Community Bootcamp for Entrepreneurs:

Photo by Lindsay Stayton

BizStarts has been serving entrepreneurs in the Milwaukee region for over a decade. Seeing the need in our community for a credentialed system of learning “Entrepreneurship in Adversity”, we are proud to announce our newest program BizStarts Institute. In creating our new program BizStarts sought support from the University of Notre Dame Professor, Michael Morris. Michael’s programs are renowned for creating companies from people in poverty throughout the world. BizStarts Institute is intense, hands-on exposure to the fundamentals of launching and growing a successful venture, taught by seasoned faculty, subject matter experts, and successful entrepreneurs. The bootcamp occurs on six consecutive Saturday mornings starting on Sept 26th. Year long mentorship is available after the initial 6-week program!

Topics covered in the Community Bootcamp:

  • Address all facets of a successful venture
  • Ranging from the development of a viable business concept to understanding your market
  • Designing your profit model
  • Setting up operations properly
  • Marketing your venture
  • Understanding the basic numbers

Our underlying focus is how to think and act in entrepreneurial ways—including how to do more with less—and how to grow a venture when you have little in the way of resources. The approach will be interactive, so participants will be encouraged to bring business ideas and challenges into the weekly discussions.

We have a teach by doing approach:

  • You won’t just learn accounting, but will actually put your numbers into books.
  • You won’t just learn marketing, but will actually run social media pages.
  • You won’t just learn sales, but will know where to find customers.

Venue:

To Be Determined

Program Cost & Scholarships:

We want you to first know that we have several scholarships available based on need. The program cost is $1000, but we don’t want that to discourage you from applying! When you apply, you’ll automatically be entered into the scholarship consideration.

Schedule:

Session 1: Sept. 26th – Bootcamp Basics: The Entrepreneurial Dream

It All Starts with an Idea; Thinking the Entrepreneurial Way; The Nature of the Entrepreneurial Experience; Entrepreneurship as a Process; Entrepreneurship as a Journey; Why Anyone Can Do It; Key Competencies and Skills; The Four Types of Ventures that Entrepreneurs Start; The Commodity Trap; Opportunity versus Concept.

Session 2: Oct. 3rd – What You Need to Know About the Numbers

Understanding Your Model for Making Money; Basic Economics of Your Business; Determining How Much You Have to Sell to Survive; What You Really Need to Know About Financial Statements; Why Cash Flow is King.

Session 3: Oct. 10th – Planning, Thinking Strategically, and Managing Your Risk

Working On Your Business Not Just In Your Business; Planning versus the Business Plan; Audiences for Plans; The Logic and Structure of a Good Plan; Mistakes Made in Writing Your Plan; How to Use the Plan; Strategic Thinking, Your Profit Model, How to Address the Commodity Trap; Mitigating Risks Surrounding Your Business.

Session 4: Oct. 17th – Getting Resources (including Money) When You Do Not Have Any Money

Getting Resources When You Don’t Have Any; How to Bootstrap and Leverage Resources; What About Money?; How Much Money; Sources of Money; When to Use What Source; How to Approach the Various Sources; What an Entrepreneur Needs to Know About Negotiation.

Session 5: Oct. 24th – Customers Drive the Business

Markets and Marketing; Understanding your Customers; Segmenting the Market; The Guerrilla Concept; Doing More with Marketing While Spending Less; Entrepreneurial Approaches to Core Marketing Decisions.

Session 6: Oct. 31st – Operations and Other Fundamentals that Matter

Formal Operations; Designing Your Formal Operating Model; A day in the Life and Associated Issues of Value, Quality, Bottlenecks, Suppliers and More; Finding People: What You Need to Know About Employees and Staffing Issues; Forms of Organization; Other Fundamentals that Matter.