped for years due to fear and various obstacles that plague startups. Lack of access to capital and funding, limited business training, and the absence of critical resources tend to get in the way of dreams and the appeal of possibility. Those in low-income, low-wealth communities have a more difficult time acquiring funding for their businesses due to a shortage of capital and limited access to financial services.
This intensive 8-week course, rooted in entrepreneurship training, allows participants to learn and master critical business basics and topics.
Designed to empower aspiring entrepreneurs with the tools and skills to successfully navigate small business ownership, the Foundations Training Program combines business training, personal development, access to professional services, and financial counseling through partnerships with a direct network.
Our goal is to remove the fears associated with small business ownership caused by the many obstacles, barriers, and limitations one may meet.
Online Networking and Training Materials will be supplied.
Agenda
WEEK 1: Thursday, October 8, 2020 – Class: Evaluating Feasibility
WEEK 2: Thursday, October 15, 2020 – Class: Selecting A Business Name
WEEK 3: Thursday, October 22, 2020 – Class: Business Plan Outline
WEEK 4: Thursday, October 29, 2020 – Class: Market Research and Advertising
WEEK 5: Thursday, November 5, 2020 – Class: Required Start-Up Money (Budgeting)
WEEK 6: Thursday, November 12, 2020 – Class: Financial Statements
WEEK 7: Thursday, November 19, 2020 – Class: Suppliers and Distribution Channels/ Credit and Access to Capital
WEEK 8: Thursday, December 3, 2020 – Presentations/ Graduation
Student Learning Outcomes
The Participant will:
FAQS
Will this class be offered virtually or in person?
Due to Covid-19, this class will be offered virtually via Zoom.
How can I contact the organizer with any questions?
Please email nbic@nbiconline.com for general information. To learn more about specific opportunities with NBIC, email Arnella Williams-Foster at afoster@nbiconline.com.