Entrepreneurship 101 Workshop Offered for Small Business Start-ups

749392fb08290e34b97e_spotlight_on_business_graphic.jpg
749392fb08290e34b97e_spotlight_on_business_graphic.jpg

Starting a small business is a risky proposition.  Thirty percent of all new operations go out of business within two years and that number increases to just about 50% in five years.  How can a would-be entrepreneur come out on the winning end of those odds?

The answer is solid preparation and a realistic assessment of the market before the ‘open for business’ sign is hung.  That’s why UCEDC, a statewide nonprofit economic development corporation, is offering an intensive six-week workshop for start-up businesses (those in the idea/planning phase or in operation less than a year).  The next session of Entrepreneurship 101:  are you really ready to start your business? is scheduled for Thursday evenings (6:00 – 9:00 pm), April 12 – May 17, 2012 at UCEDC’s headquarters in Union.

A Reality Check for a Business Dream

Sign Up for E-News

Participants will be guided through a real-world assessment of their business idea and market feasibility as well as their own ability to handle the demands of business ownership.  The steps to opening a business in New Jersey, choosing a legal structure, developing a business plan and establishing cost, revenue and cash flow projections will be addressed in a variety of interactive exercises.

“Being a business owner is hard work and this workshop is equally demanding,” says Erich Peter, UCEDC’s Director of Training. “But we’re going to work with you both in and outside of the classroom to make sure that the class material is relevant to your specific needs.  And, we stick with our graduates for 12 months, providing free mentoring and counseling services.”

Lasting Insights Gained in Six Weeks

Recent graduate of the entrepreneurial program, Donna Schmidt, RN, owner of Cleansing Waters, a colon hydrotherapy practice in Westfield, credits the workshop with showing her how to carefully scrutinize the value and effectiveness of marketing and advertising options.  “When you start your own business, everyone’s hand is in your pocket,” she says.  “Had I not gone to the workshop,  I would probably still be all over the map, thinking every offer that came to me was the next big thing to get my business out there.”

Olive Lynch enrolled in the workshop to take advantage of the individualized mentorship.  Her Plainfield-based company, Green Waste Technologies, utilizes a unique approach to creating biofuel from food waste.  “I knew this idea was big and I wanted to get as many good ideas and as much help as I could, ” Lynch recalls. "Erich (UCEDC director of training, Erich Peter) really helped me understand how to assess the value of my company and my efforts and that's kept me from entering into some unwise business relationships."

Entrepreneurship 101 is a component of UCEDC’s Entrepreneurial Training Initiative, an ongoing small business training effort, offered in partnership with the New Jersey Economic Development Authority.   Sessions for start-ups and established businesses are held throughout the state.

Registration is now open for Entrepreneurship 101.    Complete information can be found on the UCEDC website  at www.ucedc.com/events  or by calling 908-527-1166.

 

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Scotch Plains/Fanwood

Summer Life Guard Job Opportunity in Union County

April 10, 2018

UNION COUNTY, NJ - Summer lifeguard positions are available at Union County’s public swimming pool, the Walter Ulrich Memorial Pool at Rahway River Park in Rahway.

“Union County’s Ulrich Pool provides our youth and adult summer job seekers with an opportunity to enjoy working outdoors in the fresh air all summer long while sharpening valuable life skills including leadership, ...

Why We Keep Kosher

Why We Keep Kosher

This week's parshah, Shemini, introduces the Torah's dietary laws. Animals must chew their cud and have split hooves to be kosher, fish need fins and scales, and a list of forbidden fowl is enumerated.

To those of us in Jewish education, it is a continuing source of disappointment that so many Jews still believe the kosher laws to be outdated.

Politics IS Government in Union County

April 21, 2018

Dear Editor:

After Bruce Patterson of Garwood was stopped from speaking at the Union County Freeholder meeting of March 22 regarding the politics behind refusing to give the party line to a sitting Freeholder, I thought this brazen suppression of free speech could not go unanswered.

At the April 19 meeting I answered with these comments.

After ten years of following government in Union ...

Helping Teenagers Deal with Prom Night Stress

April 18, 2018

Prom can be one of the most exciting times for your teenager but at the same time one of the most stressful. 

It can also be very stressful for parents as they prepare themselves to accept that their teenager is graduating and soon going away to school, while planning a weekend away after prom night. Going to the Shore for the weekend or somewhere overnight has become more of the ...

Scotch Plains Public Library to Host Star Wars Craft for Teens

April 24, 2018

May the Fourth be with you!  Teens in grades 5-12 are invited to the library on Friday, May 4 at 3:30 pm for a Star Wars-themed craft.

For more information or to register, visit www.scotlib.org, email library@scotlib.org, call (908) 322-5007 x 204 or stop by the Reference Desk.

The Scotch Plains Library is located at 1927 Bartle Ave., one block from Park Ave. in the center of ...