Mentorship in Finance

Posted: Friday, August 12, 2011 by Morris in
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There are plenty of million dollar ideas out there, but when searching for ways of financing them and getting sound advice, those ideas slowly become discouraging. In this blog post, I have a glimpse of hope for people that are persistent about getting their million dollar idea off the ground. There are actually quite a few options available to finance start-ups, but beyond that mentorship is key. Two sites that I am going to share are the Association for Enterprise Opportunity and the Economic Development Association.

The Association for Enterprise

This organization is a one-stop shop resource for under-served entrepreneurs. They major on getting the right information to those striving to become successful and provide jobs to their local communities. They have a track record of over 2 million success stories of entrepreneurs supporting themselves, their families, and the communities they live in. I appreciate, amongst all the info on the Enterprise website, that there is a place where you can find statistics about enterprise opportunities within a particular state. Also there is a resource that also allows you to find an organization that can help support you and your business venture. One quote that I found to be very insightful on the site was that “if one in three microenterprises in the United States hired an additional employee, the US would be at full employment.”

The Economic Development Association

The purpose of this organization is to generate, sustain, and stimulate growth in distressed areas within the United States. These places include rural and urban areas In the U.S. that are low income, and high in unemployment. Similar to the previously mentioned organization, the EDA majors on empowering various communities to look from within and take on their problem and take action to move in a positive direction. That direction is in the area of creating jobs, and enterprises within their own community. If any one knows what’s best for a community are those that live within that environment. One new investment that has been funded in Florida is a $472,000 initiative in Jacksonville for Fresh Ministries to expand their Beaver Street Enterprise Center. Going along with the mission of EDA, this enterprise expansion will create technology jobs.

I really enjoy that these two organizations provide key support for those that have come to a stand still in their business endeavors or for those that are at a pivotal position to expand. Leading people in the right direction is help that is hard to come by these days. As an aspiring entrepreneur being successful and creating jobs are goals, but receiving mentorship from organizations like the EDA and Association for Enterprise are on the list as well.

A businessperson can never have too many resources in their corner. I look forward to learning more about the services these two sites have to offer, and am more excited to get closer to getting my business venture off the ground…

closer to becoming that million dollar idea,

~Morris


Resources:
EDA Website
Association for Enterprise Website

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