Entrepreneurs are widely credited with being a vital part of the U.S. economy. In addition to providing an economic boost to the owner, new companies also are a boon for their suppliers and their employees.
So your great idea for your own business might be worth exploring. For Lehigh Valley residents, there are several affordable options to help you start investigating whether you should start your own business, including assistance in writing business plans.
Read on to learn more about Community Action Committee of the Lehigh Valley’s and Lehigh University’s Small Business Development Center’s classes for budding entrepreneurs.
SBDC’s First Step seminar covers topics such as what is needed to get started, obtaining financing, licenses and applications that are needed and the importance and function of a business plan, marketing plan and financial plan. The 1.5-hour session costs $25 and is held every other month.
Start Your Business Classes
CACLV holds Start Your Business classes through both Community Action Development Corporation of Allentown and Community Action Development Corporation of Bethlehem. The 19-week class combines seminars and workshops on financial planning, marketing and promotion, accounting, tax preparation, and networking in addition to basic business skills. Local successful business owners and experts assist in presenting course material and guide participants through the process of writing a business plan. The courses are held twice a year and the fee is based on location and income.
CADBA and CADCB both provide ongoing technical assistance to both graduates and non-graduates of its Start Your Business program. Their one-on-one assistance includes:
- Defining & Clarifying Business Vision
- Developing a Marketing Strategy & Plan
- Establishing Recordkeeping Procedures
- Analyzing Business Costs & Budget
- Preparing Cash Flow Projections
- Teaching Computer Skills
- Understanding & Managing Risks
- Assisting in Finding Business Location
- Registering, Permitting and Licensing
- Referrals for Credit Counseling
- Preparing for a Loan
Concannon Miller is personally acquainted with the key personnel at these organizations and can help you navigate with various agencies and programs to determine the route for maximizing your opportunities to get your business on the path for greater success. Many of these organizations provide businesses with free or discounted assistance. Contact us here for more information.
Looking for more grant and tax credit opportunities? Check out our Business Guide for Growth, which offers details on more than 40 tax strategies, grants, credits, low-interest loans and other business resources to help companies grow. Download your copy here.