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I'm a: Business Incubator Tenant Student Investor July 4, 2008
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BASIC Business Boot Camp

November 3, 2007
Louisiana Tech University
College of Business
Ruston, LA

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The prospect of starting a new business is exciting and challenging. Successful entrepreneurs must thrive in a competitive economic environment while managing the administrative responsibilities of business ownership. During the startup phase, many complex tasks and decisions occur simultaneously. The Basic Business Boot Camp helped participants understand how to assess the feasibility of business ideas and taught how to start the business pl anning process.

                                                                        

  Topic Covered

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Determining if Entrepreneurship is for You; presented by Ms. Kathy Wyatt
Provides information about deciding whether entrepreneurship is the right career path.
To view presentation slides, click the following link.

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Defining the Opportunity; presented by Dr. Douglas Amyx
Provides information on significant factors that affect the sales potential of products or services, so that a cursory assessment of business feasibility can be conducted.
To view presentation slides, click the following link.

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Bringing the Right People on Board; presented by Dr. Rebecca Bennett
Provides information on considerations in building a team for initial management and operations of the business, which will allow participants to define staffing needs and prioritize staffing activities.
To view presentation slides, click the following link.

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Calculating the Financial Needs; presented by Mr. Jimmy Love
Provides information about the basic budgeting tools and financial calculations, enabling participants to generate a rough estimate of funding needs.
To view presentation slides, click the following link.

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Understanding the Startup Process;
presented by Ryan Madden and Chris Barr
Provides an overview of factors influencing choice of  legal business entity, that will help participants decide which legal form is most appropriate for their business.

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Learning from Experienced Entrepreneurs
A panel discussion advising how participants can prepare for business ownership, to help them avoid mistakes commonly made by novice entrepreneurs.

                                            Useful Links                                           

Resources Available at Louisiana Tech University’s Prescott Memorial Library
Book Titles with synopsis

Entrepreneurial Evaluation
Self Evaluation- http://www.goventure.net/site/network/tools/selfEvaluation/
SBA Business Readiness Assessment Tool-
http://app1.sba.gov/sbat/index.cfm?Tool=4
Business Owner’s Toolkit Evaluating Your Chance for success-http://www.toolkit.com/small_business_guide/sbg.aspx?nid=PO1_2000

General Research Sources
You Are Where You Live- http://www.claritas.com/MyBestSegments/Default.jsp?ID=20
U.S.
Census Bureau- http://www.census.gov/
U.S. Department of Labor Bureau of Labor Statistics- http://www.bls.gov/
Business Benchmarking Statistics & Financial Ratios- http://www.bizstats.com/
Federal Government’s Gateway to Information & Resources for Business- http://www.business.gov/
CIA The World Factbook- https://www.cia.gov/library/publications/the-world-factbook/index.html

Evaluation Tools
Idea Website- http://www.goventure.net/site/network/tools/ideaWrestler/
Business Owner’s Toolkit-Business Selection Checklist- http://www.toolkit.com/tools/downloads/buslchek.rtf

Assistance & Support for New Ventures
Business Guides provided by LA Tech TBDC- http://enterprise.latech.edu/startup_guide.php