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Local entrepreneur gets a boost from Small Business Development Center

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On an average day, Trina Worrell Benjamin handles invoices, returns calls and emails, directs a team of nearly a dozen employees and manages a client roster that has included big names like Rite Aid and Toys“R”Us. She admits her first steps into entrepreneurship were not easy. But with the help of…

Local entrepreneur gets a boost from Small Business Development Center

  • SBDC: Temple University SBDC
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New Year, New Businesses, Pennsylvania SBDC Releases Updated 'First-Step: Starting a Business' Webinar Series

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As the end of 2014 approaches, the Pennsylvania Small Business Development Centers (SBDC) have announced a series of no cost on-demand webinars well-suited for entrepreneurs looking to start a business in the New Year.

The Pennsylvania SBDC’s First Step: Starting a Business webinar series is newly re-designed to walk aspiring entrepreneurs through the process of starting a new business venture. The on-demand instructional series can be viewed on all mobile devices. Six webinars are a part of the series including:

How Should I Structure My Business? (15 minutes) - This webinar will focus on the regulatory implications and business benefits associated with various types of business structures. There is discussion on what factors to consider when choosing your specific business structure and tax designation.

Where Can I Find Funding to Start My Business? (11 minutes) - Hear about types of business financing available to entrepreneurs, learn their respective benefits and sources, as well as the considerations lenders and borrowers need to contemplate before delving into a borrower/lender relationship.
How Do I Sell My Product or Service? (18 minutes) – Entrepreneurs will consider the underlying concerns of marketing their product. During this session one will learn:

  • How to determine a target market and its size
  • Market trends and competitors to consider
  • How to determine price and advertising media
  • Website considerations depending on type of business
  • Some tips on how to conduct market research

Understanding Financial Statements (12 minutes) - During this presentation, prospective business owners will learn the basic attributes of the financial statements required by funders, and discuss their role in depicting the financial picture of an organization.

How Do I Write a Business Plan? (12 minutes) - This session will cover the purpose of a business plan (its major components and their functions), provide an outline of the information most commonly sought after by investors, and provide resources where detailed information about writing a business plan can be found.

Costs to Consider when Starting a Business (16 minutes) – Participants will learn about the potential regulatory and start-up costs of starting and maintaining a business. This includes costs such as federal, state, and local business licenses and permits, taxes, as well as other regulatory requirements and the costs associated with their maintenance.

Individuals who are looking to start their own business can receive confidential, no-fee assistance from the statewide network of SBDCs after viewing these webinars online or attending an in-person First Step seminar offered by their local SBDC. Entrepreneurs can view the current list of educational program offerings by visiting http://pasbdc.org/events.