Entrepreneur Resources in NY including SBA, SBDC, SCORE, BPA, Chambers, Empire State Development, Startup Incubators including RPI Innovation Hub, BizLabs, IngiteU NY, The New York Brainway
2. “The hardest thing I’ve ever done is starting this business and growing it”
3. Definition
"Rather than working as an employee,
an entrepreneur runs a small
business and assumes all the risk and
reward of a given business venture,
idea, or good or service offered for
sale. The entrepreneur is commonly
seen as a business leader and
innovator of new ideas and business
processes."
Source:https://en.wikipedia.org/wiki/Knowledge_entrepreneurship
4.
5. My Path To Entrepreneurship
● College: Siena for Finance and Computer Science
● Worked for NYSHESC for 3 months
● Worked for GE Research Center + RPI for MS in CS
● Worked for Bellcore then Burst Media
========================================>>>======
Started eBiz ROI, Inc. in Aug of 2009
Digital Advertising Agency Specializing in Google Advertising Solutions
Search / Video / Display
6. Myths … Well Sort Of
● Be your own boss
● Find job security
● Flexible hours
● Financial freedom
● Fashion freedom
7. Small Business with Employees - Survival Rates
According to the Bureau of Labor Statistics:
● ~80% will survive their 1st year,
● ~66% will survive their 2nd year,
● ~50% will of will survive their 5th year,
● ~30% of will survive their 10th year.
About 20% of small businesses fail in their first year,
and 50% of small businesses fail in their fifth year.
Source: https://www.bls.gov/bdm/us_age_naics_00_table7.txt
8. Key Activities of a Successful Business
● business plan development
● accounting
● marketing
● financial planning
● cost-analysis
● legal business structures
● funding
● e-commerce
● international markets
● employee management
9. Small Businesses Resources
School - Classes like this one!
Library - Continuing Education Classes
BPA - Business and Professional Association
Chambers - Saratoga, Southern Saratoga
SBDC - Small Business Development Center
SCORE - Senior Core of Retired Executives
Empire State Development - NYS Incentives
SBA - Small Business Association