IBSA, Inc.

IBSA Provides Entrepreneurial Training in the KC Metro Area

Aug 17, 2006

The Kansas City Branch of IBSA is currently seeking individuals interested in starting or expanding a business venture in Wyandotte, Leavenworth and Johnson County Kansas.

We offer individual training and will establish groups thoughout the year as needs and interest arise.

IBSA promotes and utilize a combination of three nationally-acclaimed entrepreneurial training courses: Small Business Administration (SBA), First Step FastTrac and the National Foundation for Teaching Entrepreneurship program (NFTE). Other business courses may be available online through IBSA and Gatlin Educational Services.

In addition to training, students receive case management services that assist in dealing with personal challenges and referrals to other community resources. Child care reimbursement and transportation assistance may also be available from the referring agency.

Upon successful completion of either class, graduates are encouraged to participate in the Alumni Group, a self-directed network of program participants who meet regularly to network, share, and learn from each other and special presenters. Graduates may also take advantage of identified Microloan and other community Mentor Programs.

Nature of the Programs:
Our entrepreneurship programs are combined to introduce basic business concepts to low- to moderate-income individuals who have little or no business experience. Classes begin at various times throughout the year. To begin the application process, participants may have to meet WIA or other income eligibility standards to attend orientation sessions scheduled before each new class.

From a staff of one qualified instructor and four business counselors, students learn how to develop a feasibility plan for a business concept or existing business. The feasibility study answers one basic question: is this business going to work given personal characteristics, the market, and the financial analysis? If the business proves feasible, a student can work with staff to develop a business plan from the feasibility study. Other business concepts such as marketing, price and profitability, and resource development are also covered. Financial assistance in lauching or expanding our clients businesses are provided through angel funding and other investing groups outside of traditional banking avenues for those who can't get financing through traditional means.

TOPICS ADDRESSED DURING INDIVIDUAL CONSULTATION
Intermediate: Understanding the basics

1. Your Competitive Advantage: Tactics and Strategies
2. Keeping Good Records
3. Negotiation
4. Consumer Analysis and Developing Your Marketing Mix
5. The Production/Distribution Chain
6. Technology
7. Business Communication
8. Quality
9. Cash Flow
10. From The Wholesaler's to the Trade Fair
11. Trade Fair Financials
12. Principles of Successful Personal Selling
13. Protecting Your Intellectual Property Intermediate Business Plan Review
Advanced: What all DBE's need to know to Grow

14. Small Business and Government Procurement
15. Supply and Demand
16. Break-Even Analysis
17. Franchising and Licensing: Capitalizing on Your Brand
18. Contracts
19. Rising Capital: Other People's Money
20. Venture Capital
21. Putting the Right Management Team in Place
22. Bonds and Other Debt-Based Financing Strategies
23. Insurance and Other Operating Costs
24. Manufacturing: From Idea to Product
25. Future and Present Value of Money
26. Ethical Business Behavior
27. Building Good Personal and Business Credit
28. The Balance Sheet: A Snapshot of Your Business
29. Socially Responsible Business and Philanthropy: Giving Back to Your Community
30. Building Lifelong Financial Relationships
Advanced Business Plan Review

ADDITIONAL AREAS OF STUDY

Analysis of Product Costs and Pricing
Business Plan Assistance
Cash Flow Analysis
Financial Projection Development
Human Resource Activity Assessment
Identification of Sources of Capital and Financing
Market Research Assistance
Marketing Plan Development
Review of Advertising Strategies


Contact Information: Lazone Grays

Email: ibsa@myway.com

Phone: 913-240-6247