SBA Entrepreneurship Track- Boots 2 Business Element 33 Pg. 169 Element 18 - DOLEW

Intro to Entrepreneurship Provides an overview of entrepreneurship and applicable business ownership fundamentals. Participants are introduced to the skills, knowledge, and resources they need to launch a business.

Overview Plan your business Market research Write a business plan Calculate start up costs Fund your business Element 18 - DOLEW

Market Research Demand Market size Economic indicators Location Market saturation Pricing Element 18 - DOLEW

Write a Business Plan Customer relationships Channels Cost Structure Revenue streams Element 18 - DOLEW

Calculate Startup Cost . Element 18 - DOLEW

Funding your Business

Funding your Business Cont’d Venture capitalist Crowdfunding Small business loan Element 18 - DOLEW

Small Business Association Loans Who is eligible? Small businesses owned and controlled (51% or greater) by Veteran: o Honorably discharged veterans o Service-disabled veterans o Active-duty military service member eligible for the Transition Assistance Program (TAP) o Active reservists and/or National Guard members o Current spouse of any veteran, active duty service member, reservist, National Guard member, or the widowed spouse of a service member who died while in service or as a result of a service-connected disability. Element 18 - DOLEW

Small Business Association Loans Cont’d All 7(a) loans $125,000 and under: No up-front fees on loans for all borrowers. Terms up to 10 years for equipment and up to 25 years for real estate. 7(a) loans $125,001 to $350,000: Fees are reduced by 50% for eligible borrowers (above). SBAExpress Loans $150,001 to $350,000: No up-front fees on all SBAExpress loans for eligible borrowers (above). Two page application and expedited approval. www.sba.gov/veterans Element 18 - DOLEW

Questions? Element 18 - DOLEW