Entrepreneurial Training Series Offered in Eastern Kentucky

The Southeast Kentucky Economic Development Corporation is offering a series of 4-week business trainings called "Entrepreneurial SMARTS" (Simple Methods And Reality-based Training for Success) throughout 2013 in Corbin, Prestonsburg, Somerset, Hindman, Liberty and Pikeville. Here's the info from their website:

Southeast Kentucky Economic Development Corporation (SKED) is hosting a nationally recognized entrepreneurial and small business training program at 10 locations across Southeast Kentucky. Based on the nationally acclaimed Core Four™ Business Planning Course, developed by the Northeast Entrepreneur Fund in Virginia, MN over a decade ago, this curriculum has been used by community colleges, continuing education classes, community development financial institutions, micro lenders and small business development centers. This training has helped to build businesses ranging from small $500 home-based startups to $1,000,000 business expansions.

Training consists of four 3-hour sessions, one session per week for four weeks, at each of the 10 selected locations. Upon completion of all four training sessions, participants will receive a certificate recognizing their achievements, and will be eligible to apply for business startup or expansion funding from SKED’s loan funds. Space is limited at each site so register early.

Who should attend?

  • Entrepreneurs
  • People with a business idea
  • Prospective business borrowers
  • Unemployed wanting to become an employer
  • Anyone interested in successful business management
  • Struggling business owners
  • Owners of growing or changing businesses
SMARTS Sessions:
I. Success Planning – Week One
Are You an Entrepreneur?
Your Business, Your Dream

Characteristics of a Successful Business Owner
What Do You Expect From Your Business?
What Does Your Business Need From You?
Creating a Business Plan….and more

II. Market Planning – Week Two
Identifying Your Products or Services
Advertising, Marketing, Promotions – What’s the difference?
Who’s Your Competition?
Pricing Your Products or Services
Building Your Marketing Plan….and more
III. Cash Flow Planning – Week Three
Business Financial Goals
Projections – Startup cash, operations
Successul cash flow planning
Sales projections
Understanding financial reports
Business Financial Goals….and more
IV. Operations Planning – Week Four
Legal business structures
Taxes (tax identification numbers, business taxes, employment taxes, etc)
Employer issues
Insurances / Permits
Customer Service…and more
What do you get?
  • 12 hours of concentrated, focused training on starting and managing a small business
  • Core Four™ Student Manual (over 260 pages of instruction, worksheets and resources)
  • Blueprint for building and growing a business
  • Discounted registration fee due to program support by SKED and ARC
  • Sample business plans
  • Refreshments at each session
  • Certificate upon completion
  • Eligibility upon completion to apply for SKED loan funds for business startups or expansions
  • Credibility with potential investors, banks and other lending agents
  • Networking opportunities with other entrepreneurs and small business owners
  • Ongoing technical assistance -loan application, business startup, operations -from SKED

To see the dates and locations, to get more information and to register, visit SKED's website.