Where We Started
In April 2020, Leah Ward-Lee, serial entrepreneur and author of $1,000 Start-Ups, and Tony Lee, business owner and author of The Bartender’s Guide to Financial Freedom, were looking for a way to help during the Covid-19 epidemic. They decided to offer Zoom courses and up to a $1,000 business start-up funding to anyone in the local area who successfully completed the course work.
In less than a week, they shared the information with their friends and with the Steering Committee of Breaking the Barriers – Cracking the Codes and scheduled two information sessions.
The Businesses That are Involved
There are twelve businesses participating in the program
- A retired educator who was already in the process of launching a business as a Doula. A doula is a trained companion who is not a healthcare professional and who supports another individual through a significant health-related experience, such as childbirth.
- A high school senior who is launching a business as a personal trainer.
- A social worker who has three children at home, is a certified herbalist and who has developed and is launching a product line.
- A mechanical engineer who has studied renewable energy is launching a business installing residential home energy packages.
- A young mother is launching a product line of CBD edibles and intends to open a cafe in Colorado.
- A retired psychiatric nurse has written and plans to self-publish a book about how to get help for your loved ones.
- A young man with fashion sense is launching a business as a model that will lead to a product line.
- A father with a young daughter has already launched a commercial cleaning business but has joined the class to network and develop a growth path.
- A substitute teacher and mom with two children is a gourmet food producer and is launching a product line that will lead to a food truck.
- An experienced entrepreneur is launching a business that will fund the establishment of a local shop that sells both her products and those that are locally produced.
- A graphic designer with a web design business is launching a pet portrait business.
- An author who works in the service industry and is an owner of a handyman business.
What Has the Class Been Doing?
In the Entrepreneurship Class we’ve:
- Developed a Brief Business Description and a Professional Bio
- Conducted a Competitive Analysis
- Learned about Marketing Tools
- Began Developing Our Marketing Plans
In the Financial Management Class we’ve:
- Developed an Understanding of How Much We’re Spending Each Month
- Set a Goal to Reduce that Spending by 10%
- Started Tracking our Progress against our Spending Goal
- Developed a Contingency Plan that Included a “Side Hussle” to Increasing Savings and Reduce Debt
What’s Coming Up in June for the $1,000 Start-Ups 2020 Launch
In the Entrepreneurship Class we’ll be:
- Completing Our Marketing Plans and Learning to Build a Facebook Business Page
- Learning About Registering Our Businesses and Applying for Licenses
- Designing Our Prototypes
- Preparing for Our In-House Prototype Fair
In the Financial Management Class we’ll be:
- Learning to Tame the Paper Tiger
- Managing and Prioritizing our “To Do” Lists
- Establishing a Weekly Business Meeting
- Raising Our Credit Scores
Follow the $1,000 Start-Ups 2020 Launch
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Leah Ward-Lee is a management consultant and business writer based on Amelia Island, Florida and the author of $1,000 Start-Ups.