Participants in the CUNY CareerPATH Entrepreneurship Program learn how to start-up and operate their own small business through an in-depth examination of the requirements, process and possible outcomes of starting a new business.
Do you know of someone who truly exemplifies entrepreneurship? An individual who went past dreaming to actually do, and opened up the corner shop that sells custom-colored bikes? Entrepreneurs like this are who we need to keep the city moving and develop products that better the community it serves. Nominate that individual for The Entrepreneur Award on.nyc.gov/NAA2013
How Much Financing Do You Want?
It happens at least once a week: I’ll ask a business owner applying for a loan how much money he or she needs and I will get an answer like, “as much as you can get me.”
Find Space – and Other Resources – at an Incubator
Running a business in its early stages can be difficult and costly in terms of rent, staffing, professional services, and advice, among other things. Participating in a business incubator can help startups to be successful as they develop.
Incubators usually offer lower-than-market-rate rents, access to on-staff consultants, and access to other entrepreneurs who are working through similar challenges of starting and growing a successful business. The word “incubate” literally means to protect and support, thereby enabling healthy growth and development.
Goldman Sachs 10,000 Small Businesses
Goldman Sachs 10,000 Small Businesses is currently accepting applications from the New York City area to enroll in the program’s seventh class.
Cash is King: Cash Flow Made Simple
How can a hugely profitable company fall behind on its rent? When is winning a large contract bad for your business? The explanation behind these perplexing questions is a business concept called cash flow. I mentioned cash flow before, when I talked about making projections for your business, but never explained how cash flow can impact a business’ day-to-day operations.
As you will soon learn, however, there’s a good reason why so many business experts agree: “cash is king.”