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Marion offers Small Business Boot Camp

Published On: May 08 2013 07:33:12 AM CDT
Updated On: May 08 2013 12:28:45 PM CDT
Marion downtown

MARION, Va. -

The Town of Marion is offering a shortened, "more intense" version of its popular "Small Business Boot Camp Tuesday evenings in June at the Marion Town Hall.

The program offers participants information designed to prep them to draft their own business plan and present to the class for the opportunity to win up to $5,000 in grant funds to offset rent and utilities for the first six months of operation to qualifying businesses locating in Marion's historic downtown and business district.

"This is a shortened, more intense version of the eight-week class we usually offer," said Ken Heath, class organizer.  "We realize folks' time gets tight in the summer, and we want to continue to offer this great opportunity for entrepreneurs to hone their skills."
The class is offered free of charge, and existing business owners, along with entrepreneurs from across the region, are welcome to participate.  "We've had folks from Blountville to Richlands to Wythe County join us for the class," said Heath.  "The class is open to everyone, but the competition for grant funds is restricted to businesses locating in Marion and our downtown district.  But we have great partners that can offer financing just about anywhere."

"The normal eight-week class covers the topics of small business a little more in depth," said Heath.  "This class is more for folks who have a basic understanding of the business plan, or maybe have had a business in the past.  We're covering a lot of ground in a short amount of time, and bringing in experts in each of the fields to answer specific questions each night."

The class is offered through a grant from Virginia Main Street and from Wells Fargo.  It is a partnership between the Town of Marion, Marion Downtown!, People Incorporated, The Virginia Department of Business Assistance, and local sponsors.  Preregistration is encouraged to guarantee seating.  The group will offer their traditional eight-week class again in Fall 2013.

For additional information on Marion's "Small Business Boot Camp" call Marion Downtown at (276) 783-4190 or email kheath@marionva.org <mailto:kheath@marionva.org>

WHAT:  MARION SMALL BUSINESS BOOT CAMP AND POP UP MARION PROGRAM

WHEN:  TUESDAYS IN JUNE,  6:00 - 9:00PM    MARION TOWN COUNCIL CHAMBERS

INFO:  This four week class is designed for existing business owners and entrepreneurs who have either previously completed one of our "Boot Camps" or have worked on a business plan to understand the basic concepts of small business.   The intense pace of this class will take three weeks to explore in-depth three of the major concepts of small business success presented by local experts in each of the three topics.  On the fourth night, participants will present their plans to be eligible for up to $2,500 in funding to expand their existing small business or to start their own small business.  THE GRANTS ARE LIMITED TO TWO (2) DOWNTOWN BUSINESSES AND ONE (1) TOWN OF MARION BUSINESS.  The class is open to everyone; however, due to grant restrictions, only eligible businesses that are currently located in a target area and are expanding or eligible businesses locating in a target area can receive the grant funds.

COST:  Cost for the class is FREE, but pre-registration is STRONGLY ENCOURAGED to reserve a seat.

INSTRUCTORS:  KEN HEATH, BECKY NAVE, SANDY RATLIFF

TUESDAY, June 4              Introduction to Small Business.  Business plan outline, how to choose your business, your structure, your market, and your location.   
TUESDAY, June 11            Legals and Financials:  Regulations and Forms, Debt, Cash Management, Balance Sheet, Operating Statement, Personal Financial Statement, , Cash Flow Statement,  Ratio Analysis, and available sources of funding.          
TUESDAY, June 18            Marketing and Management:  Principles for Success.   
TUESDAY, June 25            CLASS PRESENTATIONS