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Service Detail
New York State Entrepreneurial Assistance Program (EAP) Provider
Learn from experts in finance, marketing, legal & many more
Increase your chances to start and grow a successful business
Get support and network from classmates and graduates
St. Nick's - BBC 60 hr. Business Plan Graduates www.bravespacedesign.com
New York State Entrepreneurial Assistance Program (EAP) Provider
The Entrepreneurial Assistance Program (EAP) was created in New York State by the NYS Omnibus Economic Development Act of 1987. Since its inception, the EAP initiative has helped entrepreneurs create new businesses and has provided in-depth assistance to minorities, women and dislocated workers interested in starting a business.
The EAP establishes centers in local communities to provide instruction, training, technical assistance and support services to individuals who have recently started their own business or are interested in starting a business. The program's EAP centers are strategically located throughout the State.
EAP assists new and aspiring entrepreneurs in developing basic business management skills, refining business concepts, devising early-stage marketing plans and preparation of action plans. In addition, the program actively assists EAP client efforts to obtain business financing. Two thirds of the centers operate or are formally affiliated with a micro-loan fund.
St. Nick's - BBC 60 hr. Business Plan Graduate
sparklingkj@yahoo.com
As a certified EAP provider, St. Nick's Entrepreneur Center provides the following in-depth services to owners and operators of start-up businesses:
Counseling on the feasibility of starting a business
Assistance in refining a business concept and developing a business plan
Education in established management principals and practices
In-depth business counseling in product development and marketing
Guidance in exporting, contract procurement and licensing
One-on-one counseling in identifying and accessing capital and credit
Access to business support networks
Ongoing and continued technical assistance to program graduates including linkages to other small business services.
To sign up for our 60 hour business plan writing course CLICK HERE
New York State Minority & Women's Business Development (MWBD) Provider
The Minority and Women-owned Business Enterprise (M/WBE) Program
The New York City Department of Small Business Services' Minority and Women-owned Business Enterprise (M/WBE) Program certifies, promotes and fosters the growth of local minority and women-owned businesses. Beyond gaining valuable access to City contracting opportunities, companies who get certified as M/WBEs are provided with the tools and training needed to build capacity and grow their business.
Experience the Certified Advantage: Become a City-certified Minority and Women-owned Business!
If you've ever thought about selling to the government, now's the time! Thanks to a local law signed by Mayor Bloomberg in 2005, City agencies are now buying more goods and services from companies who are certified in the City's Minority and Women-owned Business Enterprise (M/WBE) Program. The Program, run by the New York City Department of Small Business Services, connects agencies to companies that are ready to do business with the City.
If your company is at least fifty-one percent owned, operated, and controlled by a woman or a member of an ethnic minority group, has been in business for at least one year, and is headquartered or has a substantial business presence in New York City metro area, you may be eligible to certify as an M/WBE!
The Certified Advantage
Beyond gaining valuable access to City contracting opportunities, certified M/WBEs are provided with the tools and training to advance their potential.
Explore how being certified help your business grow:
New opportunities to be solicited for purchases under $1 million Local Law 129 of December 2005 directs buyers at City agencies to buy more goods and services from certified M/WBE vendors.
FREE advertising in the NYC Online Directory of Certified Companies This searchable electronic directory makes it easy for buyers to find certified businesses.
FREE assistance with bids and proposals Attend any one of our free "Selling to Government" classes, or meet with a procurement counselor to learn how to bid successfully.
EXCLUSIVE discounts for certified companies Save time and money by taking advantage of specially negotiated discounts on computers, college courses and much, much more.
Interested in certification? We can help. As a select member of the City Council supported M/WBE Leadership Association, St. Nick's - Brooklyn Business Center has the tools, knowledge, and experience to get you started. To sign up for an M/WBE workshop or 1on1 assistance CLICK HERE.
QuickBooks & Financial Literacy Workshops
FREE QuickBooks Workshops
Be ready at tax time. As you complete everyday transactions, you'll be automatically tracking tax-related income and expenses, making tax time a snap.
Stay organized. Track the money flowing in and out of your business. Know who it comes from and where it goes. Simple Start keeps sales, expense, and customer information in one place, so it's easy to find what you need when you need it.
Look more professional with easily-customized estimates and invoices. Get totals automatically, without writing formulas or doing math.
Simple to learn and use. Get started quickly. Step-by-step tutorials show you how to create invoices, record expenses, and more. Plus, data you've tracked in Excel spreadsheets can be easily imported.
Grows with your business. Simple Start is part of a family of small business products and services designed to help you do everything from process credit card transactions to track inventory.
To register for one of our beginner or intermediate QuickBooks workshops CLICK HERE
Sources of Funding at all Levels
Traditional Lenders
A private, public or institutional entity which makes funds available to others to borrow. Examples are Chase, BofA and Wachovia.
Microloans
A SBA loan program that helps entrepreneurs get very small loans, from less than $100 to $25,000
Microloans from the SBA can be used for machinery and equipment, furniture and fixtures, inventory, supplies and working capital, but can't be used to pay existing debts. Microloans are administered through nonprofit intermediaries using SBA funds. Terms are usually short, and application turnaround time is less than a week. These organizations receive loans from the SBA and then turn around and make loans to entrepreneurs. The intermediaries will often walk you through writing your business plan and taking inventory of your business skills.
Investment Angels
An individual who provides capital to one or more startup companies. The individual is usually affluent or has a personal stake in the success of the venture. Such investments are characterized by high levels of risk and a potentially large return on investment.
Angel Investor
Keep the following in mind when crafting your pitch to investor angels: When angels reject a potential investment, it's typically because 1) they don't know the key people well enough or 2) they don't believe the owner and management have the experience and talent to succeed.
Definition: An individual who invests his or her own money in an entrepreneurial company
Originally a term used to describe investors in Broadway shows, "angel" now refers to anyone who invests his or her money in an entrepreneurial company (unlike institutional venture capitalists, who invest other people's money). Angel investing has soared in recent years as a growing number of individuals seek better returns on their money than they can get from traditional investment vehicles. Contrary to popular belief, most angels are not millionaires. Typically, they earn between $60,000 and $100,000 a year. Which means there are likely to be plenty of them right in your own backyard.
Venture Capital
VC. Funds made available for startup firms and small businesses with exceptional growth potential. Managerial and technical expertise are often also provided. also called risk capital.
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New York State Entrepreneurial Assistance Program (EAP) Provider
